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if i have been approved for a $70,000 loan toward the purchase of a new home at 12% interest. The mortgage is for 30 years. How much are the approximately annual payments of the loan? Hint: Assume you pay yearly.
What is the probability that a randomly chosen package is improperly sealed?
Your objective is to maximize the expected utility of your final fortune (after 4 bets). If you are a log-utility investor, determine the optimal policy and find the maximal expected utility.
An automobile assembly line operation has a scheduled mean completion time, mean, of 14.7 minutes. The standard deviation of completion times is 1.2 minutes.
A 15-minute Oil and Lube service claims that their average service time is no more than 15 minutes. A random sample of 35 service times was collected, and the sample mean was found to be 16.2 minutes, with a sample standard deviation of 3.5 minute..
The KW water is provided to approximately 750,000 people, who are served through more than 362,000 accounts. All accounts are metered and billed monthly.
To maximize Andre's probability of landing on the net, how far away from the cannon should he position the nearest edge of the net?
We want to estimate the population mean within 5, with a 99% confidence level. The population std dev is estimated to be 15. How large is the required sample size?
What is the probability that all 3 would iPods from best buy? Or at least one would have iPod from best buy?
Describe the following correlation. The students with the highest grades in written French were also the students with the highest grade in spoken French.
Under the assumption that co payment amounts are normally distributed, find a 99% confidence interval for the mean amount in dollars.
Best Electronics, Inc. offers a "no hassle" returns policy. The number of items returned per day follows the normal distribution. The mean number of customer returns is 10.4 per day and the standard deviation is 2.3 per day.
Identify the scale of measurement in each of the following:
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