An employee ‘s hourly raise went up from $10 per hour to to $12 per hour . What is the rate of increase
1 answer:
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Answer:
a. Genre with highest mean is drama. Mean is 72.10
B. 10.46 is difference between means of comedy and horror
C. Horror has the lowest minimum value at 25.00
Action and comedy both have the highest maximum value at 93.00
Step-by-step explanation:
First create a table with the data provided like I did in the attachment. It would give a clearer picture of what your answers should be.
1. Which genre has the highest mean score?
From the table, we have the means as:
Action = 58.63
Comedy = 59.11
Drama = 72.10
Horror = 48.65
The genre with the highest score is drama at 72.10
2. Difference in mean score between comedy and horror
Mean of comedy = lc = 59.11
Mean of horror = ly = 48.65
Difference = lc-ly
= 59.11 - 48.65
= 10.46
3. The genre with lowest score is the genre with the lowest minimum value. This genre is horror and the lowest minimum is 25.00
The genre with highest minimum value is that whose maximum value is the highest out of all the genres. Both action and comedy have the highest maximum value at 93.00
Answer:
$132.93
Step-by-step explanation:
We will use annuity formula, which is:
Where P is the loan amount
C is the monthly payment
r is the rate of interest [monthly]
n is the time period [in months]
Firstly, let's calculate her normal monthly payment (without purchasing points):
P is 105,000
C is what we need to find
r is the 0.045/12 = 0.00375
n is 12*30 = 360
Now, we have:
So <u>monthly payment would be around $532.02</u>
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Now,
With each point purchase, the interest rate goes down by 0.25%, so for 2 points it will be 4.5% - 2(0.25) = 4%
Also, since 20% downpayment, the loan amount would be (0.8)(105,000) = 84,000.
Now, putting these values into the annuity formula we have:
The <u>monthly payment would be around $399.09</u>
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The amount that is lower is 532.02 - 399.09 = $132.93