A Major Credit Card Company Has Determined That Customers Charge

question 28

Essay

A major credit card company has determined that customers charge between $100 and $1,100 per month. If the monthly amount charged is uniformly distributed, the average charge would be ______.

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Definitions:

Partnership Obligation

Duties and responsibilities that partners within a partnership have towards the partnership and each other.

Liable

Legally responsible for an act or a consequence.

Dissociation

The process or action by which a member of an entity such as a partnership or association formally ends their association with, or participation in, that entity.

Retiring Partner

A partner who leaves a partnership, ending their association with the business.