I believe the answer would be 13.75 but i’m not completely sure on this so correct me if i’m wrong
You are told to ignore the amount of principal paid, so you are apparently to assume the loan amount was for $50 thousand.
a) The old monthly payment was $10.67×50 = $533.50
b) The new monthly payment is $11.72×50 = $586.00
c) The increase in monthly payment is figured in the usual way:
... (new/old -1)×100% = (1.0984-1)×100% = 9.84%
_____
In reality, about 3% of the loan will have been paid at the end of 2 years. Thus, the original loan amount may have been near $51,500. This problem is telling you to ignore the difference.
the graph will shift 3 units to the right
116 degrees. It’s simple.
56 is what the low was, but the high was 60 more.
Therefore,
56+60=116
Answer:
The correct option is;
(B) Yes, because sampling distributions of population proportions are modeled with a normal model.
Step-by-step explanation:
Here we have the condition for normality being that where we have a population with a given mean and standard deviation, while a sufficiently large sample is drawn from the population while being replaced, the distribution of the sample mean p will be distributed normally according to central limit theorem.
