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kogti [31]
3 years ago
10

Flint purchased a boat for $10,815. He made a down payment of $1,175. He applied for a six-year installment loan with an interes

t rate of 9.4% in the amount of $9,640. What is the total cost of the boat after six years?
$12,649.68
$13,824.68
$11,831.61
$10,546.16
Mathematics
1 answer:
solniwko [45]3 years ago
7 0
The calculation in this question is simple but you need to look through it to get it right.So, The answer in this question is $11,831.61
How do we get the answer?First we need to multiply the price of the boat to the interest rate which is 9.4%
$10,815 * .094 = $1,061.61
next we need to add how much is the interest of the boat in the price of the boat. 
 $10,815 + $1,061.61 = $11,831.61
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b) s^2 = \frac{SS}{n-1}= \frac{600}{41-1}= 15

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c) For this case we have the sample size n = 25 and the sample variance is s^2 =400 , the standard error can founded with this formula:

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Step-by-step explanation:

Part a

For the first part we have a sample of n =10 and we want to find the degrees of freedom, and we can use the following formula:

df = n-1= 10-1=9

d.9

Part b

From a sample we know that n=41 and SS= 600, where SS represent the sum of quares given by:

SS = \sum_{i=1}^n (X_i -\bar X)^2

And the sample variance for this case can be calculated from this formula:

s^2 = \frac{SS}{n-1}= \frac{600}{41-1}= 15

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Part c

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SE = \frac{s^2}{\sqrt{n}}= \frac{400}{\sqrt{25}}= 80

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