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victus00 [196]
3 years ago
9

Describe the variable​ Yr_Built. Choose the correct answer below. A. The variable​ Yr_Built is​ quantitative, with units years.

B. The variable​ Yr_Built is an identifier variable. C. The variable​ Yr_Built is categorical and ordinal. D. The variable​ Yr_Built is categorical and nominal.
Mathematics
1 answer:
bekas [8.4K]3 years ago
6 0

Answer:

A. The variable​ Yr_Built is​ quantitative, with units years.

Step-by-step explanation:

Since, Yr_Built means the year built, Also year has a numerical value like 2008, 2000, 1865, etc.

So, it is quantitative.

Further, Data is said to be quantitative if it has a numerical value.

Categorical data is that data which has categories. For example, Gender: It has two categories Female and Male.

The data which as ordering is called ordinal data. Example, Bad, Average, Good.

Identifier Variable is the variable that is used for identity. Example, Employee No., etc.

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Consider a home mortgage of ​$225,000 at a fixed APR of 4.5 ​% for 30 years. a. Calculate the monthly payment. b. Determine the
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Here annual interest rate is given as 4.5%

So, the monthly interest rate =\frac{4.5\%}{12}= 0.375\% = 0.00375

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a.  So, the monthly payment will be.....

M= \frac{P(1+r)^nr}{[(1+r)^n] -1}\\ \\ M= \frac{225000(1+0.00375)^3^6^0*0.00375}{(1+0.00375)^3^6^0 -1}\\ \\ M= \frac{225000(1.00375)^3^6^0*0.00375}{(1.00375)^3^6^0 -1} \\ \\ M \approx 1140

Thus, the monthly payment will be approximately $1140


b. The <u>total amount paid</u> over the term of the loan will be: \$ 1140*360 months = \$ 410400


c.   As the principal amount was $225000 , so the amount of interest = (\$ 410400- \$ 225000)= \$ 185400

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