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NOTE: Figure out what 3.4% (.034) of the average of all the month's bills is and add this to the average to get the new average bill. You will need to round up to the nearest cent (hundredth). $112.56 $124.85 $96.34 $86.86

NOTE: Figure out what 3.4% (.034) of the average of all the month's bills is and add this to the average to get the new average bill. You will need to round up to the nearest cent (hundredth). $112.56 $124.85 $96.34 $86.86

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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The information below gives the amount of Miranda's electric bill for each month in the past year. January February March April May June $158.00 $123.00 $107.00 $75.00 $72.00 $63.00 July August September October November December $81.00 $87.00 $64.00 $72.00 $98.00 $118.00 To help with budgeting her expenses, Miranda decides to switch to the "Average Billing" plan, which allows her to pay the same amount each month. The company calculates the monthly payment based on the mean amount of the bills from the previous year. The company announces that utility rates are increasing by 3.4%. How much will Miranda pay each month due to this new increase using the average that Miranda will pay each month based off of the costs from the previous year? That is, this increase will be applied to the average of the old monthly bills to give the new increased cost.
Transcribed Image Text:The information below gives the amount of Miranda's electric bill for each month in the past year. January February March April May June $158.00 $123.00 $107.00 $75.00 $72.00 $63.00 July August September October November December $81.00 $87.00 $64.00 $72.00 $98.00 $118.00 To help with budgeting her expenses, Miranda decides to switch to the "Average Billing" plan, which allows her to pay the same amount each month. The company calculates the monthly payment based on the mean amount of the bills from the previous year. The company announces that utility rates are increasing by 3.4%. How much will Miranda pay each month due to this new increase using the average that Miranda will pay each month based off of the costs from the previous year? That is, this increase will be applied to the average of the old monthly bills to give the new increased cost.
NOTE: Figure out what 3.4% (.034) of the average of all the month's bills is and add this to the average to get the new average bill. You will need to round up to the nearest cent (hundredth). $112.56 $124.85 $96.34 $86.86
Transcribed Image Text:NOTE: Figure out what 3.4% (.034) of the average of all the month's bills is and add this to the average to get the new average bill. You will need to round up to the nearest cent (hundredth). $112.56 $124.85 $96.34 $86.86
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January158
February123
March107
April75
May72
June63
July81
August87
September64
October72
November98
December118
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