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#1.Decreasing the number of years of a loan decreases the amount of interest repaid over the term of the loan. Suppose a dental hygienist has the option of a 30-year loan or a 25-year loan of $345,000 at an annual interest rate of 4.25%.
(a) Calculate the monthly payment (in dollars) for each loan. (Round your answers to the nearest cent.)30-year loan$ 25-year loan$
(b) Calculate the savings in interest (in dollars) by using the 25-year loan. (Round your answer to the nearest cent.)
#2.A credit card bill for $559 was due on September 14. Purchases of $289 were made on September 19, and $18 was charged on September 28. A payment of $350 was made on September 25. The annual interest on the average daily balance is 19.5%. Find the finance charge due (in dollars) on the October 14 bill. (Use 365 for the number of days in a year. Round your answer to the nearest cent.)
If we were to assume that 5% of all products sold are defective, what is the probability of randomly selecting 100 products and finding that 8.59
Which statistics would you use to identify the center and spread of this distribution? Why?- How many parks would you classify as outliers? Explain.
Develop a joint probability table for these data. If a student goes full time, determine the probability that school quality is first reason for selecting a school?
A roller-coaster car with a mass of 650 kg starts at rest from a point 32 m above the ground. At point B, it is 16 m above the ground.
An experiment consists of throwing a fair die until two successive results are the same. Construct a mathematical model that describes the experiment.
For the linear-by-linear association model applied with column scores {vj = j }, show that the adjacent-category logits within row i have form (6.6) and the row scores {ui} with the levels of x. In fact, the two models are equivalent. The logit r..
Assume the number of gallons sold follows the normal distribution with a population standard deviation of 5.10 gallons. A random sample of 60 days shows that the mean daily number of gallons sold is 10.00. What is the point estimate of the populat..
Established that the relation between age, and weight is somewhat linear. He calculated that the correlation between age and weight is 0.514. Describe the association.
Find the probability of selecting a male and find the probability of selecting a female manager and compute the probability of selecting a male worker given that he is labor.
The moment generating function of normal distributed random variable ,Y, with mean and variance .derive the moment generating function of X=-3Y+4.what is the distribution of X? why?
Describe the sampling distribution of X. - What is the mean of this sampling distribution?- What is the standard deviation of this sampling distribution?
In a hospital study, it was found that the standard deviation of the sound levels from 20 randomly selected areas designated "casualty doors" was 4.1 dBA and the standard deviation of 24 randomly selected areas designated as "operating theaters" w..
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