Answer:
Following are the solution to the given points:
Explanation:
In point 1:
The yield added by the regression equation increases 8.5 times of per each unit of fertilizer.
In point 2:
Definition i.e. describes the percentage of variation. Consequently, the value of Fertilizer variable describes 0.79 percent throughout the variance of the Bushels variable.
In point 3:
At , Bushels has an fertilizer of 60.
In point 4:
The fertilizer should be 100 when bushels are:
In point 5:
Increased that amount of fertilizer will reduce the amount of bushels unless the value of determination was negative.
Answer:
- Monthly Payment for Choice 1=$665.16
- Monthly Payment for Choice 2=$627.10
- Total Closing Cost for Choice 1=$241557.60
- Total Closing Cost for Choice 2=$233456
- (A)Choice 1 be the better choice the monthly payment is higher.
- (D)Choice 2 be the better choice because the monthly payment is lower.
Explanation:
Amount of Loan needed = $140,000
- A point is an optional fee which helps you get a lower interest rate on your loan.
- Closing costs are the fees you pay when obtaining your loan.
<u>Choice 1</u>
30-year fixed rate at 4% with closing costs of $2100 and no points.
Monthly Payment
P=$140,000
Monthly Rate=4% ÷ 12=0.04 ÷ 12=0.0033
n=12 X 30 =360
Monthly Payment=$665.16
Total Closing Cost =(665.16 X 360)+2100=$241557.60
<u>Choice 2</u>
30-year fixed rate at 3.5% with closing costs of $2100 and 4 points.
Monthly Payment
P=$140,000
Monthly Rate=3.5% ÷ 12=0.035 ÷ 12=0.0029
n=12 X 30 =360
Monthly Payment=$627.10
Total Closing Cost =(627.10 X 360)+2100+(4% of 140000)=$233456
Population - 50,000Employed - 46,000Students not looking for work - 2,000
To calculate Boone's unemployment rate you'll use the formula: Unemployment rate = number of people unemployed / labor force
Those that fall into the unemployment category are those that are not working but are actively looking/wanting to work. Students, stay-at-home moms etc that are not wanting to work, though unemployed, to not fall into this category.
The labor force is made up of everyone willing and able to work.
First, let's subtract the students who are not looking for work from the population so get the labor force. 50,000 - 2,000 = 48,000 (labor force)
Next, to get the number of people unemployed let us subtract the labor force of 48,000 by those already employed of 46,000. 48,000 - 46,000 = 2,000
Finally, we are able to calculate the unemployment rate of Boone. Unemployment rate = number of people unemployed / labor forceUnemployment rate = 2,000/48,000= .042 multiply by 100 to get the percentage. 4.2%Unemployment rate of Boone is 4.2%
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<span>During the selling era, the prevalent business philosophy turned from an emphasis on production to an emphasis on advertising and selling.</span>
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