Excursions in Mathematics, Loose-Leaf Edition Plus MyLab Math with Pearson eText -- 18 Week Access Card Package
9th Edition
ISBN: 9780136208754
Author: Tannenbaum, Peter
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Textbook Question
Chapter 10, Problem 66E
Reid’s credit card cycle ends on the twenty-fifth of every month. The interest rate on Reid’s Visa card is 21.99%, and the billing cycle runs from the twenty-sixth of a month to the twenty-fifth of the following month. At the end of the July 26—Aug. 25 billing cycle, Reid’s balance was $5000. During the next billing cycle (Aug. 26—Sept. 25) Reid made three purchases with the dates and amounts shown in Table 10-12. On September 22 Reid made an online payment of $200 that was credited towards his balance the same day.
a. Find the average daily balance on the credit card account for the billing cycle Aug. 26—Sept. 25.
b. Find the interest charged for the billing cycle Aug. 26—Sept. 25.
c. Find the new balance on the account at the end of the Aug. 26—Sept. 25 billing cycle.
| Date of purchase | Amount of purchase |
| 8/31 | $148.55 |
| 9/12 | $30.00 |
| 9/19 | $103.99 |
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
1 No.
2
3
4
Binomial Prob.
X
n
P
Answer
5
6 4
7
8
9
10
12345678
8
3
4
2
2552
10
0.7
0.233
0.3
0.132
7
0.6
0.290
20
0.02
0.053
150
1000
0.15
0.035
8
7
10
0.7
0.383
11
9
3
5
0.3
0.132
12
10
4
7
0.6
0.290
13
Poisson Probability
14
X
lambda
Answer
18 4
19
20
21
22
23 9
15
16
17 3
1234567829
3
2
0.180
2
1.5
0.251
12
10
0.095
5
3
0.101
7
4
0.060
3
2
0.180
2
1.5
0.251
24 10
12
10
0.095
step by step on Microssoft on how to put this in excel and the answers please
Find binomial probability if:
x = 8, n = 10, p = 0.7
x= 3, n=5, p = 0.3
x = 4, n=7, p = 0.6
Quality Control: A factory produces light bulbs with a 2% defect rate. If a random sample of 20 bulbs is tested, what is the probability that exactly 2 bulbs are defective? (hint: p=2% or 0.02; x =2, n=20; use the same logic for the following problems)
Marketing Campaign: A marketing company sends out 1,000 promotional emails. The probability of any email being opened is 0.15. What is the probability that exactly 150 emails will be opened? (hint: total emails or n=1000, x =150)
Customer Satisfaction: A survey shows that 70% of customers are satisfied with a new product. Out of 10 randomly selected customers, what is the probability that at least 8 are satisfied? (hint: One of the keyword in this question is “at least 8”, it is not “exactly 8”, the correct formula for this should be = 1- (binom.dist(7, 10, 0.7,…
Quality Control: A factory produces light bulbs with a 2% defect rate. If a random sample of 20 bulbs is tested, what is the probability that exactly 2 bulbs are defective? (hint: p=2% or 0.02; x =2, n=20; use the same logic for the following problems)
Marketing Campaign: A marketing company sends out 1,000 promotional emails. The probability of any email being opened is 0.15. What is the probability that exactly 150 emails will be opened? (hint: total emails or n=1000, x =150)
Customer Satisfaction: A survey shows that 70% of customers are satisfied with a new product. Out of 10 randomly selected customers, what is the probability that at least 8 are satisfied? (hint: One of the keyword in this question is “at least 8”, it is not “exactly 8”, the correct formula for this should be = 1- (binom.dist(7, 10, 0.7, TRUE)). The part in the princess will give you the probability of seven and less than seven. When you subtract it from 1, that will give you the probability of at least eight,…
Chapter 10 Solutions
Excursions in Mathematics, Loose-Leaf Edition Plus MyLab Math with Pearson eText -- 18 Week Access Card Package
Ch. 10 - Express each of the following percentages as a...Ch. 10 - Express each of the following percentages as a...Ch. 10 - Express each of the following percentages as a...Ch. 10 - Express each of the following percentages as a...Ch. 10 - Suppose that your lab scores in a biology class...Ch. 10 - There were four different sections of Financial...Ch. 10 - A 250-piece puzzle is missing 14 of its pieces...Ch. 10 - Jefferson Elementary School has 750 students. The...Ch. 10 - At the Happyville Mall, you buy a pair of earrings...Ch. 10 - Arvins tuition bill for last semester was 5760. If...
Ch. 10 - For three consecutive years the tuition at...Ch. 10 - For three consecutive years the cost of gasoline...Ch. 10 - A shoe store marks up the price of its shoes at...Ch. 10 - Prob. 14ECh. 10 - Over a period of one week, the Dow Jones...Ch. 10 - Over a period of one week, the Dow Jones...Ch. 10 - Suppose you borrow 875 for a term of four years at...Ch. 10 - Suppose you borrow 1250 for a term of three years...Ch. 10 - Suppose you purchase a four-year bond with an APR...Ch. 10 - Suppose you purchase a 15-year U.S. savings bond...Ch. 10 - Suppose you purchase an eight-year bond for 5400....Ch. 10 - Suppose you purchase a six-year muni bond for...Ch. 10 - Find the APR of a bond that doubles its value in...Ch. 10 - Find the APR of a bond that doubles its value in...Ch. 10 - Prob. 25ECh. 10 - Prob. 26ECh. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - Prob. 37ECh. 10 - Prob. 38ECh. 10 - Prob. 39ECh. 10 - Prob. 40ECh. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - Find the value of a retirement savings account...Ch. 10 - Find the value of a retirement savings account...Ch. 10 - Find the value of a retirement savings account...Ch. 10 - Find the value of a retirement savings account...Ch. 10 - Find the value of a retirement savings account...Ch. 10 - Find the value of a retirement savings account...Ch. 10 - Find the value of a retirement savings account...Ch. 10 - Find the value of a retirement savings account...Ch. 10 - What should your monthly contribution be if your...Ch. 10 - Prob. 54ECh. 10 - Consider a retirement savings account where the...Ch. 10 - Consider a retirement savings account where the...Ch. 10 - Suppose you purchase a car and you are going to...Ch. 10 - Suppose you purchase a car and you are going to...Ch. 10 - Suppose you want to buy a car. The dealer offers a...Ch. 10 - Suppose you want to buy a car. The dealer offers a...Ch. 10 - The Simpsons are planning to purchase a new home....Ch. 10 - The Smiths are refinancing their home mortgage to...Ch. 10 - Ken just bought a house. He made a 25,000 down...Ch. 10 - Cari just bought a house. She made a 35,000 down...Ch. 10 - Elizabeth went on a fabulous vacation in May and...Ch. 10 - Reids credit card cycle ends on the twenty-fifth...Ch. 10 - Prob. 67ECh. 10 - Joe, a math major, calculates that in the last...Ch. 10 - You have a coupon worth x off any item including...Ch. 10 - Prob. 70ECh. 10 - You are purchasing a home for 120,000 and are...Ch. 10 - Prob. 72ECh. 10 - Prob. 73ECh. 10 - Prob. 74ECh. 10 - Linear relationship between V and P in the...Ch. 10 - Linear relationship between P and M in the...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- Find binomial probability if: x = 8, n = 10, p = 0.7 x= 3, n=5, p = 0.3 x = 4, n=7, p = 0.6 Quality Control: A factory produces light bulbs with a 2% defect rate. If a random sample of 20 bulbs is tested, what is the probability that exactly 2 bulbs are defective? (hint: p=2% or 0.02; x =2, n=20; use the same logic for the following problems) Marketing Campaign: A marketing company sends out 1,000 promotional emails. The probability of any email being opened is 0.15. What is the probability that exactly 150 emails will be opened? (hint: total emails or n=1000, x =150) Customer Satisfaction: A survey shows that 70% of customers are satisfied with a new product. Out of 10 randomly selected customers, what is the probability that at least 8 are satisfied? (hint: One of the keyword in this question is “at least 8”, it is not “exactly 8”, the correct formula for this should be = 1- (binom.dist(7, 10, 0.7, TRUE)). The part in the princess will give you the probability of seven and less than…arrow_forwardPam, Ron, and Sam are using the method of sealed bids to divide among themselves four items. Table on the next page shows the bids that each player makes for each item. Use this example to answer questions 19 to 23 Pam Ron Sam Bedroom Set $860 $550 $370 Dining Room Set $350 $420 $500 Television $230 $440 $340 Sofa set $480 $270 $230 What is the value of Sam’s fair share Group of answer choices None of these $360 $370 $500 $480arrow_forwardQ2. Write the following Mayan numeral (base 20) as a Hindu-Arabic numeral (base 10). Show your work. b) : || || ·| 0 ⠀ || | || ||arrow_forward
- Q12. Using the prime factorization tree, simplify the following square roots. Show your work. √2646 a) √300 b) √4050 - √1800arrow_forwardKate, Luke, Mary and Nancy are sharing a cake. The cake had previously been divided into four slices (s1, s2, s3 and s4). What is an example of fair division of the cake S1 S2 S3 S4 Kate $4.00 $6.00 $6.00 $4.00 Luke $5.30 $5.00 $5.25 $5.45 Mary $4.25 $4.50 $3.50 $3.75 Nancy $6.00 $4.00 $4.00 $6.00arrow_forwardKate, Luke, Mary and Nancy are sharing a cake. The cake had previously been divided into four slices (s1, s2, s3 and s4). The following table shows the values of the slices in the eyes of each player. What is fair share to nancy? S1 S2 S3 S4 Kate $4.00 $6.00 $6.00 $4.00 Luke $5.30 $5.00 $5.25 $5.45 Mary $4.25 $4.50 $3.50 $3.75 Nancy $6.00 $4.00 $4.00 $6.00arrow_forward
- Q9. Complete the multiplication table below, then use it to perform divisions given below. Show your work. ☑ 0 1 2 3 0 0 0 0 1 0 1 3 2 0 2 4 11 13 3 0 3 14 4 0 13 3 a) ) 224 five five b) 23 five ) 4234 fivearrow_forwardFaye cuts the sandwich in two fair shares to her. What is the first half s1arrow_forwardQ7. Using the numeral symbols given in Question 4, calculate the following addition and subtraction. Show your work. a) cce+yгг b) Γ Γ Θ Δ - Θ Δ Υ Υarrow_forward
- For the system consisting of the lines: and 71 = (-8,5,6) + t(4, −5,3) 72 = (0, −24,9) + u(−1, 6, −3) a) State whether the two lines are parallel or not and justify your answer. b) Find the point of intersection, if possible, and classify the system based on the number of points of intersection and how the lines are related. Show a complete solution process.arrow_forwardQ5. Add in the indicated base. Show your work. a) A7E4 sixteen+4825 sixteen b) 5442 seven + 5340 sevenarrow_forwardKate, Luke, Mary and Nancy are sharing a cake. The cake had previously been divided into four slices (s1, s2, s3 and s4). The following table shows the values of the slices in the eyes of each player. S1 S2 S3 S4 Kate $4.00 $6.00 $6.00 $4.00 Luke $5.30 $5.00 $5.25 $5.45 Mary $4.25 $4.50 $3.50 $3.75 Nancy $6.00 $4.00 $4.00 $6.00 how much is the cak worth to maryarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Discrete Mathematics and Its Applications ( 8th I...MathISBN:9781259676512Author:Kenneth H RosenPublisher:McGraw-Hill Education
Mathematics for Elementary Teachers with Activiti...MathISBN:9780134392790Author:Beckmann, SybillaPublisher:PEARSON
Thinking Mathematically (7th Edition)MathISBN:9780134683713Author:Robert F. BlitzerPublisher:PEARSON
Discrete Mathematics With ApplicationsMathISBN:9781337694193Author:EPP, Susanna S.Publisher:Cengage Learning,
Pathways To Math Literacy (looseleaf)MathISBN:9781259985607Author:David Sobecki Professor, Brian A. MercerPublisher:McGraw-Hill Education
Discrete Mathematics and Its Applications ( 8th I...
Math
ISBN:9781259676512
Author:Kenneth H Rosen
Publisher:McGraw-Hill Education
Mathematics for Elementary Teachers with Activiti...
Math
ISBN:9780134392790
Author:Beckmann, Sybilla
Publisher:PEARSON
Thinking Mathematically (7th Edition)
Math
ISBN:9780134683713
Author:Robert F. Blitzer
Publisher:PEARSON
Discrete Mathematics With Applications
Math
ISBN:9781337694193
Author:EPP, Susanna S.
Publisher:Cengage Learning,
Pathways To Math Literacy (looseleaf)
Math
ISBN:9781259985607
Author:David Sobecki Professor, Brian A. Mercer
Publisher:McGraw-Hill Education
Use of ALGEBRA in REAL LIFE; Author: Fast and Easy Maths !;https://www.youtube.com/watch?v=9_PbWFpvkDc;License: Standard YouTube License, CC-BY
Compound Interest Formula Explained, Investment, Monthly & Continuously, Word Problems, Algebra; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=P182Abv3fOk;License: Standard YouTube License, CC-BY
Applications of Algebra (Digit, Age, Work, Clock, Mixture and Rate Problems); Author: EngineerProf PH;https://www.youtube.com/watch?v=Y8aJ_wYCS2g;License: Standard YouTube License, CC-BY