<h3>
Answer: 13/28</h3>
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Reason:
The table shows he got 26 heads out of 26+30 = 56 coin flips.
26/56 = (2*13)/(2*28) = 13/28 is the empirical or experimetnal probablity of getting heads.
Side note: 13/28 = 0.4643 = 46.43% approximately which is fairly close to 50%
Answer:
If Dominic buys 2 points (2% of the loan value) he will get a better rate and hence less payment. The question is asking how long will it take him to save the initial investment of 2% of the loan value due to a smaller payment. The monthly payment at 5.45% is $1,146.43, the monthly payment for 5.2% is $1,118.66. This is a difference of $27.77 per month. The 2 points will cost him $3,752.00. The question is asking how long will it take Dominic to re-coup his $3,752.00 if he saves $27.77 per month. Just divide the 2 numbers and you get 135.10 months. If you divide that by 12 you get 11.26 years, which is roughly 11 years, 4 months.
Step-by-step explanation:
Here is what the question is asking. If Dominic buys 2 points (2% of the loan value) he will get a better rate and hence less payment. The question is asking how long will it take him to save the initial investment of 2% of the loan value due to a smaller payment. The monthly payment at 5.45% is $1,146.43, the monthly payment for 5.2% is $1,118.66. This is a difference of $27.77 per month. The 2 points will cost him $3,752.00. The question is asking how long will it take Dominic to re-coup his $3,752.00 if he saves $27.77 per month. Just divide the 2 numbers and you get 135.10 months. If you divide that by 12 you get 11.26 years, which is roughly 11 years, 4 months.
Answer:
The second graph.
Step-by-step explanation:
The first graph has a negative slope, so that can't be the right answer.
The last graph isn't steep enough to show a rate of 2.5.
This leaves us with the middle graph which is correct.
It may be can be number 1 (a)
