EBK BUSINESS MATH
EBK BUSINESS MATH
11th Edition
ISBN: 8220103633802
Author: NOBLE
Publisher: RENT PEARS
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Chapter 16.2, Problem 2-4SC
To determine

To calculate: Emily Harrington’s debt-to-income-ratio if her total fixed monthly expenses is $1,675 and gross monthly income is $4,975.

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In order to find probability, you can use this formula in Microsoft Excel: The best way to understand and solve these problems is by first drawing a bell curve and marking key points such as x, the mean, and the areas of interest. Once marked on the bell curve, figure out what calculations are needed to find the area of interest. =NORM.DIST(x, Mean, Standard Dev., TRUE). When the question mentions “greater than” you may have to subtract your answer from 1. When the question mentions “between (two values)”, you need to do separate calculation for both values and then subtract their results to get the answer. 1.  Compute the probability of a value between 44.0 and 55.0. (The question requires finding probability value between 44 and 55. Solve it in 3 steps. In the first step, use the above formula and x = 44, calculate probability value. In the second step repeat the first step with the only difference that x=55. In the third step, subtract the answer of the first part from the…
If a uniform distribution is defined over the interval from 6 to 10, then answer the followings: What is the mean of this uniform distribution? Show that the probability of any value between 6 and 10 is equal to 1.0 Find the probability of a value more than 7. Find the probability of a value between 7 and 9.   The closing price of Schnur Sporting Goods Inc. common stock is uniformly distributed between $20 and $30 per share. What is the probability that the stock price will be: More than $27? Less than or equal to $24?   The April rainfall in Flagstaff, Arizona, follows a uniform distribution between 0.5 and 3.00 inches. What is the mean amount of rainfall for the month? What is the probability of less than an inch of rain for the month? What is the probability of exactly 1.00 inch of rain? What is the probability of more than 1.50 inches of rain for the month? The best way to solve this problem is begin by creating a chart. Clearly mark the range, identifying the lower and upper…

Chapter 16 Solutions

EBK BUSINESS MATH

Ch. 16.1 - Prob. 2-3SCCh. 16.1 - Prob. 2-4SCCh. 16.1 - Prob. 2-5SCCh. 16.1 - Prob. 2-6SCCh. 16.1 - Prob. 2-7SCCh. 16.1 - Prob. 1SECh. 16.1 - Prob. 2SECh. 16.1 - Prob. 3SECh. 16.1 - Prob. 4SECh. 16.1 - Prob. 5SECh. 16.1 - Prob. 6SECh. 16.1 - Prob. 7SECh. 16.1 - Prob. 8SECh. 16.1 - Prob. 9SECh. 16.1 - Prob. 10SECh. 16.1 - Prob. 11SECh. 16.1 - Prob. 12SECh. 16.1 - Prob. 13SECh. 16.1 - Prob. 14SECh. 16.1 - Prob. 15SECh. 16.1 - Prob. 16SECh. 16.2 - Prob. 1-1SCCh. 16.2 - Prob. 1-2SCCh. 16.2 - Prob. 1-3SCCh. 16.2 - Prob. 1-4SCCh. 16.2 - Prob. 2-1SCCh. 16.2 - Prob. 2-2SCCh. 16.2 - Prob. 2-3SCCh. 16.2 - Prob. 2-4SCCh. 16.2 - Prob. 1SECh. 16.2 - Prob. 2SECh. 16.2 - Prob. 3SECh. 16.2 - Prob. 4SECh. 16.2 - Prob. 5SECh. 16.2 - Prob. 6SECh. 16.2 - Prob. 7SECh. 16.2 - Prob. 8SECh. 16.2 - Prob. 9SECh. 16.2 - Prob. 10SECh. 16.2 - Prob. 11SECh. 16.2 - Prob. 12SECh. 16.2 - Prob. 13SECh. 16.2 - Prob. 14SECh. 16 - Prob. 1ESCh. 16 - Prob. 2ESCh. 16 - Prob. 3ESCh. 16 - Prob. 4ESCh. 16 - Prob. 5ESCh. 16 - Prob. 6ESCh. 16 - Prob. 7ESCh. 16 - Prob. 8ESCh. 16 - Prob. 9ESCh. 16 - Prob. 10ESCh. 16 - Prob. 11ESCh. 16 - Prob. 12ESCh. 16 - Prob. 13ESCh. 16 - Prob. 14ESCh. 16 - Prob. 15ESCh. 16 - Prob. 16ESCh. 16 - Prob. 17ESCh. 16 - Prob. 18ESCh. 16 - Prob. 19ESCh. 16 - Prob. 20ESCh. 16 - Prob. 21ESCh. 16 - Prob. 22ESCh. 16 - Prob. 23ESCh. 16 - Prob. 24ESCh. 16 - Prob. 25ESCh. 16 - Prob. 26ESCh. 16 - Prob. 27ESCh. 16 - Prob. 28ESCh. 16 - Prob. 29ESCh. 16 - Prob. 30ESCh. 16 - Prob. 31ESCh. 16 - Prob. 32ESCh. 16 - Prob. 33ESCh. 16 - Prob. 34ESCh. 16 - Prob. 35ESCh. 16 - Prob. 36ESCh. 16 - Prob. 1PTCh. 16 - Prob. 2PTCh. 16 - Prob. 3PTCh. 16 - Prob. 4PTCh. 16 - Prob. 5PTCh. 16 - Prob. 6PTCh. 16 - Prob. 7PTCh. 16 - Prob. 8PTCh. 16 - Prob. 9PTCh. 16 - Prob. 10PTCh. 16 - Prob. 11PTCh. 16 - Prob. 12PTCh. 16 - Prob. 13PTCh. 16 - Prob. 14PTCh. 16 - Prob. 15PTCh. 16 - Prob. 16PTCh. 16 - Prob. 17PTCh. 16 - Prob. 18PTCh. 16 - Prob. 1CTCh. 16 - Prob. 2CTCh. 16 - Prob. 3CTCh. 16 - Prob. 4CTCh. 16 - Prob. 5CTCh. 16 - Prob. 1CPCh. 16 - Prob. 2CPCh. 16 - Prob. 3CPCh. 16 - Prob. 1CS1Ch. 16 - Prob. 2CS1Ch. 16 - Prob. 3CS1Ch. 16 - Prob. 4CS1Ch. 16 - Prob. 1CS2Ch. 16 - Prob. 2CS2Ch. 16 - Prob. 3CS2Ch. 16 - Prob. 4CS2Ch. 16 - Prob. 5CS2
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