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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?
the registrar of a large university knows that 30 of the students come to college with credit for an advance placement
What is the standard deviation for the average time?- Use the 95 part of the 68-95-99.7 rule to describe the variability of this sample mean.
an experiment was designed to estimate the mean difference in weight gain for pigs fed ration a as compared with those
GA508 - Identify the level of data measurement for the variables: Size, Displacement, Cylinders, Drive, Fuel Type, City MPG and Hwy MPG. Give reasons for your answer and Calculate and comment on the 95% confidence interval for the population mean o..
one-sixth of the male freshmen entering a large state school are out-of-state students. if the students are assigned at
Conduct the most appropriate hypothesis test using a 0.05 significance level. Construct a 95% confidence interval for the true proportion of automobiles with drive trains that fail.
in a manufacturing process a quality control inspector selected three items at random. items can be either defective or
a screening test which measures the level of a prostate speific antigen psa is a commonly used tool for the detection
Find the probability that in a given year a) exactly one major hurricane will strike the U.S. mainland, b) at most one major hurricane will strike the U.S. mainland.
question it is known that the number of business failure in usa per hour is distributed as poisson with mean micro
Let n be number of documents in (millions) labeled as classified in year that is t years since 2000. Determine the equation of linear model to explain the data.
The retailer's managers would like to know if they can evaluate this sampling plan using a binomial distribution with n = 50 and p = 0.02.
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