Answer:
0.682
Step-by-step explanation:
continuing the iteration from x₃ giving in the question
x₃ = 0.728
x₄ = 0.653
x₅ = 0.701
x₆ = 0.671
x₇ = 0.690
x₈ = 0.678
x₉ = 0.685
x₁₀ = 0.680
x₁₁ = 0.683
x₁₂ = 0.681
x₁₃ = 0.682
x₁₄ = 0.681
x₁₅ = 0.682
x₁₆ = 0.682
x₁₇ = 0.682
The equation converges to 0.682
Answer:
$43,875.15
Step-by-step explanation:
Given:
The property is sold in Redondo Beach
cost of the property sold = $13,295,500
Now,
In Redondo Beach
The County Documentary Transfer Tax rate = 0.11%
and, the City Documentary Transfer Tax = 0.22%
therefore,
The Total Documentary Transfer Tax rate for the property in Redondo Beach
= County Documentary Transfer Tax + City Documentary Transfer Tax
= 0.11% + 0.22%
= 0.33%
Hence,
The documentary transfer tax
= Total tax rate × Cost of the property sold
= 0.33% × $13,295,500
= 0.0033 × $13,295,500
= $43,875.15
Answer:D)
Step-by-step explanation:
Answer:
Test statistic is -1.8975
The mean number of days until a home is sold is not different than the Hamilton county mean of 86 days in the nearby county.
Step-by-step explanation:
Null hypothesis: The mean number of days until a home is sold in the nearby county is the same as Hamilton county.
Alternate hypothesis: The mean number of days until a home is sold in the nearby county is different from Hamilton county.
Z = (sample mean - population mean) ÷ sd/√n
sample mean = 80 days
population mean = 86 days
sd = 20 days
n = 40
Z = (80 - 86) ÷ 20/√40 = -6 ÷ 3.162 = -1.8975
Assuming a 0.05 significance level, the critical value for a two-tailed test lies between -1.96 and 1.96
Conclusion: Since the test statistic -1.8975 falls within the region bounded by -1.96 and 1.96, fail to reject the null hypothesis