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soldier1979 [14.2K]
3 years ago
15

The confidence interval is to .

Mathematics
1 answer:
navik [9.2K]3 years ago
8 0

Answer:

See below

Step-by-step explanation:

The purpose of the confidence interval is to give a range of where the true value of a parameter lies given a confidence level.

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Find the 98th term of the arithmetic sequence 8, 24, 40,...
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Step-by-step explanation:

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Multiply<br> 5x107 * 3x105
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3 years ago
Read 2 more answers
A lender estimates the closing costs on a home loan will be 3% of the loan amount of $180,000. The actual closing costs are list
Anvisha [2.4K]

Based on the information provided, it can be inferred that the lender made an excellent estimate; was equal to actual closing costs (option A)

<h3>How do you know what the lender's estimate was? </h3>

Based on the information provided, the lender estimated that the closing cost is equal to 3% of the $ 180,000 loan. To calculate that value we must do the following operation:

  • $ 180,000 / 100 x 3% = $ 5,400.

Based on the above, the estimated closing cost for that loan is $ 5,400.

<h3>How to know the real cost of closing the loan? </h3>

To know the real cost of the loan closing we must add the following values:

  • Closing Cost Charge Loan origination $ 345
  • Title insurance $ 600
  • Attorney's fees $ 1,350
  • Appraisal $ 480
  • Inspection $ 550
  • Recording fees $ 175
  • Escrow $ 1,900

$ 1,900 + $ 175 +% 550 + $ 480 + $ 1,350 + $ 600 + $ 345 = $ 5,400.

According to the above, the lender made a very precise estimate because his calculation hit the exact value of the closing cost (option A)

Learn more about lender in: brainly.com/question/3268275

3 0
2 years ago
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