Answer:
In other respects, a balloon mortgage resembles an adjustable rate mortgage (ARM) with an initial rate period equal to the balloon period. A 7-year balloon, for example, is usually compared to a 7-year ARM. Both have a fixed-rate for 7 years, after which the rate will be adjusted.
Step-by-step explanation:
On what? Adding subtracting making a fraction tree
Answer:
Step-by-step explanation:
So first we combine like terms on the left
1-7=-6
then we have
-7x-6=15
next we add 6 both sides
-7x-6=15
+6 +6
-7x=21
then we divide -7 each side
we get
x=-3
Answer:
Step-by-step explanation:
Since x is a binomial random variable that counts the number of adults with at least a bachelor's degree, it means that there are only two outcome. It is either an adult has a bachelor's degree or not. The probability of success would be that the adult has a bachelor's degree. Therefore, probability of success, p = 20/100 = 0.2
Number of adults in the sample is 100
The number of success expected is x
We want to determine the probability of P(x ≥ 60)
Therefore, the most efficient way to calculate the probability that more than 60 adults have a bachelor's degree is
b. P(x<60)=binompdf(100.0.20.60)
This is because it is a discrete probability distribution function
