Answer:
The correct answer to the following question will be "70.56".
Step-by-step explanation:
The given values are:
Loan requires, PV = $100,000
Years = 20
Number of months, n = 240
Rate interest = 4.90000%
Monthly rate, r = 0.408333%
Monthly rental payment = $725
As we know,
On putting the values in the above formula, we get
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Now,
On putting the values, we get
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Answer:
a) For this case the histogram is not too skewed and we can say that is approximately symmetrical so then we can conclude that this dataset is similar to a normal distribution
b) For this case the data is skewed to the left and we can't assume that we have the normality assumption.
c) This last case the histogram is not symmetrical and the data seems to be skewed.
Step-by-step explanation:
For this case we have the following data:
(a)data = c(7,13.2,8.1,8.2,6,9.5,9.4,8.7,9.8,10.9,8.4,7.4,8.4,10,9.7,8.6,12.4,10.7,11,9.4)
We can use the following R code to get the histogram
> x1<-c(7,13.2,8.1,8.2,6,9.5,9.4,8.7,9.8,10.9,8.4,7.4,8.4,10,9.7,8.6,12.4,10.7,11,9.4)
> hist(x1,main="Histogram a)")
The result is on the first figure attached.
For this case the histogram is not too skewed and we can say that is approximately symmetrical so then we can conclude that this dataset is similar to a normal distribution
(b)data = c(2.5,1.8,2.6,-1.9,1.6,2.6,1.4,0.9,1.2,2.3,-1.5,1.5,2.5,2.9,-0.1)
> x2<- c(2.5,1.8,2.6,-1.9,1.6,2.6,1.4,0.9,1.2,2.3,-1.5,1.5,2.5,2.9,-0.1)
> hist(x2,main="Histogram b)")
The result is on the first figure attached.
For this case the data is skewed to the left and we can't assume that we have the normality assumption.
(c)data = c(3.3,1.7,3.3,3.3,2.4,0.5,1.1,1.7,12,14.4,12.8,11.2,10.9,11.7,11.7,11.6)
> x3<-c(3.3,1.7,3.3,3.3,2.4,0.5,1.1,1.7,12,14.4,12.8,11.2,10.9,11.7,11.7,11.6)
> hist(x3,main="Histogram c)")
The result is on the first figure attached.
This last case the histogram is not symmetrical and the data seems to be skewed.
