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1. As part of your retirement planning, you purchase an annuity that pays 5.5% annual interest compounded quarterly
a. If you make quarterly payments of $1200 how much will you have saved in 5 years?
b. Instead, if you make quarterly payments of $600, how much will you have saved in 10 years?
2. You plan to purchase a house for $550,000 and you will make a 20% down payment. You are evaluating two mortgages a 30-year fixed mortgage at 2.75% and a 15-year fixed mortgage at 2.12%. Your goal is to have a monthly payment that fits within your budget.
a. Which mortgage will give you the lowest monthly payment? What will that payment be? How much less will this be than the other monthly mortgage payment?
b. Assuming you take the full term of the mortgage, which mortgage will result in you paying the most interest? What will that interest be?
When looking at a graph of an A x B interaction, describe the pattern that indicates that the interaction is possibly significant.
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Let A be the event of winning. Based on the rules used in almost all casinos, P(A) = 244/495. Describe the event A and find the value of P(A).
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Investigate the cost of a home mortgage and to determine the monthly payment.
Increasing the sample size of an opinion poll will reduce the (a) bias of the estimates made from the data collected in the poll.
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Suppose that you want to compare the mean size of health care claims submitted by five groups of policyholders. Ten claims are randomly selected from amongst the existing claims for each of the five groups. The data is shown in the following table..
A salted caramel mocha is 6$ and a regular coffee is $2.50. Write out the sample space for this experiment. Write out X
birthweights at a local hospital have a normal distribution with a mean of 110 oz. and a standard deviation of 15 oz.
At the 5% significance level, do the levels of Factor B differ? At the 5% significance level, do the levels of Factor A differ?
What is the effectiveness of using balanced scorecard in healthcare? How is a balanced scorecard misused in healthcare?
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