Answer: You can search it up...
Step-by-step explanation: Have a nice day!
Present value of annuity PV = P(1 - (1 + r/t)^-nt) / (r/t)
where: p is the monthly payment, r is the APR = 14.12% = 0.1412, t is the number of payments in one year = 12, n is the number of years = 2.
1,120.87 = P(1 - (1 + 0.1412/12)^(-2 x 12)) / (0.1412 / 12)
0.1412(1120.87) = 12P(1 - (1 + 0.1412/12)^-24)
P = 0.1412(1120.87) / 12(1 - (1 + 0.1412/12)^-24) = $53.88
Minimum monthly payment = 3.15% of 1120.87(1 + 0.1412/12) = 0.0315 x 1120.87(1 + 0.1412/12) = $35.72
Therefore, his first payment will be greater than the minimum payment by 53.88 - 35.72 = $18.16
Step-by-step explanation:
Consider the provided information.
Part (A) We need to find the confidence coefficient.
The given value or percentage of probability is known as the confidence coefficient that the interval contains the parameter.
Hence, the confidence coefficient is 0.90
Part (B) Practical interpretation of both of the 99% confidence intervals.
It means that there is 99% confident that the mean of population HRV for officers diagnosed hypertension which lies between 6.9 and 122.9
There is 99% confident that the mean of population HRV for officers those are not hypertensive which lies between 144.2 and 184.9.
Part (C)
If you are saying 99% confident that means the 99% of the similarly generated confidence intervals will contain the true value of the population mean in repeated sampling.
Part (D)
If We want to reduce the width of each confidence interval, you need to use smaller confidence coefficient.
You know that 7*7 is 49, and 6*6 is 36. Now you know it will be 6._. 6*7 is 42, so think of that as 6.5^2. You know that it will most likely be less than 6.8 since it is so close to being 7*7, which is 4 above your desired number. This leaves 6.6 to 6.8 as your estimate. Personally, I would go straight in the middle and choose 6.7.
I hope this helps!
