Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

You and your friend join a new gym that requires a one-time joining fee and monthly payments. (10 pts)

a. If your friend stays with this gym for 2 years and pays $865 while you stay for 15 months and pay $550, find the linear function that models this data with the cost of gym membership, C, in terms of the number of months attended, m.

b. What is the cost per month and what is the joining fee?

c. Find the cost for staying with the gym for 3 years.

d. Determine the maximum number of months one can stay with this gym for $1000.

f. After 11 months at the gym your total bill is $425. Is this what the equation predicted your bill would be? If not, calculate and explain the residual value.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91020194

Have any Question?


Related Questions in Statistics and Probability

Anystate auto insurance company took a random sample

Anystate Auto Insurance Company took a random sample of 388 insurance claims paid out during a 1-year period. The average claim paid was $1575. Assume  σ  = $240. Find a 0.90 confidence interval for the mean claim paymen ...

Acme airlines flies airplanes that seat 20 passengers from

Acme Airlines flies airplanes that seat 20 passengers. From experience, they have learned that, on average, 85% of the passengers holding reservations for a particular flight actually show up for the flight. If they book ...

How do i figure a cusomers expected return when borrowing

How do I figure a cusomer's expected return when borrowing money? Example, the customer wants an investment that costs $100 and considers borrowing $80 for one year at 4.6% to help pay for the investment. What is the cus ...

The accompanying table presents the number of individuals

The accompanying table presents the number of individuals by smoking and disease status. What are the odds that a smoker will get Disease A? That a nonsmoker will get disease A? What is the odds ration?  Disease A Smokin ...

Suppose a soccer team wins each of its games with

Suppose a soccer team wins each of its games with probability 0.4, loses with probability 0.4, and ties with probability 0.2, with each game's outcome independent. Their season starts, and they play a game every day.Let  ...

The standard deviation of the market-index portfolio is 45

The standard deviation of the market-index portfolio is 45%. Stock A has a beta of 1.20 and a residual standard deviation of 55%. a-1. Calculate the total variance of stock A if its beta is increased by 0.20?  (Do not ro ...

Discuss the core business objectives and the primary focus

Discuss the core business objectives and the primary focus of the financial business model.

According to recent study 143 of 453 technology ceos from

According to recent? study, 143 of 453 technology CEOs from around the world responded that technological advances will transform their business and 85responded that resource scarcity and climate change will transform th ...

The probability of the mets winning a game against the

The probability of the Mets winning a game against the Diamondbacks is 3/4. If they are playing a three-game series this weekend, what is the probability that the Mets will win at least 2 out of 3 games?

A fifteen percent of the us population is greater than 65

A. Fifteen percent of the U.S. population is greater than 65 years of age. If a sample of 100 persons is chosen, what is the probability that fewer than 10 are more than 65 years old? B. In a sample of size 100 from the ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As