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You are considering of purchasing a house. The house costs $250,000. You have $36,000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30-year mortgage that requires quarterly payments and has an interest rate of 12% per annum compounded monthly.
i. What will your quarterly payment be if you sign up for this mortgage?
ii. How much does your first payment reduce the principal?
iii. How much will you pay in interest in your first payment?
Five pair of shoes print length and height were used to conduct a formal hypothesis test of the claim that there is linear correlation between the two variables. Use the value of r .591and find the appropriate test statistics method at 0.05 signif..
the pulse rates for 13 adult women were as follows. construct a 0.95 confidence interval for the mean pulse rate. give
Opinions on whether or not the legal drinking age should be lowered to 19 years old, collected from a random sample of parents of high school students in the state. Do a majority of adults in the state support lowering the drinking age to 19?
Tim Madsen is the purchasing agent for Computer Center, a large discount computer store. He has recently added the hottest new computer, the Power model, to the store's stock of goods.
What is the probability that the case is measles?- What is the probability that the case is mumps or pertussis?- What is the probability that the case is not Hib meningitis?
suppose that y1 y2 . . . yn denote a random sample from an exponentially distributed population with mean?find the mle
A sparse array can be represented as a vector of rows, with each row represented as a list of nondefault column entries. Thus, the nondefault entry at would appear as an element of list R. The element would contain both its column identification (j)..
question 1a soft drink manufacturer is using a winning cap as a sales promotion. the purchaser can get a prize if they
Give an example in health care management where you would use probability statistics to determine an outcome such as providing raises based on certain financial goals being met?
A pie chart shows the market shares of cola products. The "slice" for Pepsi-Cola has a central angle of 90 degrees. What is its market share.
choose independently two number B and C at random from the interval [-1,1] with uniform distribution, and consider the quadratic equation x^2+Bx+C=0. Find the probability that the roots.
mr. fixs reading class can read a mean of 181 words per minute with a standard deviation of 18 words per minute. the
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