Question

if you put ​$7650 in the atm each​ day, what percent of the days in a month should you expect to run out of​ cash? please provide a beak-down of how to get both answers.

Answer 1

The student's question is unclear on the scenario regarding the ATM and running out of cash. However, a related calculation provided shows how to determine the amount available for discretionary spending when given an annual income and monthly expenses

Step-by-step explanation:

The student's question appears to concern understanding a probability scenario or a budgeting calculation, but it seems to be incomplete as-is. There is not enough context given to answer the part about running out of cash. For a more typical budgeting example, if you take home $50,000 per year, and you have a monthly rent of $2,000 and other monthly expenses amounting to $1,000, we can calculate the discretionary spending as follows:

1. Divide the annual income by 12 to find the monthly income: $50,000 / 12 = $4,166.67.
2. Add up the monthly expenses: $2,000 (rent) + $1,000 (other expenses) = $3,000.
3. Subtract the monthly expenses from the monthly income to get discretionary spending: $4,166.67 - $3,000 = $1,166.67.

Therefore, there would be approximately $1,166.67 left per month for discretionary spending.