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3 years ago

The APR can be used to compare different loans. True False

Mathematics

2 answers:

Aleonysh [2.5K]3 years ago

4 0

Answer:

The given statement is TRUE

Step-by-step explanation:

APR is the abbreviated form of Annual Percentage Rate.

This is a type of measurement which is used to compare different loans, the Annual Percentage Rate takes into consideration the following factors : associated loan's interest rate, loan interest term, and fees to calculate the total cost of credit expressed as a yearly rate.

Therefore, The lower the Annual Percentage Rate, the lower the total cost of the loan.

Hence, The given statement is TRUE

And the Annual Percentage Rate or APR can be used to compare different loans.

hichkok12 [17]3 years ago

3 0

The answer to this question is true.

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According to a recent survey, the population distribution of number of years of education for self-employed individuals in a c

strojnjashka [21]

Answer:

a) $n=100,\,\mu_s = 14.7, \,\sigma_s=0.32$

b) $n=400,\,\mu_s = 14.7, \,\sigma_s=0.16$

c) "a.The mean of the sampling distribution stays the same, but the standard error decreases."

Step-by-step explanation:

a) We have a population with mean of 14.7 and standard deviation of 3.2.

We have to calculate the parameters of the sampling distribution (mean and standard deviation), for a sample size of n=100.

The mean for the sampling distribution is the same of the population:

$\mu_s=\mu=14.7$

The standard deviation of the sampling distribution is related to the population standard deviation by the inverse of the square of the sample size:

$\sigma_s=\sigma/\sqrt{n}=3.2/\sqrt{100}=3.2/10=0.32$

b) For a sample size of n=400, the mean is the same (14.7), but the standard deviation becomes:

$\sigma_s=\sigma/\sqrt{n}=3.2/\sqrt{400}=3.2/20=0.16$

c) "a.The mean of the sampling distribution stays the same, but the standard error decreases."

As we calculated, the standard error decreases as the sample size increases. This is because the variability of the variable is reduced as the sample size is bigger.

The mean stays the same independently of the sample size.

7 0

3 years ago

Simplificar 2/3+1/5+2/4

beks73 [17]

Answer:

41/30

Step-by-step explanation:

2/3 + 1/5 + 2/4

= 41/30

6 0

3 years ago

An isosceles triangle with legs of 8 cm and a base of 10 cm in length has a median drawn

bazaltina [42]

Answer:

89 cm and vertex 8cm length of the seng.ent 10 cm

7 0

2 years ago

Plot the intercept 7x-3y=21

kipiarov [429]

First you have to get it to y intercept for which is y=mx+b so you would subtract 7x and bring it to the other side so now u have -3y=7x+21 next u would divide -3 to get y alone so u would have now is y= -7/3x+ 7 then when u graph it the y intercept is 7 so u graph 7 on the y axis and the slope is -7/3 so u would go down 7 and over 3

6 0

3 years ago

How many different vacation combinations do you have to choose from?

olga_2 [115]

Answer:

12 different vacation caombinations

Step-by-step explanation:

has 3 options of Theme Park and 4 options of length of trip

$C=(3)(4)=12$

Hope this helps

3 0

2 years ago