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stepladder [879]
2 years ago
10

What are two reasons someone might purposely choose a HIGHER monthly payment?

Mathematics
2 answers:
zubka84 [21]2 years ago
8 0

Answer:

To pay back the loan in a shorter period and to pay less interest.

Step-by-step explanation:

The monthly payment refers to the amount someone has to pay every month for a loan until it is paid back in full. A person might purposely choose a higher monthly payment because this will alow him/her to pay the loan in a shorter period as he/she wil be putting more money towards the principal. Also, the person will pay less interest because that is the amount the lender charges for the money that was borrowed and if someone pays more money towards the principal, he/she will owe less interest because the balance is lower.

Allisa [31]2 years ago
4 0
To earn extra money a month
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There are two misshapen coins in a box; their probabilities for landing on heads when they are flipped are, respectively, .4 and
Leokris [45]

Answer:

E(X) = 6.0706

Step-by-step explanation:

1) Define notation

X = random variable who represents the number of heads in the 10 first tosses

Y = random variable who represents the number of heads in range within toss number 4 to toss number 10

And we can define the following events

a= The first coin has been selected

b= The second coin has been selected

c= represent that we have 2 Heads within the first two tosses

2) Formulas to apply

We need to find E(X|c) = ?

If we use the total law of probability we can find E(Y)

E(Y) = E(Y|a) P(a|c) + E(Y|b)P(b|c) ....(1)

Finding P(a|c) and using the Bayes rule we have:

P(a|c) = P(c|a) P(a) / P(c) ...(2)

Replacing P(c) using the total law of probability:

P(a|c) = [P(c|a) P(a)] /[P(c|a) P(a) + P(c|b) P(b)] ... (3)

We can find the probabilities required

P(a) = P(b) = 0.5

P(c|a) = (3C2) (0.4^2) (0.6) = 0.288

P(c|b) = (3C2)(0.7^2) (0.3) = 0.441

Replacing the values into P(a|c) we got

P(a|c) = (0.288 x 0.5) /(0.288x 0.5 + 0.441x0.5) = 0.144/ 0.3645 = 0.39506

Since P(a|c) + P(b|c) = 1. With this we can find P(b|c) = 1 - P(a|c) = 1-0.39506 = 0.60494

After this we can find the expected values

E(Y|a) = 7x 0.4 = 2.8

E(Y|b) = 7x 0.7 = 4.9

Finally replacing the values into equation (1) we got

E(Y|c) = 2.8x 0.39506 + 4.9x0.60494 = 4.0706

And finally :

E(X|c) = 2+ E(Y|c) = 2+ 4.0706 = 6.0706

6 0
1 year ago
the daily production cost, c, for x units is modeled by the equation: c = 200 – 7x 0.345x2 explain how to find the domain and ra
jenyasd209 [6]
C(x) = 200 - 7x + 0.345x^2

Domain is the set of x-values (i.e. units produced) that are feasible. This is all the positive integer values + 0, in case that you only consider that can produce whole units.

Range is the set of possible results for c(x), i.e. possible costs.

You can derive this from the fact that c(x) is a parabole and you can draw it, for which you can find the vertex of the parabola, the roots, the y-intercept, the shape (it open upwards given that the cofficient of x^2 is positive). Also limit the costs to be positive.

You can substitute some values for x to help you, for example:

x      y
0    200
1    200 -7 +0.345 = 193.345
2    200 - 14 + .345 (4) = 187.38
3    200 - 21 + .345(9) = 182.105
4    200 - 28 + .345(16) = 177.52
5    200 - 35 + 0.345(25) = 173.625
6    200 - 42 + 0.345(36) = 170.42

10  200 - 70 + 0.345(100) =164.5
11 200 - 77 + 0.345(121) = 164.745
 
 
The functions does not have real roots, then the costs never decrease to 0.

The function starts at c(x) = 200, decreases until the vertex, (x =10, c=164.5) and starts to increase.

Then the range goes to 164.5 to infinity, limited to the solutcion for x = positive integers.

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I really don’t this anwser it look so hard
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James conducted an experiment with 4 possible outcomes. He determined that the experimental probability of event A happening is
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