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About 74% of Freddie Mac-owned loans were refinanced in the second quarter of 2005 (USA Today, Lifeline, August 3, 2005), resulting in new mortgages carrying loan amounts at least 5% above the original mortgage balance. The median loan refinanced in the second quarter was 2.6 years old.
If a sample size of 2,500 was used to obtain this information,
a. Determine if the sample size for the test is large enough to warrant approximating the sample proportion's distribution with a normal distribution.
b. Use this information to determine if less than 75% of new mortgages had a loan amount at least 5% above the original mortgage balance. Use a test statistic approach with a = 0.025.
true or false 1- 51. if a company is to succeed over the long-term a positive cash flow from operating activities is
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Determine for each plan the earnings per share of common stock, assuming that the income before bond interest and income tax is$2,500,000.
Roberto Sanchez is thinking about purchasing a new car. However, he is concerned about the insurance rates. Before purchasing, he wants to find out the insurance rates on the cars he is evaluating. Select three different car manufacturers and mode..
Explain whether or not you think the argument is convincing by presenting your reasons for this position. If you do not have evidence for your position, you should consult scholarly materials that relate to the position you present.
How confident are you about applying these test-market results to decisions concerning national pricing strategies for pies?
How would you paraphrase the definition of equilibrium price?
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Make the given changes in the indicated examples of this section and then find the indicated slopes. In Example 2, change the point (2, 10) to (3, 18).
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