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Mort is to pay off a loan of $75,000 with equal payments at the end of every month over 10 years (i.e., 120 months). The ANNUAL effective rate is 5%. Mort decides that he can actually manage to pay double the monthly payment each month. How many MONTHS will it take him to pay off the loan? (Include the final month where the last payment will be smaller than all the rest.)
Classify each of the following random variables as discrete or continuous.
What is the standard deviation for the number of accessory sales? Express your answer to two decimal places.
A box of colored crayons contains 13 distinct colors. In how many ways can 9 colors be chosen, assuming that the order of the colors chosen doesn't matter?
Predict the final average of a student who made an 83 on the first test. Give the value of r and r squared for this model. Interpret the value of r squared in the context of this problem.
Comparing the answers to (a) and (b), for what range of values of t statistics would the hypothesis test conclusion differ between using the t or normal
We select a random sample of college graduates employed full-time and find that the mean of the sample is 36 hours and that the standard deviation is 5 hours.
The following is a random sample of the wealth, in billions of U.S. dollars, of individuals listed on the Forbes "Billionaires" list for 2007.- Construct a 90% confidence interval for the average wealth in $ billions for the people on the Forbes li..
Explain the meaning of the variance of a random variable. What are possible uses of the variance?
a study considered the question are you a registered voter? accuracy of response was confirmed by a check of city
If 5adult smartphone users are randomly? selected, find the probability that at least 2 of them use their smartphones in meetings or classes.
(Suboptimality of a Feasible Flow Satisfying -CS) Let x∗ be an optimal flow vector for the minimum cost flow problem and let x be a feasible flow vector satisfying -CS together with a price vector p.
1. mention the characteristics of statistics. explain any two applications of statistics.2. distinguish between primary
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