Drag each tile to the correct box.
Match each type of lending Institution to its description.
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Mathematics, 27.10.2020 18:10, starfox5454
Drag each tile to the correct box.
Match each type of lending Institution to its description.
1bank
2credit union
3consumer finance company
4payday lender
A. provides credit for a wide variety of purposes and periods of time
B. offers short-term credit at very high interest rates
C. typically provides credit for purchasing items on an installment basis
D. provides credit only to the organization's members
Answers: 2
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Mathematics, 21.06.2019 23:30, bbby2
Aprisoner is trapped in a cell containing three doors. the first door leads to a tunnel that returns him to his cell after two days of travel. the second leads to a tunnel that returns him to his cell after three days of travel. the third door leads immediately to freedom. (a) assuming that the prisoner will always select doors 1, 2 and 3 with probabili- ties 0.5,0.3,0.2 (respectively), what is the expected number of days until he reaches freedom? (b) assuming that the prisoner is always equally likely to choose among those doors that he has not used, what is the expected number of days until he reaches freedom? (in this version, if the prisoner initially tries door 1, for example, then when he returns to the cell, he will now select only from doors 2 and 3.) (c) for parts (a) and (b), find the variance of the number of days until the prisoner reaches freedom. hint for part (b): define ni to be the number of additional days the prisoner spends after initially choosing door i and returning to his cell.
Answers: 1
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