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The price of a small cabin is $50,000. The bank requires a 5% down payment. The buyer is offered two mortgage options; 20- year fixed at 7% or 30- year at 7%. Calculate the amount of interest paid for each option. How much does the buyer save in interest with the 20-year option?
A. find the monthly payment for the 20 year option and round to the nearest dollar.
B. Find the monthly payment for the 30 year option and round to the nearest dollarC. Calculate the total cost of interest for both mortgage options. How much does the buyer save in interest with the 20 year option ?
Assuming the population variances from both offices are equal, is there evidence of a difference in the mean waiting time between the two offices? Use α = 0.05
A study of injuries to in line skaters used data from the National Electronic Injury Surveillance System, which collects data from a random sample of hospital emergency rooms.
A random sample of 48 managers of large hotels has mean X‾= 5.91. The null hypothesis for the researcher's test is?
This linear regression model was fitted to a sample of size 50 to produce the following regression equation: yhat = 145 + 1.2x1 + 300x2.
Choose and calculate the appropriate analysis to compare the anxiety levels of the participants in the CBT treatment to those in the psychodynamic treatment using posttest scores only.Choose and calculate the appropriate analysis to compare the an..
A counseling psychologist is interested in determining whether the perception of a counselor's expertise is affected by the approach the counselor utilizes.
Detremine the mean, standard deviation, and variance for this frequency distribution.
Families USA, a monthly magazine that discusses issues related to health and health costs, surveyed 20 of its subscribers. It found that the annual health insurance premiums for a family with coverage through an employer averaged $10,979.
Compute the within group variability. Do you require any post hoc testing? Why or why not? Decribe in detail.
What will be measurable data in this case and (assume a survey will be conducted and or data can be obtain). What will be at least two independent variables and one dependent variable. (and assuming they are consistent with the collected data)
Determine (a) the 90% confidence limits, and (b) the 97% confidence limits for an estimate of the mean diameter of all the rivets produced by the machine in a day.
The Minneapolis Tribune ran an article on gender differences in shopping behavior. When 400 women were asked to respond to the question "Where I shop is influenced by which store has a greater variety," 60% answered "Yes.
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