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kodGreya [7K]
3 years ago
5

Conrad Jennings�s monthly take home pay is $3500. He has a $600 mortgage payment, $300 car payment, $500 student loan payment, a

nd credit card payments in the amount of $1000. Calculate his debt-to-income ratio. A. 29% B. 31% C. 37% D. 69%
Mathematics
1 answer:
serg [7]3 years ago
3 0
All his debt adds up to $1100. 

The ratio is 1100/3500

1100/3500 = x/100  ~ cross multiply 

The answer is: B. 31%
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Step-by-step explanation:

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In this case, number of participants in the course was independent.

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Dependent variable is the one being tested and measured. If the independent variable changes, this variable will show the effect of the changes.

<em>The variables can be determined by their cause and effect on the experiment.</em>

TYPES OF SCALES:

<em>There are two variations in types of scales; Quantitative and Qualitative.</em>

<em>Qualitative variables are measured by either nominal or ordinal scale, while quantitative variables are measured by ratio or interval.</em>

  • Nominal scale:

Nominal scales assign identifiers as labels to objects or classes of objects. The  assigned numbers carry no additional meaning except as identifiers for example: patient A, patient B etc.  

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Ordinal scales assign numbers to objects to rank  an attribute. For example: Level of pain 1 - 10, Level of satisfaction etc.

  • Interval:

In an interval scale, numbers are  assigned to objects such that the interval helps in interpretation of the variables. For example: age of patients: 30 - 40, 40 - 50 etc.

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Ratio scales includes an absolute “zero” point. For example, Rate of arthritis in patients of a particular age etc.

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Step-by-step explanation:

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