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3 years ago

Why is the APR considered the most important factor to be mindful of in a car loan?

2 answers:

3 0

The correct answer is
<span>A. The APR helps a customer determine the true cost of the loan, allowing them to compare many loans and choose the most advantageous one.</span>

tester [92]3 years ago

3 0

Answer:

A. The APR helps a customer determine the true cost of the loan, allowing them to compare many loans and choose the most advantageous one.

Step-by-step explanation:

When choosing a loan, we have to consider the amount of interest we will pay. The amount we will actually pay for the loan depends on how high or low the interest rate, or APR, is.

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Step-by-step explanation:

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3 years ago

Read 2 more answers

The data given below contain the state cigarette taxâ€‹ (in $) for all 20 regions of a country.

g100num [7]

Answer:

(a) $\bar x= 1.583$ -- Population Mean

(b) $s = 1.032$ --- Population standard deviation

Step-by-step explanation:

Given:

Cigarette tax for 20 regions

Solving (a): The population mean

This is calculated as:

$\bar x = \frac{\sum x}{n}$

$\sum x = 1.36 + 1.70 + 2.50 + 0.45 + 1.18 + 0.64 + 3.46 + 0.57 + 2.00 + 0.80 + 1.60 +0.98 + 0.36 + 2.24 + 4.35 + 0.62 + 2.70 + 1.78 + 1.53 + 0.84$

$\sum x = 31.66$

$n = 20$

So, we have:

$\bar x= \frac{31.66}{20}$

$\bar x= 1.583$

Solving (b): The population standard deviation

This is calculated as:

$s = \sqrt{\frac{\sum( x - \bar x)^2}{n}$

$\sum (x -\bar x)^2 = (1.36 - 1.583)^2 + (1.70 - 1.583)^2+ (2.50 - 1.583)^2+ (0.45 - 1.583)^2+ (1.18 - 1.583)^2+ (0.64 - 1.583)^2+ (3.46 - 1.583)^2+ (0.57 - 1.583)^2+ (2.00 - 1.583)^2+ (0.80 - 1.583)^2+ (1.60 - 1.583)^2+(0.98 - 1.583)^2+ (0.36 - 1.583)^2+ (2.24 - 1.583)^2+ (4.35 - 1.583)^2+ (0.62 - 1.583)^2+ (2.70 - 1.583)^2+ (1.78 - 1.583)^2+ (1.53 - 1.583)^2+ (0.84- 1.583)^2$

$\sum (x -\bar x)^2 = 21.29222$

So:

$s = \sqrt{\frac{21.2922}{20}$

$s = \sqrt{1.06461}$

$s = 1.032$

Solving (c):

Population mean tells the average amount while the standard deviation represents the spread from the calculated mean

Option (4) is correct

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2 years ago