What is statistical power and how would you calculate it?
1 answer:
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Answer:
Estimate = 0.4
Quotient = 0.355 ---> Approximated to nearest thousandth
Step-by-step explanation:
Question like this is better answered using attachment;
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When 1.066 is divided by 3,
The quotient is 0.3553......
When estimating to tenths,
We stop the quotient at 0.35 then round it up.
This gives 0.4
When estimating to nearest thousandth,
We stop the quotient at 0.3553 then round it up;
This gives 0.355
Answer:
a.) 1908.30
b.) 96373.15
c.)302491.15
unrounded answers below
Step-by-step explanation:
The amount that is to be loaned out is 380000-110000=270000
The effective montly rate is .07/12=.005833333
a.)
b.)
use what is called the prospective method (the outstanding loan balance at time n is equal to the present value of the remaining payments)
c.)
total paid= 1908.303833*12*25=572491.1499
amount of loan: 270000
Total interest paid:
572491.1499-270000=302491.1499