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Lana71 [14]
1 year ago
8

If the average daily balance is $294.45 and the finance charge is $5.57 for the month of March, what is the annual interest rate

? Round to the nearest hundredth. Explain the steps used to obtain the answer. Answer in complete sentences.
Mathematics
1 answer:
Fynjy0 [20]1 year ago
4 0

Answer:

6.00 294.00

Step-by-step explanation:

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A machine fills boxes weighing Y lb with X lb of salt, where X and Y are normal with mean 100 lb and 5 lb and standard deviation
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Answer:

Option b. None is the correct option.

The Answer is 63%

Step-by-step explanation:

To solve for this question, we would be using the z score formula

The formula for calculating a z-score is given as:

z = (x-μ)/σ,

where

x is the raw score

μ is the population mean

σ is the population standard deviation.

We have boxes X and Y. So we will be combining both boxes

Mean of X = 100 lb

Mean of Y = 5 lb

Total mean = 100 + 5 = 105lb

Standard deviation for X = 1 lb

Standard deviation for Y = 0.5 lb

Remember Variance = Standard deviation ²

Variance for X = 1lb² = 1

Variance for Y = 0.5² = 0.25

Total variance = 1 + 0.25 = 1.25

Total standard deviation = √Total variance

= √1.25

Solving our question, we were asked to find the percent of filled boxes weighing between 104 lb and 106 lb are to be expected. Hence,

For 104lb

z = (x-μ)/σ,

z = 104 - 105 / √25

z = -0.89443

Using z score table ,

P( x = z)

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For 1061b

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Using z score table ,

P( x = z)

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P(104 ≤ Z ≤ 106) = 0.81445 - 0.18555

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Converting to percentage, we have :

0.6289 × 100 = 62.89%

Approximately = 63 %

Therefore, the percent of filled boxes weighing between 104 lb and 106 lb that are to be expected is 63%

Since there is no 63% in the option, the correct answer is Option b. None.

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Six years ago, Kelsey opened a savings account that earns 1.2% simple interest every year. She started the account with $600 and
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Answer:

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