Answer:
$568.75
Step-by-step explanation:
Monthly payment = annual payment / 12
Annual payment = amount borrowed x time x APR
$26,000 X 0.0525 X 5 = $6825
Monthly payment = $6825 / 12 = $568.75
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Answer:
yes
Step-by-step explanation:
lets use a significance level of = 0.1
<u> Determine if the sequence indicates randomness </u>
First step :
H0 : pattern is random
H1 : pattern not random
n1 ( number of true answers ) = 10
n2 ( number of false answers ) = 10
also number of runs for T = 5
number of runs for F = 5
Total number of runs = 5+ 5 = 10
Given that critical value at 0.05 = 23
we will reject the null hypothesis ( i.e the sequence departs from randomness )