In a staff meeting called to address the problem of returned cheques at the supermarkets where you are interning as a financial analyst, the bank reports that 12 percent of all cheques are returned for insufficient funds, and of those, in those 50 percent of cases, there was cash given back to the customer. overall ,10 percent of customers ask for cash back at the end of their transaction with the store. For 1,000 customer visits, how many transactions will involve: (f) insufficient funds? (g) Cash back to the customer? (h) Both insufficient funds and cashback? (i) Either insufficient funds or cash back?
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
In a staff meeting called to address the problem of returned cheques at the supermarkets where you are
interning as a financial analyst, the bank reports that 12 percent of all cheques are returned for insufficient
funds, and of those, in those 50 percent of cases, there was cash given back to the customer. overall ,10
percent of customers ask for cash back at the end of their transaction with the store. For 1,000 customer
visits, how many transactions will involve:
(f) insufficient funds?
(g) Cash back to the customer?
(h) Both insufficient funds and cashback?
(i) Either insufficient funds or cash back?
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