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Natali [406]
3 years ago
12

enny has applied for a loan to purchase a home and learns that she is unable to qualify for any loan other than a high-cost mort

gage. Her lender, MortgageMax, tells her that she must complete pre-loan counseling to obtain the loan. MortgageMax also tells her that it will pay for the counseling if she uses a counselor from its affiliate company, MortgageMax Counseling, and obtains her certification from this company. Which statement is the most accurate assessment of this arrangement
Business
1 answer:
nataly862011 [7]3 years ago
5 0

Answer: C. MortgageMax may pay the counseling fees, but is prohibited from steering Jenny towards a particular counselor or allowing her to complete counseling from one of its affiliates.

Explanation:

MortgageMax is violating the law in recommending a particular counselor and recommending one of its affiliates. Lenders are not allowed to direct a loan candidate to a certain counselor in order to avoid any unfortunate situations that arise from the counselor being partial to the lender.

Lenders are also prohibited from offering the counselling via an affiliate for the same reason above. They are however, allowed to pay for the counselling.

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Answer:

The probability that the project will finish in 16 months is 0.7.

Explanation:

From the data the mean time is given as  \mu=15

The variance is given as \sigma^2=4\\

So the standard deviation is \sigma=2\\

Now the X is given as 16 so

Calculating the z score as

z=\dfrac{x-\mu}{\sigma}\\z=\dfrac{16-15}{2}\\z=\dfrac{1}{2}=0.5

So for the z score of 0.5 the probability is given in Excel as

=NORMSDIST(0.5)

=0.69 ≈0.7

So the probability that the project will finish in 16 months is 0.7.

3 0
3 years ago
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Which statement is false?
WINSTONCH [101]

Option B, The predetermined overhead allocation rate is based on actual costs.

Explanation:

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The predetermined rate is derived by calculation as follows:

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3 0
2 years ago
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3 years ago
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Answer:

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Explanation:

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3 years ago
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