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?
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
Section: Chapter Questions
Problem 1P
Related questions
Question
(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.

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(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.)
....
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