Answer:
Check the explanation
Step-by-step explanation:
Let
and
be sample means of white and Jesse denotes are two random variables.
Given that both samples are having normally distributed.
Assume
having with mean
and
having mean 
Also we have given the variance is constant
A)
We can test hypothesis as

For this problem
Test statistic is

Where

We have given all information for samples
By calculations we get
s=2.41
T=2.52
Here test statistic is having t-distribution with df=(10+7-2)=15
So p-value is P(t15>2.52)=0.012
Here significance level is 0.05
Since p-value is <0.05 we are rejecting null hypothesis at 95% confidence.
We can conclude that White has significant higher mean than Jesse. This claim we can made at 95% confidence.
Answer:
The monthly mortgage payment is $ 8306.58
Step-by-step explanation:
Given as :
The loan taken as $ 600,000
The rate of interest = 5.5 %
The time period = 30 Years
So, from compounded method
Amount = principal × 
or, Amount = $ 600,000 × 
Or, Amount = $ 600,000 ×
∴ Amount = $ 2990370.77
<u>Now for The monthly mortgage payment </u>
∵ Time period is 30 years
So , 30 years = 12 × 30 = 360 months
∴ Amount payment in monthly =$ 
Or, Amount payment in monthly =$ 8306.58
Hence The monthly mortgage payment is $ 8306.58 Answer
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