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3 years ago

What is not a good reason to refinance

Mathematics

2 answers:

iragen [17]3 years ago

8 0

Answer: A

Step-by-step explanation: because the three other options are favorable condition to refinance.

A common reason for refinancing is to save money on interest costs.

So therefore, no need to refinance if the mortgage has already been paid off.

Flauer [41]3 years ago

7 0

Answer:

Step-by-step explanation:

The answer is A because all of the other options are favorable circumstances to refinance. There's no need to refinance if the loan in question (a mortgage in this case) has already been paid off.

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3 years ago

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2 years ago

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kirill [66]

Answer:

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3 years ago

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Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal probability distribution

Problems of normally distributed samples are solved using the z-score formula.

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$Z = \frac{X - \mu}{\sigma}$

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Central Limit Theorem

The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean $\mu$ and standard deviation $\sigma$ , the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean $\mu$ and standard deviation $s = \frac{\sigma}{\sqrt{n}}$ .