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OLga [1]
1 year ago
5

Barry also looks into the cost of repaying an easy access loan for $1000. The up-front cost of the loan is $3 for every $20 borr

owed, plus the original $1000. How much will this loan cost Barry in interest. ​
Mathematics
1 answer:
natta225 [31]1 year ago
3 0

Answer:

Barry has to pay back $1150

Step-by-step explanation:

We can set up an equation to help solve this problem

x is the amount he has to pay back

x=1000+3(1000/20)

1000/20 lets us know how many times he borrowed 20 dollars

x=1000+3(50)

x=1000+150

x=1150

Barry has to pay back $1150

You might be interested in
Suppose that the weight of seedless watermelons is normally distributed with mean 6.1 kg. and standard deviation 1.9 kg. Let X b
horrorfan [7]

Answer:

a. X\sim N(\mu = 6.1, \sigma = 1.9) b. 6.1 c. 0.6842 d. 0.4166 e. 0.1194 f. 8.5349

Step-by-step explanation:

a. The distribution of X is normal with mean 6.1 kg. and standard deviation 1.9 kg. this because X is the weight of a randomly selected seedless watermelon and we know that the set of weights of seedless watermelons is normally distributed.

b. Because for the normal distribution the mean and the median are the same, we have that the median seedless watermelong weight is 6.1 kg.

c. The z-score for a seedless watermelon weighing 7.4 kg is (7.4-6.1)/1.9 = 0.6842

d. The z-score for 6.5 kg is (6.5-6.1)/1.9 = 0.2105, and the probability we are seeking is P(Z > 0.2105) = 0.4166

e. The z-score related to 6.4 kg is z_{1} = (6.4-6.1)/1.9 = 0.1579 and the z-score related to 7 kg is z_{2} = (7-6.1)/1.9 = 0.4737, we are seeking P(0.1579 < Z < 0.4737) = P(Z < 0.4737) - P(Z < 0.1579) = 0.6821 - 0.5627 = 0.1194

f. The 90th percentile for the standard normal distribution is 1.2815, therefore, the 90th percentile for the given distribution is 6.1 + (1.2815)(1.9) = 8.5349

7 0
1 year ago
A place from this table is chosen at random. let event A= the place is a city
topjm [15]

Answer:

5/7 is the correct answer

Step-by-step explanation:

The probability of the place is at city are:

The total probability of the place is at city / The total possible outcomes

= 5 / 7

Hope this help you :3

8 0
1 year ago
Read 2 more answers
Recently a study of fans attending the new york mets baseball games was conducted and 500 fans were surveyed. in forming a frequ
Misha Larkins [42]

Relative frequency is the value assigned to each class in the proportion of the total data set that belongs in the class.

Relative frequency formula is :

\frac{class-Frequency}{Total- observations}--------------------(1)

So for class 0 to 5 miles we have 247 fans. So this class frequency is 247.

Total fans surveyed is 500

So plug these values in relative frequency formula given by (1)

relative frequency = \frac{247}{500}

On simplifying we get

relative frequency = 0.494

So choice (c) 0.494 is the right answer

8 0
2 years ago
It has been suggested that night shift-workers show more variability in their output levels than day workers. Below, you are giv
bonufazy [111]

Answer:

Null hypotheses = H₀ = σ₁² ≤ σ₂²

Alternative hypotheses = Ha = σ₁² > σ₂²

Test statistic = 1.9

p-value = 0.206

Since the p-value is greater than α therefore, we cannot reject the null hypothesis.

So we can conclude that the night shift workers don't show more variability in their output levels than day workers.

Step-by-step explanation:

Let σ₁² denotes the variance of night shift-workers

Let σ₂² denotes the variance of day shift-workers

State the null and alternative hypotheses:

The null hypothesis assumes that the variance of night shift-workers is equal to or less than day-shift workers.

Null hypotheses = H₀ = σ₁² ≤ σ₂²

The alternate hypothesis assumes that the variance of night shift-workers is more than day-shift workers.

Alternative hypotheses = Ha = σ₁² > σ₂²

Test statistic:

The test statistic or also called F-value is calculated using

Test statistic = Larger sample variance/Smaller sample variance

The larger sample variance is σ₁² = 38

The smaller sample variance is σ₂² = 20

Test statistic = σ₁²/σ₂²

Test statistic = 38/20

Test statistic = 1.9

p-value:

The degree of freedom corresponding to night shift workers is given by

df₁ = n - 1

df₁ = 9 - 1

df₁ = 8

The degree of freedom corresponding to day shift workers is given by

df₂ = n - 1

df₂ = 8 - 1

df₂ = 7

We can find out the p-value using F-table or by using Excel.

Using Excel to find out the p-value,

p-value = FDIST(F-value, df₁, df₂)

p-value = FDIST(1.9, 8, 7)

p-value = 0.206

Conclusion:

p-value > α    

0.206 > 0.05   ( α = 1 - 0.95 = 0.05)

Since the p-value is greater than α therefore, we cannot reject the null hypothesis corresponding to a confidence level of 95%

So we can conclude that the night shift workers don't show more variability in their output levels than day workers.

3 0
2 years ago
You find a certain stock that had returns of 8 percent, −3 percent, 12 percent, and 17 percent for four of the last five years.
Tatiana [17]

Answer:

Standard deviation = 8.27 percent

Step-by-step explanation:

Average = (Σx)/N

The average is the sum of variables divided by the number of variables.

x = each variable

N = number of variables = 5

Let the unknown percent be y

6 = (8 - 3 + 12 + 17 + y)/5

y = 30 - 34 = - 4

The standard deviation is the square root of variance. And variance is an average of the squared deviations from the mean.

Mathematically,

Standard deviation = σ = √[Σ(x - xbar)²/N]

x = each variable

xbar = mean = 6 percent

N = number of variables

σ = √[{(8 - 6)² + (-3 - 6)² + (12 - 6)² + (17 - 6)² + (-4 - 6)²}]/(5)]

σ = √[[(2)² + (-9)² + (6)² + (11)² + (-10)²]/(5)]

σ = √[(4 + 81 + 36 + 121 + 100)/(5)] = √(342/5) = 8.27 percent.

4 0
2 years ago
Read 2 more answers
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