For the month of October, a credit card has a balance of $115.63 for 12 days, $637.19

Question:

For the month of October, a credit card has a balance of $115.63 for 12 days, $637.19 for 6 days, $1225.06 for 7 days, $0 for 2 days, and $34.88 for 4 days. What is the account’s mean daily balance for October?

Find the weighted mean of the data.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Elementary Statistics Picturing The World

ISBN: 9780134683416

7th Edition

Authors: Ron Larson, Betsy Farber

See More Books

Question Posted: May 11, 2019 07:11 AM

See More Questions

In Exercise 46, one of the students B grades gets changed to an A. What is the students new grade point average? Data from Exercise 46: A student receives the grades shown below, with an A worth 4...
Number of classes: 6 Data set: The numbers of patients visiting an emergency room per day over a two-week period Construct a frequency distribution and a frequency histogram for the data set using...
Explain the relationship between variance and standard deviation. Can either of these measures be negative? Explain.
Reset all of the assumptions to the original values. Then assess the sensitivity of the impairment test results by changing the following assumptions listed below. Assumption Name: Revised...
What is the expected profit from this trading strategy?
Would you expect Fe 3+ or Fe 2+ to be the stronger Lewis acid? Explain.
The Cooper Furniture Company of Potomac, Maryland, assembles two types of chairs (Recliners and Rockers). Separate assembly lines are used for each type of chair. Classify each cost item (AI) as...
(Identify Temporary or Permanent Differences) Listed below are items that are commonly accounted for differently for financial reporting purposes than they are for tax purposes. For each item below,...
Write a three page paper on Compare and contrast Online Analytic Processing (OLAP) and Online Transaction Processing (OLTP); also discuss Codds rules for TP databases and OLAP databases. Cite any...
Suppose General Motors (GM) stock sells for 25 dollars a share today. The stock will pay a dividend of 2 dollars at the end of the year. The annual risk free rate is 4 percent. (a) What is the...
Identify any clusters, gaps, or outliers. Model Year 2017 Ethanol Flexible Fuel Vehicles 20 16 12 8. 250 300 350 400 450 500 550 600 Driving range (in miles) Frequency
The gas mileages (in miles per gallon) for 24 family sedans Approximate the mean of the frequency distribution. Gas Mileage (in miles per gallon) Frequency 22-27 16 2833 34-39 4045 4
Choose the best answer. The area of a city lot is about (a) 800 m 2 . (b) 800 hm 2 . (c) 800 cm 2 .
5. Suppose an economy can produce two goods, A and B. It is now operating at point E on production possibilities curve RT. An improvement in the technology available to produce good A shifts the...
On June 30, 2016, the Big Three Company purchased equipment from Randall Corp. Big Three agreed to pay Randall $12,000 on the purchase date and the balance in five annual installments of $14,739 on...
There are common change processes that face most organizations. Some of the changes affect the processes of doing business, and some of the changes affect the people within the organization. One of...
V company uses perpetual inventory method. On January 1, 2018, V company 300 units of inventory, each unit costing 1 dollar. On January 10, 2018, the company purchased 400 units of inventory, each...
For the year ended December 31, 2017, Mont Co. recorded pre-tax book income of $600. To compute taxable income for federal income tax purposes, the following items should be noted: Income from...
Despite its reaffirmed monopoly position, Polaroid went bankrupt in 2001 and stopped making instant development cameras in 2007. What happened?
The following selected accounts and normal balances existed at year-end. Notice that expenses exceed revenue in this period. Make the four journal entries required to close the books: Accounts...
A research center claims that 30% of U.S. adults have not purchased a certain brand because they found the advertisements distasteful. You decide to test this claim and ask a random sample of 250...
A research center claims that at least 46% of U.S. adults think that the IRS is not aggressive enough in pursuing people who cheat on their taxes. In a random sample of 600 U.S. adults, 41% say that...
A research center claims that at most 75% of U.S. adults think that drivers are safer using hands-free cell phones instead of using hand-held cell phones. In a random sample of 150 U.S. adults, 77%...
1. Suppose you buy the minimum risk portfolio on margin (MR=0.4) and a risk free rate = 4%. What is your expected return? SHOW ALL WORK PLEASE
40 g Dried Porcini Mushrooms 108 g Olive Oil 100 g Butter, Unsalted 1680 g Onions, Diced 30 g Garlic Cloves, Crushed 1200 g Arborio Rice 3696 g Vegetable Stock 400 g Parmesan 600 g Mozzarella (Fresh)...
Describe the following types of budgets and how they differ from each other: Operating budgets,capital budgets,and financing budgets. From your research and professional interests, which one (yes,...

For the month of October, a credit card has a balance of $115.63 for 12 days, $637.19

Question:

Step by Step Answer:

Balance x 11563 63719 12...View the full answer

Elementary Statistics Picturing The World

Students also viewed these Mathematics questions