Business, 16.06.2021 03:40 jennnifercrd59jc

Suppose that 57% of all people with credit records improve their credit rating within three years. Suppose that 22% of the population at large have poor creditratings within three years. What percentage of then people who will improve their credit records within the next three years are the ones who currently have good credit ratings? ratings, and of those only 25% will improve their credit

Answers: 1

Show answers

Answers

(a) The percentage of people currently have poor credit ratings and will improve their credit records within the next three years is 12.54%.

(b) The percentage of the people who will improve their credit records within the next three years are the ones who currently have good credit ratings is 44.46%.

Explanation:

Note: This question is not properly arranged. It is therefore, properly rearranged before answering the question as follows:

Suppose that 57% of all people with credit records improve their credit ratings within three years. Suppose that 22% of the population at large have poor credit records, and of those only 25% will improve their credit ratings within three years. (a) What percentage of people currently have poor credit ratings and will improve their credit records within the next three years? (b) What percentage of the people who will improve their credit records within the next three years are the ones who currently have good credit ratings?

The explanation of the answers is now provided as follows:

Based on the question, we have:

Percentage that improve credit rating = 57%

Percentage that do NOT improve credit rating = 100% - Percentage that improve credit rating = 100% - 57% = 43%

Percentage with poor credit rating = 22%

Percentage with good credit rating = 100% - Percentage with poor credit rating = 100% - 22% = 78%

Therefore, we have:

(a) What percentage of people currently have poor credit ratings and will improve their credit records within the next three years?

Percentage with poor credit rating that will improve credit records = Percentage with poor credit rating * Percentage that improve credit rating = 57% * 22% = 12.54%

Therefore, the percentage of people currently have poor credit ratings and will improve their credit records within the next three years is 12.54%.

(b) What percentage of the people who will improve their credit records within the next three years are the ones who currently have good credit ratings?

Percentage with good credit rating that will improve credit rating = Percentage that improve credit rating * Percentage with good credit rating = 57% * 78% = 44.46%

Therefore. the percentage of the people who will improve their credit records within the next three years are the ones who currently have good credit ratings is 44.46%.

Answer from: Quest

A- the queen isn’t specified which one so its to capitalized same with nuclear reactors and atomic power plant (aka they aren’t proper nouns)

Answer from: Quest

It's if you can't see their account. much like a twitter block, they might tell you.

Another question on Business

Business, 21.06.2019 20:20

On february 3, smart company sold merchandise in the amount of $5,800 to truman company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. smart uses the perpetual inventory system and the gross method. truman pays the invoice on february 8, and takes the appropriate discount. the journal entry that smart makes on february 8 is:

Answers: 3

Answer

Business, 21.06.2019 21:00

Sheldon has the following year-end account balances: accounts receivable, $5,000; supplies, $12,000; equipment, $18,000; accounts payable, $17,000; stockholders’ equity, $43,000. the cash account balance was not available at year-end. given the account balances listed, the balance in the cash account should be?

Answers: 2

Answer

Business, 22.06.2019 14:50

One pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be:

Answers: 2

Answer

Business, 23.06.2019 04:40

What does bargain in good faith mean?

Answers: 1

Answer

You know the right answer?

Suppose that 57% of all people with credit records improve their credit rating within three years. S...

Questions