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Olena loans her sister Irini $8,000. The loan is to be repaid at the nominal interest rate of 4.8% payable monthly. The monthly payments are to be for $100 except for final smaller payment. How much does Irini owe Olena at end of one year?
Statistics and Probability, Statistics
A mortgage broker is offering a $188,900 20-year mortgage with a teaser rate. In the first two years of the mortgage, the borrower makes monthly payments on only a 4.5 percent APR interest rate. After the second year, th ...
A process is normally distributed with a mean of 104 rotations per minute and a standard deviation of 8.2 rotations per minute. If a randomly selected minute has 118 rotations per minute, would the process be considered ...
You have a bag with three fair dice. One is 4-sided, one is 6-sided, and one is 12-sided. You reach into the bag, pick one die at random, and roll it. The outcome of the roll is 4. What is the probability that you rolled ...
A manufacturer obtains? clock-radios from three different? subcontractors: 10?% from? A, 30?% from? B, and 60?% from C. The defective rates for these subcontractors are 3?%, 2 %, and 5?% respectively. If a defective? clo ...
A researcher is working on a study that examines the wellbeing of older adults. She has an interest in finding if there is a difference in life satisfaction scores (measured on a multi-item Likert scale) by ethnicity (Af ...
Confidence intervals (CI) are one of the simpler forms of inferential statistics. What does the CI represent? And why does our knowledge of the Central Limit Theorem (CLT) and the empirical rule let us understand why the ...
A hypothetical population consists of eight individuals ages 13, 15, 17, 21, 22, 23, 26, and 30 years. (Enter your answers to three decimal places.) (a) What is the probability that a person in this population is a teena ...
Large purple dress INC. HAS SOME BOND OUTSTANDING WITH A 6.25% COUPON AND FOUR YEARS REMAINING UNTIL maturity. Since these bond were issued, interest rates has increased, these bonds are now trading at a 7.375% YTM. Reme ...
What are the ways that IT can help comply with legal requirements and social responsibilities surrounding the sales of alcohol?
Suppose you just purchased a digital music player and have put 9 tracks on it. After listening to them you decide that you like of the songs. With the random feature on your? player, each of the 9 songs is played once in ...
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