BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

Solutions

Chapter
Section
BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

Use ratio and proportion to solve the following business situations.

If auto insurance costs $6.52 per $1,000 of coverage, what is the cost to insure a car valued at $17,500?

To determine

To calculate: The cost to insure a car of value $17,500, if the auto insurance charges $6.52 per $1000 of the coverage.

Explanation

Given Information:

The auto insurance charges $6.52 per $1000 of coverage.

Formula used:

Cross multiplication method:

To solve the proportional problem by using cross multiplication, follow the steps as mentioned below.

Step 1: Represent the unknowns by a letter.

Step 2: Set the proportion with one ratio, expressed as a fraction on both side of the equal sign.

Step 3: Multiply numerator of the left side ratio with the denominatior of right side ratio and place the product on one side of the equal sign.

Step 4: Multiply denominatior of the left side ratio with the nominatior of right side ratio and place the product on other side of the equal sign.

The step 3 and 4 together is called as cross multiplication.

Step5: Solve for the unknown value.

Calculation:

Consider the auto insurance charges $6.52 per $1000 of coverage.

Suppose that X be the cost to insure a car of value $17,500.

The proportion is $6.52 to $1,000 equals $X to $17,500:

6.521000=X17,500

Apply cross multiplication, this gives,

6

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started
Sect-5.I P-1RESect-5.I P-2RESect-5.I P-3RESect-5.I P-4RESect-5.I P-5RESect-5.I P-6RESect-5.I P-7RESect-5.I P-8RESect-5.I P-9RESect-5.I P-10RESect-5.I P-11RESect-5.I P-12RESect-5.I P-13RESect-5.I P-14RESect-5.I P-15RESect-5.I P-16RESect-5.I P-17RESect-5.I P-18RESect-5.I P-19RESect-5.I P-20RESect-5.I P-21RESect-5.I P-22RESect-5.I P-23RESect-5.I P-24RESect-5.I P-25RESect-5.I P-26RESect-5.I P-27RESect-5.I P-28RESect-5.I P-29RESect-5.I P-30RESect-5.I P-31RESect-5.I P-32RESect-5.II P-11TIESect-5.II P-12TIESect-5.II P-13TIESect-5.II P-14TIESect-5.II P-15TIESect-5.II P-16TIESect-5.II P-17TIESect-5.II P-1RESect-5.II P-2RESect-5.II P-3RESect-5.II P-4RESect-5.II P-5RESect-5.II P-6RESect-5.II P-7RESect-5.II P-8RESect-5.II P-9RESect-5.II P-10RESect-5.II P-11RESect-5.II P-12RESect-5.II P-13RESect-5.II P-14RESect-5.II P-15RESect-5.II P-16RESect-5.II P-17RESect-5.II P-18RESect-5.II P-19RESect-5.II P-20RESect-5.II P-21RESect-5.II P-22RESect-5.II P-23RESect-5.II P-24RESect-5.II P-25RESect-5.II P-26RESect-5.II P-27RESect-5.II P-28RESect-5.II P-29RESect-5.II P-30RECh-5 P-1CRCh-5 P-2CRCh-5 P-3CRCh-5 P-4CRCh-5 P-5CRCh-5 P-6CRCh-5 P-7CRCh-5 P-8CRCh-5 P-9CRCh-5 P-10CRCh-5 P-11CRCh-5 P-12CRCh-5 P-13CRCh-5 P-14CRCh-5 P-1ATCh-5 P-2ATCh-5 P-3ATCh-5 P-4ATCh-5 P-5ATCh-5 P-6ATCh-5 P-7ATCh-5 P-8ATCh-5 P-9ATCh-5 P-10ATCh-5 P-11ATCh-5 P-12ATCh-5 P-13ATCh-5 P-14ATCh-5 P-15ATCh-5 P-16ATCh-5 P-17ATCh-5 P-18ATCh-5 P-19ATCh-5 P-20ATCh-5 P-21ATCh-5 P-22ATCh-5 P-23ATCh-5 P-24ATCh-5 P-25ATCh-5 P-26ATCh-5 P-27ATCh-5 P-28ATCh-5 P-29ATCh-5 P-30ATCh-5 P-31ATCh-5 P-32ATCh-5 P-33ATCh-5 P-34AT

Additional Math Solutions

Find more solutions based on key concepts

Show solutions add

Find the derivatives of the functions in Problems 1-14. 5.

Mathematical Applications for the Management, Life, and Social Sciences

Solve the equations in Exercises 112 for x (mentally, if possible). x1=cx+d(c1)

Finite Mathematics and Applied Calculus (MindTap Course List)

In Exercises 4562, find the values of x that satisfy the inequality (inequalities). 59. x+3x20

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

Define a Type I error and a Type Il error and explain the consequences of each.

Statistics for The Behavioral Sciences (MindTap Course List)

In Exercises 7-10, solve for x or y. 7+y2=3

Calculus: An Applied Approach (MindTap Course List)

Show that if A1, A2, and A3 are independent events, then P(A1 | A2 A3) 5 P(A1).

Probability and Statistics for Engineering and the Sciences

Solve the inequality. 52. |x + 1| 3

Single Variable Calculus: Early Transcendentals

Air is being pumped into a chamber so that after t seconds the pressure in the chamber is 3 + 3x + x2 pounds/in...

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

True or False: converges.

Study Guide for Stewart's Multivariable Calculus, 8th

In Exercises 1 to 6, find cos and cos.

Elementary Geometry for College Students

Find all real solutions of each equation. x2245=1

College Algebra (MindTap Course List)