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You decide to buy a new car, with a drive-out price of $33,500. You finance the car at a 3.6% APR for 5 years, with end of month payments. Answer the following questions. Show your inputs for potential partial credit. Show your answer to the nearest $.01
a. What is your monthly payment?
b. How much of your 20th payment is payment of principal?
c. Over the entire life of the loan (assuming you pay on time), what was the total amount of interest you paid?
What is the probability that the sample proportion,p^ , will be within ± 3 percentage points of the true p, i.e., Pr{0.42 ≤p^ ≤ 0.48}?
According to Padgett Business Services, 20% of all smallbusiness owners say the most important advice for starting a business is to prepare for long hours.
If he were to conduct a second study to reduce the maximum error of estimate to 6, about how many hard drives should he include in his new sample?
Based on the sample referenced above, find a 95% confidence interval estimate for the proportion of the entire voter population who "approve" or "strongly approve" of the President's handling of the crisis in the financial markets.
A statistics professor once made a big blunder by announcing to his class of about 50 students that he was fairly certain that someone in the room would share.
Determine the standard error of the proportion. What is the probability that more than 70.4% of consumers will indicate they like the drink?
A study was conducted to determine whether a correlation exists between consumers' perceptions of a television commercial (measured on a special scale).
What is the probability that it is team A that is leading - what is the probability that the team that wins the first game wins the series?
The following histograms represent the probability distributions of the random variables X and Y. Determine by inspection which probability distribution.
The 25th, 50th, 75th, and 100th percentiles for X are called its first, second, third, and fourth quartiles respectively.
below you are given ages that were obtained by taking a random sample of 9 undergraduate students. assume the
explain whether an experiment or an observational study would be more appropriate to investigate whether acupuncture
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