3. Sarah is ready to buy her first car and will need to finance $32,000. She is currently considering two different loan options through Capital One Auto and Chase Auto. Each of the loan options is for a 72 month term.

Capital One Auto is offering a 6.9% interest rate compounded annually

Chase Auto is offering a 7.8% simple interest rate

Using a full sentence, explain which of the two loans you believe
Sarah should choose and why.

Answers

Answer 1

Answer:

Capital One Auto

Step-by-step explanation:

Based on the provided information, Sarah should go for the loan option offered by Capital One Auto with a 6.9% interest rate compounded annually because it is a lower interest rate than that of Chase Auto and compounded annually is more beneficial in the long term as opposed to simple interest rate offered by Chase Auto.


Related Questions

Find the surface area of the rectangular prism.




need help

Answers

The surface area of the rectangular prism with a length of 4 units, a width of 3 units, and a height of 5 units is 94 square units.

To find the surface area of a rectangular prism, you need to add up the area of all six faces. The formula for the surface area of a rectangular prism is:

Surface Area = 2lw + 2lh + 2wh

where l, w, and h are the length, width, and height of the rectangular prism.

So, to find the surface area of a rectangular prism, you simply need to plug in the values for l, w, and h into this formula and solve.

For example, if the length of the rectangular prism is 4 units, the width is 3 units, and the height is 5 units, the surface area would be:

Surface Area = 2(4)(3) + 2(4)(5) + 2(3)(5)
Surface Area = 24 + 40 + 30
Surface Area = 94 square units

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Geometric probability
Find the probability that a randomly selected point within the square falls in the red shaded area

Answers

The probability that a randomly selected point within the square falls in the red shaded area is approximately 0.2146 or about 21.46%.

To find the probability that a randomly selected point within the square falls in the red shaded area, we need to compare the area of the red shaded region to the area of the entire square.

Let the side length of the square be 2 units, and let the center of the circle be at the center of the square. Then, the radius of the circle is also 1 unit.

The area of the square is [tex](side length)^2[/tex] = [tex]2^2[/tex] = 4 square units.

The area of the circle is π[tex](radius)^2[/tex] = π[tex](1)^2[/tex] = π square units.

The red shaded area is the difference between the area of the square and the area of the circle, which is 4 - π square units.

Therefore, the probability that a randomly selected point within the square falls in the red shaded area is:

(red shaded area) / (area of the square) = (4 - π) / 4 ≈ 0.2146

So the probability is approximately 0.2146 or about 21.46%.

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Please help with this!!!

Answers

Step-by-step explanation:

The angle 'x' and the angle 65  form a straight line which is 180 degrees

x + 65 = 180

x = 180 - 65

x = 115 degrees

Answer: The answer is 115°

Step-by-step explanation:

we know that the angle of the straight line is 180°.

here, X= 180°- 65°

therefore, X=115°

Mary stocked books to sell at a street fair the ratio of comic books to mystery books is 2:5 Lina stocked no more than 100 of each type of book complete the table to determine how many comic books and mystery books Mary may have stocked

Answers

The question you posted is incomplete and does not have a table to complete. Can you please provide the table or the missing information so that I can answer your question properly?

a trapezoid in a coordinated plane has vertices (-2,5) (-3, -2) (2, -2) and (1,5) what is the height of the trapazoid

Answers

Answer: 7

Step-by-step explanation:

If you draw it out, you can visually tell it's 5 units, but you can also tell by looking at the two distinct y values, -2 and 5. The distance between them is 7 units, as you take the absolute value of both of them, then add to get 7.

Help please need this asap

Answers

The mean, median, and standard deviation of the given data set are approximately 114.4, 110, and 10.12, respectively.

What is mean?

In statistics, the mean is a measure οf central tendency οf a data set, alsο referred tο as the average. It is calculated by summing up all the values in the data set and then dividing by the tοtal number οf values. The mean represents the typical οr cοmmοn value in the data set.

The mean of the given data set is:

(135 + 115 + 120 + 110 + 110 + 100 + 105 + 110 + 125) / 9 = 114.44 (rounded to the nearest tenth)

To find the median, we first need to arrange the data set in ascending order:

100, 105, 110, 110, 110, 115, 120, 125, 135

Since the data set has an odd number of values, the median is the middle value, which is 110.

To find the standard deviation, we first need to calculate the variance. The variance is the average of the squared differences between each value and the mean. We can use the following formula to calculate the variance:

variance = [(value1 - mean)² + (value2 - mean)² + ... + (value9 - mean)²] / 9

Plugging in the values from the data set and the mean we calculated earlier, we get:

variance = [(135 - 114.44)² + (115 - 114.44)² + ... + (125 - 114.44)²] / 9

Simplifying this expression, we get:

variance = 102.46

The standard deviation is the square root of the variance, which is:

[tex]\sqrt{(102.46)[/tex] = 10.12 (rounded to the nearest tenth)

Therefore, the mean, median, and standard deviation of the given data set are approximately 114.4, 110, and 10.12, respectively.

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Equation for line of best fit
correlation positive/negative
r=

Answers

The equation for the line of best fit is a useful tool in data analysis to describe the relationship between two Variables and make predictions based on that relationship.

The equation for the line of best fit is a mathematical formula that describes the relationship between two variables in a data set. It is used in regression analysis to estimate and predict the value of one variable based on the value of another.

To find the equation for the line of best fit, we use the method of least squares, which minimizes the sum of the squares of the differences between the observed data points and the predicted values from the equation.

The equation takes the form of y = mx + b, where y is the dependent variable, x is the independent variable, m is the slope of the line, and b is the y-intercept. The slope represents the rate of change of y with respect to x, and the y-intercept is the value of y when x = 0.

The coefficient of determination, denoted as r, is a measure of how well the line fits the data. It ranges from -1 to 1, where a value of 1 indicates a perfect fit, and a value of 0 indicates no correlation. A negative value indicates an inverse relationship.

In summary, the equation for the line of best fit is a useful tool in data analysis to describe the relationship between two variables and make predictions based on that relationship.

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30 points to whoever solves

Answers

ANSWERS:

A. 0.28 ( 28.41% )
B. 89.29%

EXPLANATIONS:

(a) The probability of a randomly chosen U.S. adult investing in both stocks and fixed income instruments is given as 0.25. The probability of a U.S. adult investing in fixed income instruments is 0.88. Using the formula for conditional probability, we have:

P(invests in stocks | invests in fixed income instruments) = P(invests in both stocks and fixed income instruments) / P(invests in fixed income instruments)

= 0.25 / 0.88

= 0.2841 (rounded to the nearest hundredth)

Therefore, the probability that a randomly chosen U.S. adult invests in stocks, given that he or she invests in fixed income instruments is 0.28 (rounded to the nearest hundredth).

To convert A to a percentage, simply multiply it by 100:

A = 0.2841

A as a percentage = 0.2841 x 100% = 28.41% (rounded to two decimal places)

(b) The probability of a randomly chosen U.S. adult investing in both stocks and fixed income instruments is 0.25, and the probability of a U.S. adult investing in stocks is 0.28. Using the formula for joint probability, we have:

P(invests in both stocks and fixed income instruments) = P(invests in stocks) × P(invests in fixed income instruments)

= 0.28 × 0.88

= 0.2464

The probability that a randomly chosen stock investor also invests in fixed income instruments is 0.25 / 0.28 = 0.8929 (rounded to the nearest hundredth), which is equivalent to 89.29%.

A bag contains 2 green, 4 brown, and 6 yellow marbles. Once a marble is selected, it is not replaced. Find each probability! P (brown then yellow) = P (green then green) =

Answers

We have: P(brown then yellow) = 2/11 and P(green then green) = 2/132.

What is probability?

Probability is a measure of the likelihood of an event occurring. It is a number between 0 and 1, where 0 means the event is impossible and 1 means the event is certain to happen.

let's calculate the probability of selecting a brown marble followed by a yellow marble without replacement:

P(brown then yellow) = (4/12) * (6/11) = 24/132 = 2/11

We multiply 4/12 (the probability of selecting a brown marble on the first draw) by 6/11 (the probability of selecting a yellow marble on the second draw, after one brown marble has already been removed). Note that we divide by 11 on the second draw, as there are now only 11 marbles left in the bag.

Now let's calculate the probability of selecting two green marbles without replacement:

P(green then green) = (2/12) * (1/11) = 2/132

We multiply 2/12 (the probability of selecting a green marble on the first draw) by 1/11 (the probability of selecting another green marble on the second draw, after one green marble has already been removed). Again, note that we divide by 11 on the second draw, as there are now only 11 marbles left in the bag.

So, we have:

P(brown then yellow) = 2/11

P(green then green) = 2/132

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Can someone pls help me with c!!

Answers

Answer:

Either plane XYS or plane Q

Step-by-step explanation:

They are the only points lying on the plane in general.

Evaluate 3x + 1 when x = 2.

A. 5

B. 6

C. 7

Answers

Answer:

The correct answer:

C. 7

3(2) + 1 = 6 + 1 = 7

Step-by-step explanation:

So the question is 3x+1. We are given the information that x=2. Therefor we would plug in 2 to where x is. 3(2)+1. Now we would multiply first for 6+1. Add to get 7. 7 would be our answer giving us C.

19 less than one-half a number is-13

Answers

Answer:

Step-by-step explanation:

You are looking for 1/2 of an unknown number minus 19.  It will equal -13.

                                                                                                  1/2x - 19 = -13

Get x isolated, so add 19 on left to cancel, then add on right)     +19    +19                                                                                                

                                                      And you now are down to   1/2 x      =   6  

Now, let's simplify the fraction (1/2).  Since it is 1 divided by 2, you reverse division with multiplication. Multiply 1/2 by the denominator (2) and you get 1. So, you're down to 1x, or just x.   Then multiply the number on the other side of the equal sign (the 6) by 2 and you get 12.

So x = 12.

Now, let's go back to our original equation and plug in the x and see if it works.

1/2x - 19 = -13

becomes 1/2 (12) - 19 = -13

becomes 6 - 19 = -13

Voila! Our missing number (x) is 12.

an algebra class has 8 students and 8 desks. for the sake of variety, students change the seating arrangement each day. how many days must pass before the class must repeat a seating arrangement? days must pass before a seating arrangement is repeated. suppose the desks are arranged in rows of 4. how many seating arrangements are there that put larry, moe, curly, and shemp in the front seats? there are seating arrangements that put them in the front seats. what is the probability that larry, moe, curly and shemp are sitting in the front seats? the probability is .

Answers

Solving the probability and permutations, we get (a) 20,160. (b) Larry, Moe, Curly, and Shemp can be arranged in the four front seats in 24 ways, and the ILB block can be arranged with the remaining students in 720 ways, and (c) 1/280.

(a) The number of possible seating arrangements can be calculated using the formula for permutations of n objects taken r at a time: P(n,r) = n!/(n-r)!. In this case, there are 8 students and 8 desks, so there are 8! possible seating arrangements.

To find the number of days before a seating arrangement is repeated, we need to subtract 1 from this number (since the first day is a unique arrangement) and divide by 2 (since there are two possible ways to arrange the students in any given seating arrangement, by simply rotating the arrangement). So the number of days before a seating arrangement is repeated is (8! - 1)/2 = 20,160.

(b) Larry, Moe, Curly, and Shemp must occupy the four front seats, so we need to choose four of the remaining four desks for the other students to sit at. This can be done in 4!/(4-4)! = 4! = 24 ways.

(c) We can treat the block of three students (ILB) as a single object, and then arrange the five remaining objects (M, O, A, X, and the ILB block) in a row. The ILB block can be arranged in 3! = 6 ways, and the other five objects can be arranged in 5! = 120 ways.

So the total number of potential seating arrangements in which ILB remains together is 6 x 120 = 720.

(d) The probability that Larry, Moe, Curly, and Shemp are sitting in the front seats is the number of possible seating arrangements in which they occupy the four front seats (24, from part b) divided by the total number of possible seating arrangements ([tex]8![/tex], from part a). So the probability is 24/8! = 1/280.

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Given the triangle ABC with the points A = ( - 1, 3 ) B = ( 2, 4 ) C = ( 4, 7 ) and it's dilation, triangle A'B'C', with points A' = ( - 3, 9 ) B' = ( 6, 12 ) C' = ( 12, 21 ) what is the scale factor?

Answers

ANSWER:



the scale factor is 3

Suppose you toss two number cubes. Find the probability that both cubes will show a 4.

Answers

Therefore, the probability of both cubes showing a 4 is 1/36 or approximately 0.028 or 2.8%.

what is probability?

Probability is a measure of the likelihood of an event occurring. It is a number between 0 and 1, with 0 indicating that the event is impossible and 1 indicating that the event is certain to occur. Probability can also be expressed as a percentage between 0% and 100%, with 0% indicating impossibility and 100% indicating certainty.

In probability theory, the probability of an event is calculated by dividing the number of favorable outcomes by the total number of possible outcomes. For example, if you flip a fair coin, there are two possible outcomes: heads or tails. Since each outcome is equally likely, the probability of getting heads is 1/2 or 0.5 or 50%.

Assuming that the number cubes are fair and each face has an equal chance of landing face up, the probability of getting a 4 on any one of the cubes is 1/6, since there are six equally likely outcomes (numbers 1 to 6) and only one of them is a 4.

To find the probability of getting a 4 on both cubes, we need to multiply the probability of getting a 4 on the first cube by the probability of getting a 4 on the second cube, since the outcomes of the two cubes are independent of each other.

So, the probability of getting a 4 on both cubes is:

1/6 x 1/6 = 1/36

Therefore, the probability of both cubes showing a 4 is 1/36 or approximately 0.028 or 2.8%.

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alemu earn birrs 10000 per month,calculate
a, the income tax he has to pay
b.the net income after deducting income tax

Answers

Alemu's net income after deducting income tax is 9,470 birrs per month, assuming he lives in Ethiopia and the income tax rates for the current tax year apply.

We must take into account the income tax rates in Alemu's nation for the current tax year in order to determine how much income tax he must pay. We cannot provide an exact response since we are unsure about Alemu's country of residence. The income tax rates in Ethiopia, where the first 6,000 birr of income are tax-free and the remaining amount is subject to progressive taxes, range from 10% to 30%, can be used as an example, though.

Alemu's monthly taxable income, assuming he resides in Ethiopia, would be 4,000 birrs (between 10,000 and 6,000). He must pay the following amount of income tax:

180 birr (10% of the first 1,800 birr)

15% of the following 1,800 birrs is 270 birrs.

80 birrs are 20% of the remaining 400 birrs.

Alemu would therefore pay 530 birrs in total income tax each month.

Alemu's net income would be 9,470 birrs after income tax. This is the sum of cash he would have on hand to cover personal costs, savings, investments, and any other debts. It is crucial to remember that the net income amount may change depending on a number of variables, including deductions for social security, health insurance, or any other needed legal payments.

In conclusion, assuming Alemu lives in Ethiopia and the income tax rates for the current tax year are applicable, Alemu's net income after income tax is 9,470 birrs each month.

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Find three different ways to write the number 534,000 using powers of 10.

Answers

Answer:

534×10³

5340×10²

53400×10

53400 X 10
5340 X 10^2
534 X 10^3

Suppose x varies directly as y, and x varies inversely as z.
Find z when x= 10 and y= −7, if z= 20
when x= 6 and y= 14.

Answers

The value of Z is -66.7

What is an inverse function?

An inverse in mathematics is a function that "undoes" another part. In other words, if f(x) produces y, y entered into the inverse of f producing x. An invertible function has an inverse, and the inverse is represented by the symbol f1.

Here, we have

Given: Suppose x varies directly as y, and x varies inversely as z.

Find z when x= 10 and y= −7, if z= 20 when x= 6 and y= 14.

X = K(Y/Z) if x =10, y=-7, Z=20

substituting in the equation 10 = K(-7/20)

solving for K = -28.6

When x = 6, Y = 14, and K(constant) = -28.6

6 = -28.6(14/Z)

solving for Z by cross multiplication, we get

Z = -66.7

Hence, the value of Z is -66.7

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Hi! can someone please help me with this one? thank youu!

Answers

Here you go! The point you would get moving right 3 times is (5, -2)

a telephone survey of 1000 randomly selected us adults found that 31% of them say they believe in ghosts. does this provide evidence that more than 1 in 4 us adults believe in ghosts? clearly show all details of the test.

Answers

How can a telephone survey of 1000 randomly selected US adults provide evidence that more than 1 in 4 US adults believe in ghosts?The survey results provide evidence that more than one in four US adults believe in ghosts. The telephone survey was conducted on a random sample of 1000 US adults. The survey found that 31 percent of US adults believed in ghosts.

To determine whether more than one in four US adults believe in ghosts, the null and alternative hypotheses will be tested.The null hypothesis in this scenario is that less than or equal to 25% of US adults believe in ghosts. The alternative hypothesis is that more than 25% of US adults believe in ghosts.Therefore, the level of significance (α) will be determined.

The α level is typically set to 0.05. This means that the likelihood of making a type I error is 5%. Then, the z-score will be calculated as follows:z = (0.31 - 0.25) / sqrt[(0.25 x 0.75) / 1000]z = 2.83The obtained z-score will be compared to the critical z-value using a z-distribution table. The critical z-value is 1.96. Since the obtained z-score is greater than the critical z-value, the null hypothesis will be rejected. Therefore, there is evidence to suggest that more than one in four US adults believe in ghosts.

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EXPIRED!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answers

The option B is the correct answer for the above question. The line of symmetry should have been 4 instead -4 is correct.

How to find the symmetry?

Line of symmetry - A line of symmetry is a line in mathematics that splits a form or object into two congruent halves, such that if one portion is reflected over the line of symmetry, it will coincide with the other component. A line of symmetry is also known as an axis of symmetry.

Now, we will see to find the line of symmetry for the quadratic equation [tex]f(x) = x^2 - 8x + 15[/tex],

Line of symmetry: [tex]x = \frac{-b}{2a}[/tex]

Vertex: [tex](x,y) = (\frac{-b}{2a}, f(\frac{-b}{2a}))[/tex]

where a, b, and c are the coefficients of the quadratic equation [tex]ax^2 + bx + c.[/tex]

In this case, [tex]a = 1, b = -8, and\ c = 15[/tex], so we can substitute these values into the formulas:

Line of symmetry: [tex]x = \frac{-(-8)}{21} = 4[/tex]

And, From this value of x, we will get the correct value of y.

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Write the series using sigma notation with lower limit n=4.

Answers

[tex]\begin{array}{cccccccccc} &\frac{-1}{4}\left( -\frac{1}{2} \right)&\frac{1}{8}\left( -\frac{1}{2} \right)&\frac{-1}{16}\left( -\frac{1}{2} \right)&\frac{1}{32}\left( -\frac{1}{2} \right)\\ -\cfrac{1}{4}&\cfrac{1}{8}&-\cfrac{1}{16}&\cfrac{1}{32}&-\cfrac{1}{64}... \end{array}\hspace{5em}\stackrel{\textit{common ratio}}{r=-\frac{1}{2}} \\\\[-0.35em] ~\dotfill[/tex]

[tex]\qquad \qquad \textit{sum of a finite geometric sequence} \\\\ \displaystyle S_n=\sum\limits_{i=1}^{n}\ a_1\cdot r^{i-1}\qquad \begin{cases} n=\textit{last term's}\\ \qquad position\\ a_1=\textit{first term}\\ r=\textit{common ratio}\\[-0.5em] \hrulefill\\ r=-\frac{1}{2}\\ a_1=-\frac{1}{4} \end{cases}\implies \sum_{n=1}^{n=4}~-\frac{1}{4}\left( -\frac{1}{2} \right)^{n-1}[/tex]

Solve this question for me?

Answers

The tree's height changes 2.5ft bases per time.

What's the rate of change?

The rate of change function is defined as the rate at which one volume changes relative to another volume. In simple terms, the rate of change is the quantum of change in one item divided by the corresponding quantum of change in another.

Equation:

We can find the rate of change in the tree's height by calculating the slope of the line that represents the direct function relating the tree's height to the number of times since it was planted.

To do this, we can use the slope formula

Slope = ( change in height)/( change in time)

Let's choose the points

( 1,4.5) and( 4, 12)

Change in height = 12-4.5 = 7.5

Change of time = 4- 1 = 3

Slope = (7.5/ 3) = 2.5

So, the tree's height changes 2.5 bases per time.

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Can someone please help me with this question. I know the answer is B, but I literally do not understand how to do it, because we are required to use the box method, and I don’t really get how to use it.
Thank you. Can someone please help me with this question. I know the answer is B, but I literally do not understand how to do it, because we are required to use the box method, and I don’t really get how to use it.
Thank you.

Answers

The child should be given 8.75 mL of the medicine. option B

How to solve

To determine the correct dosage, we first need to find out how much paracetamol the child needs based on their weight and then convert that amount to the appropriate volume of the medicine.

Calculate the required amount of paracetamol based on the child's weight:

Child's weight: 14 kg

Dosage: 15 mg per 2 kg of body weight

Required_paracetamol = (Child's weight / Dosage per kg) * Dosage

Required_paracetamol = (14 kg / 2 kg) * 15 mg

Required_paracetamol = 7 * 15 mg

Required_paracetamol = 105 mg

The child needs 105 mg of paracetamol.

Convert the required paracetamol amount to the appropriate volume of the medicine:

Medicine concentration: 120 mg of paracetamol per 10 mL

Required_volume = (Required_paracetamol / Medicine concentration) * 10 mL

Required_volume = (105 mg / 120 mg) * 10 mL

Required_volume = 0.875 * 10 mL

Required_volume = 8.75 mL

The child should be given 8.75 mL of the medicine.

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Three people are sitting on a bus. Austin is seated 12 feet directly behind Bernard and 9 feet directly left of Keenan. How far is Bernard from Keenan?

Answers

Answer: I would say 21 feet.

Step-by-step explanation:

Bernard is 12 feet ahead of Austin

So add 12 feet to get to Austin first

Then add the 9 feet that is apart from Austin and Bernard

12+9 = 21

21 feet would be the answer

Hope this helps ! ^^

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a principal wants to know if students want to change the start time of the school day. which strategy is most likely to produce a representative sample?

A. ask each teacher to select one student.

B. select a day at random. Ask the first students who arrive at school that day.

C. Select students from a list of all students at random. Ask those students

D. Select tables in the library at random. Ask the students sitting at those tables.​.

Answers

Answer:

Either A or c

Step-by-step explanation:

Can someone help me to figure out this problem

Answers

Answer:

Step-by-step explanation:

17f+1i

6f+5f+4f=15f

11i+4i+10i=25i     ---------> 2f+1i

1feet=12inch

In a popular online role playing game, players can create detailed designs for their character's "costumes," or appearance. Tallulah sets up a website where players can buy and sell these costumes online. Information about the number of people who visited the website and the number of costumes purchased in a single day is listed below.
171 visitors purchased no costume.
148 visitors purchased exactly one costume.
34 visitors purchased more than one costume.

Based on these results, express the probability that the next person will purchase more than one costume as a fraction in simplest form.

Answers

Hence, the likelihood that the following customer will purchase multiple costumes is 0.096.

Define about the term probability:

Probability is the measurement of an event's likelihood. Probability aids in determining the chance of an event occurring because many events can really be predicted with 100% accuracy. It is the proportion of positive events to all of the events in such an experiment.

Given data:

There were 171 persons who declined to buy a costume.148 people bought precisely one costume.34 people bought more than one costume.

There are a total of people present, which would be

= 171 + 148 + 34

= 353

The likelihood that the person after you will buy more than one costume must be determined.

Probability = favourable outcomes / total outcomes

Probability(multiple costumes)  = 34 / 353

Probability(multiple costumes)  = 0.096

Hence, the likelihood that the following customer will purchase multiple costumes is 0.096.

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NEED HELP RIGHT NOW!!!

The number of users on a website is 2600 and is growing exponentially at a rate of 54% per year. Write a function to represent the number of users on the website after t years, where the monthly rate of change can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage rate of change per month, to the nearest hundredth of a percent.

Answers

Therefore , the solution of the given problem of function comes out to be the monthly percentage rate of change is roughly 4.56%, to the closest hundredth of a percent.

What is the function?

There will be a range of questions in each subject on the midterm test, including inquiries about both imagined and real locations and also inquiries regarding the design of numerical variables. a schematic illustrating the connections between various components that work together to produce the same outcome.

Here,

The exponential development equation is:

=>[tex]N(t) = N_0 * e^{(rt)}[/tex]

We must first convert the annual growth rate from a percentage to a decimal, which we must then split by 12 to obtain the monthly rate:

Monthly rate at r = 54% is 0.54; r/12 is 0.045.

=>[tex]N(t) = 2600 * e^{(0.045)}[/tex]

=> [tex]N(t) = 2600 * 1.0469^t[/tex]

We can use the following method to determine the monthly percentage rate of change:

=> Monthly Rate of Change equals 100% * (e^(Monthly Rate) - 1)

By substituting the previously calculated monthly rate, we obtain:

=> [tex](e^{(0.045)} - 1)[/tex]* 100% = 4.56% for the monthly rate of change.

In light of this, the monthly percentage rate of change is roughly 4.56%, to the closest hundredth of a percent.

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A company is marketing a new video game. Market research indicates that 24% of the the market has seen an advertisement for the new game.

Suppose 42% of those who see the ad have purchased the game and 93% of those who have not seen the advertisement have not purchased the game. If you choose a person who purchased the game, what is the probability he or she did not see the ad?

Express your answer as a decimal, rounded to the nearest thousandth (three decimal places).


Answer =

Answers

The probability that a person who purchased the game did not see the advertisement is:0.659.

what is  probability?

Probability is a measure of the likelihood of an event occurring. It is expressed as a number between 0 and 1, with 0 indicating that the event is impossible and 1 indicating that the event is certain. Probability is used in many areas, including statistics, mathematics, science, finance, and gambling.

In the given question,

To solve this problem, we will use Bayes' theorem, which allows us to update our beliefs about the probability of an event based on new information.

Let A be the event that a person has seen the advertisement, and B be the event that a person has purchased the game. We want to find the probability of A given B, i.e., the probability that a person who has purchased the game has also seen the advertisement.

We know that P(A) = 0.24 (24% of the market has seen the advertisement), P(B|A) = 0.42 (42% of those who see the ad have purchased the game), and P(~A|~B) = 0.93 (93% of those who have not seen the advertisement have not purchased the game).

We can use the complement rule to find P(B|~A), the probability of purchasing the game given that the person has not seen the advertisement:

P(B|~A) = 1 - P(~B|~A) = 1 - 0.93 = 0.07

Now we can use Bayes' theorem:

P(A|B) = P(B|A) * P(A) / P(B)

where P(B) = P(B|A) * P(A) + P(B|~A) * P(~A)

Plugging in the values, we get:

P(B) = 0.42 * 0.24 + 0.07 * (1 - 0.24) = 0.2956

P(A|B) = 0.42 * 0.24 / 0.2956 = 0.3408

Therefore, the probability that a person who purchased the game did not see the advertisement is:

1 - P(A|B) = 1 - 0.3408 = 0.659

Rounded to the nearest thousandth, the answer is 0.659.

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