If you are willing to run out of cash for 10% of the days, how much cash should you put in the ATM each day?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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(This is homework and is NOT provided marks! It is just for completion, but I am trying to understand HOW to do the question for when it appears on an exam.) Please answer question C! If you are willing to run out of cash for 10% of the days, how much cash should you put in the ATM each day? Round to nearest hundred dollar.
(a) Choose
0.4-
0.3
0.2-
0.1-
0-
0.3
0.2-
0.1
57.5
Data table
55
81
70
97
77
75
75
63
71
62
69
77
70
75
86
Print
79
72
76
86
68
82
Done
95 91
81
71
64 85
76
87
76
- X
(b) If you put $8450 in the ATM each day, what percent of the days in a month should you expect to run out of cash?
23.3 % (Round to the nearest tenth as needed.)
(c) If you are willing to run out of cash for 10% of the days, how much cash should you put in the ATM each day?
(Round to the nearest hundred dollars as needed.)
....
O
0.4
0.3
0.2
0.1
0
OD
0.4-
0.3-
0.2-
0.1-
0
Transcribed Image Text:(a) Choose 0.4- 0.3 0.2- 0.1- 0- 0.3 0.2- 0.1 57.5 Data table 55 81 70 97 77 75 75 63 71 62 69 77 70 75 86 Print 79 72 76 86 68 82 Done 95 91 81 71 64 85 76 87 76 - X (b) If you put $8450 in the ATM each day, what percent of the days in a month should you expect to run out of cash? 23.3 % (Round to the nearest tenth as needed.) (c) If you are willing to run out of cash for 10% of the days, how much cash should you put in the ATM each day? (Round to the nearest hundred dollars as needed.) .... O 0.4 0.3 0.2 0.1 0 OD 0.4- 0.3- 0.2- 0.1- 0
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