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Solution: Using the ordinary dating method, calculate the discount date and the net date

Contemporary Mathematics | 6th Edition | ISBN: 9780538481267 | Authors: Robert Brechner ISBN: 9780538481267 378

Solution for problem 14 Chapter SECTION IV

Contemporary Mathematics | 6th Edition

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Contemporary Mathematics | 6th Edition | ISBN: 9780538481267 | Authors: Robert Brechner

Contemporary Mathematics | 6th Edition

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Problem 14

Using the ordinary dating method, calculate the discount date and the net date for the following transactions. July 8 4/25, n/90

Step-by-Step Solution:
Step 1 of 3

STAT 110 – Notes for Week of 9/27/16  Chapter 13 Continued o Normal curve: a symmetric bell-shaped curve.  A normal curve is described by its mean and standard deviation.  The mean of a normal curve identifies the center of a distribution. The mean determines the location of the curve on a graph.  The standard deviation determines the shape of a normal curve; as the standard deviation gets larger, the normal curve becomes more spread out and the peak of the curve is less sharp. o 68-95-99.7 Rule (Empirical Rule): in a normal distribution with a normal curve, about 65% of the data fall within one standard deviation of the mean, about 95% of the data fall within two standard deviations of the mean, and about 99.7% of the data fall within three standard deviations of the mean.  When the curve is broken up into six standard deviations (three standard deviations on either side of the mean), 34% of the data fall in each first standard deviation of either side of the mean; 13.5% of the data fall in each area between the first standard deviation and the second standard deviation on either side of the mean, and 2.35% of the data fall in each area between the second deviation and the third deviation on either side of the mean.  Essentially, this means

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Chapter SECTION IV, Problem 14 is Solved
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Textbook: Contemporary Mathematics
Edition: 6
Author: Robert Brechner
ISBN: 9780538481267

Contemporary Mathematics was written by and is associated to the ISBN: 9780538481267. The answer to “Using the ordinary dating method, calculate the discount date and the net date for the following transactions. July 8 4/25, n/90” is broken down into a number of easy to follow steps, and 21 words. The full step-by-step solution to problem: 14 from chapter: SECTION IV was answered by , our top Statistics solution expert on 03/13/18, 06:38PM. This textbook survival guide was created for the textbook: Contemporary Mathematics, edition: 6. This full solution covers the following key subjects: . This expansive textbook survival guide covers 25 chapters, and 765 solutions. Since the solution to 14 from SECTION IV chapter was answered, more than 252 students have viewed the full step-by-step answer.

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Solution: Using the ordinary dating method, calculate the discount date and the net date