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A couple wishes to borrow money using the equity in their home for collateral. A loan company will loan them up to 70% of their equity. They purchased their home 12 years ago for $77,444. The home was financed by paying 15% down and signing a 30- year mortgage at 9.3% on the unpaid balance. Equal monthly payments were made to amortize the loan over the 30-year period. The next market value of the house is now $100,000. After making their 144th payment, they applied to the loan company for the maximum loan. How much (to the nearest dollar) will they receive?
Amount of Loan= ___________
in order to determine the summer unemployment rate among college students a pilot sample was taken and it was
Express Courier Service has found that the delivery time for packages is normally distributed, with mean 13 hours and standard deviation 2 hours.
The average amount of time between a score by either team in college soccer games is 15.2 minutes.
It is important for airlines to know the approximate total weight of the baggage carried on each airplane. An airline researcher believes that the mean baggage for each adult is 60 kg. To test his belief, he draws a random sample of 50 adult passenge..
Run a chi square goodness of fit using Type of Purchasing (PurType) as the variable with all categories equal and report the observed and expected values and the tests of statistical significance.
let et wn02. state for each of the following model whether it is stationary and whether it is invertible. explain your
Compute the 3.9% confidence interval on the mean. Which confidence interval is more practical and useful in a business situation? Why?
question3.1 3.7 3.2 4.0 3.1 4.1 3.7 3.8 3.7 3.4 3.5 3.7 3.9 3.2 3.7 3.6 3.8 3.5 3.7 3.6 4.1 3.3 3.2 3.8 3.8 3.5 3.8 4.0
An experiment was conducted to compare the effectiveness of three training programs, A, B, and C, in training assemblers of a piece of electronic equipment.
The following 4 questions (Q1 to Q4) are based on the following information:You and your friends have decided to go to The Kentucky Derby. There are 12 horses inthe race. How many ways can the horses come in first, second, or third?
ethical behavior of business students at rocky universityduring the global recession of 2008 and 2009 there were many
David Gallano, a wine merchant, has collected opinions on grape wine quality from a sample of his customers. These customers tasted wine made from grapes grown in three regions of the country.
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