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3 years ago

Please select the word from the list that best fits the definition

1 answer:

meriva3 years ago

8 0

The truth in the loan policy requires that a creditor to notify the borrowers of what money is going to cost them before using it.

Explanation:

The Truth in Loaning Act (TILA) is a national law enacted in 1968 that guarantees consumer protection and informs consumers of the true cost of borrowing. To order to ensure that customers can easily equate shop interest rates and terms, TILA allows loan requirements to be reported in a readily understandable manner.

The TILA proposes laws related for closed accounts (for example, home and car loans) or open accounts (for example, credit cards). It does not limit the amount of interest that banks can pay or offer a loan to banks.

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Golf-course designers have become concerned that old courses are becoming obsolete since new technology has given golfers the ab

goldfiish [28.3K]

Complete Question:

Golf-course designers have become concerned that old courses are becoming obsolete since new technology has given golfers the ability to hit the ball so far. designers, therefore, have proposed that new golf courses need to be built expecting that the average golfer can hit the ball more than 230 yards on average. suppose a random sample of 152 golfers be chosen so that their mean driving distance is 229.9 yards. the population standard deviation is 41.4. use a 5% significance level.

Calculate the followings for a hypothesis test where H0:μ = 230 and H1:μ < 230 :

(a) The test statistic is _____

(b) The P-Value is _____

The final conclusion is:

Answer:

t - statistic = -0.02977977

p value = 0.488753

There is no sufficient evidence to warrant rejection of the claim that the mean driving distance is equal to 230

Explanation:

Number of samples(n) = 152

Significance level = 5%

sample standard deviation(s) = 41.4

sample Mean (x) = 229.9

H0:μ = 230 and H1:μ < 230

A.) The test statistic can be calculated using the formula;

t = (x - μ) ÷ (s/sqrt(n))

t = (229.9 - 230) ÷ (41.4/sqrt(152))

t = -0.1 ÷ 3.3579834174

t-statistic = -0.02977977

Using the p value calculator on the t-statistic value at a significance level of 0.05;

The p-value is 0.488753

With the p value sufficiently greater than 0.05, There is no sufficient evidence to warrant rejection of the claim that the mean driving distance is equal to 230

7 0

4 years ago

Renee, a project manager, is responsible for developing a project plan for her new project. To do so, she needs to consider all

Serggg [28]

Answer:

A) FMEA

Explanation:

the project is moced developing the make list

7 0

3 years ago

Who listen to ebk jaaybo

klemol [59]

Answer:

never heard of that person

Explanation:

7 0

3 years ago

Read 2 more answers

In which type of operations are you likely to see, at most, only minor variations in the product or service being produced using

Darya [45]

Answer:

C. repetitive production

Explanation:

Based on the information provided within the question it can be said that only in Repetitive Production will you see at most minor variations implemented. This is because this type of operations uses various machines in a pre-set process to make the product, a small change in the product specifications would require ALL of the equipment to be replaced, rearranged, or modified just to be able to implement the changes to the product. This many times costs more money than what the change will generate.

3 0

4 years ago

Referring to Table 2-1: A student has only a few hours to prepare for two different exams this afternoon. The above table shows

Anna007 [38]

Answer:

The correct answer is: 15 points on the History exam.

Explanation:

Opportunity Cost is what a person sacrifices when they choose one option over another. It is calculating by subtracting the return of the best forgone option with the return of the chosen option. The outcome could be beneficial or prejudicial, depending on the case.

In the example (refer to the attached table), if the student chooses to score 94 in the economics exam then the student will get 76 in the History test. Thus, The opportunity cost of getting 94 instead of 77 in the Economics test, implies getting 76 instead of 91 in the History exam. It implies:

Opportunity cost of the History exam = 91-76
Opportunity cost of the History exam = 15

The opportunity cost of scoring 94 on the Economics exam rather than a 77 is 15 points on the History test.

7 0

4 years ago