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telo118 [61]
2 years ago
7

A lender will verify and carefully consider your income before approving you for a loan because _____. A. They need to be sure y

ou will be able to pay the loan back b. Government restrictions require a minimum salary to be approved for a loan c. Loan applicants with higher salaries are generally more trustworthy than other applicants d. They need to be sure you make at least the minimum payment for the loan you applied for Please select the best answer from the choices provided A B C D.
Mathematics
1 answer:
Anestetic [448]2 years ago
6 0

They need to be sure you will be able to pay the loan back. Then the correct option is A.

<h3>What is decision-making?</h3>

The process of making choice is by identifying the correct decision, gathering information, and assessing alternative solutions.

A. They need to be sure you will be able to pay the loan back. This is correct.

B. Government restrictions require a minimum salary to be approved for a loan. This is incorrect.

C. Loan applicants with higher salaries are generally more trustworthy than other applicants. This is incorrect.

D. They need to be sure you make at least the minimum payment for the loan you applied for. This is incorrect.

A lender will verify and carefully consider your income before approving you for a loan because they need to be sure you will be able to pay the loan back.

More about the decision-making link is given below.

brainly.com/question/3369578

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A camera has a listed price of $587.98 before tax. If the sales tax rate is 8.5%, find the total cost of the camera with sales t
ikadub [295]

Answer:

$637.95

Step-by-step explanation:

convert 8.5% to a decimal by dividing by 100:

8.5÷100= 0.085

then multiply.

587.98×(0.085)=49.97

now add.

587.98+49.97=<u>637.95</u>

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3 years ago
A sample of 114 mortgages approved during the current year showed that 36 were issued to a single-earner family or individual. T
kodGreya [7K]

Answer:

a-1) Reject H0 if zcalc > 1.645

a-2) z=\frac{0.316 -0.28}{\sqrt{\frac{0.28(1-0.28)}{114}}}=0.8561  

a-3) ii. False

b) ii. No

c) iii. n π > 10 and n(1 − π ) > 10

Step-by-step explanation:

1) Data given and notation

n=114 represent the random sample taken

X=36 represent the people that were issued to a single-earner family or individual

\hat p=\frac{36}{114}=0.316 estimated proportion of people that were issued to a single-earner family or individual

p_o=0.28 is the value that we want to test

\alpha=0.05 represent the significance level

Confidence=95% or 0.95

z would represent the statistic (variable of interest)

p_v represent the p value (variable of interest)  

(a-1) H0: π ≤ .28 versus H1: π > .28. Choose the right option. Reject H0 if zcalc > 1.645 Reject H0 if zcalc < 1.645 a b

We need to conduct a hypothesis in order to test the claim that the true proportion is less than 0.28.:  

Null hypothesis:p\geq 0.28  

Alternative hypothesis:p < 0.28  

When we conduct a proportion test we need to use the z statistic, and the is given by:  

z=\frac{\hat p -p_o}{\sqrt{\frac{p_o (1-p_o)}{n}}} (1)  

The One-Sample Proportion Test is used to assess whether a population proportion \hat p is significantly different from a hypothesized value p_o.

The rejection zone would be on this case :

Reject H0 if zcalc > 1.645

Since is a right tailed test

(a-2) Calculate the test statistic. (Round intermediate calculations to 2 decimal places. Round your answer to 4 decimal places.) Test statistic

Since we have all the info requires we can replace in formula (1) like this:  

z=\frac{0.316 -0.28}{\sqrt{\frac{0.28(1-0.28)}{114}}}=0.8561  

(a-3) The null hypothesis should be rejected.

False, since our calculated value is less than our critical value we Fails to reject the null hypothesis

(b) Is this a close decision?

False the calculated value is significantly less than the critical value so we FAIL to reject the null hypothesis with enough confidence.

(c) State any assumptions that are required.

In order to satisfy the conditions we need the following two requirements:

iii. n π > 10 and n(1 − π ) > 10

And are satisfied:

114*0.28=31.92>10

114(1-0.28)=82,08>10

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BARSIC [14]

Step-by-step explanation:

Line through (0,−3) slanting down.

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X/13
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