Emma sanchez is currently renting an apartment for $725 per month and paying $275 annually for renter’s insurance. she just found a small townhouse she can buy for $185,000. she has enough cash for a $10,000 downpayment and $4,000 in closing costs. her bank is offering 30-year mortgages at 5 percent per year. emma estimates the following costs as a percentage of the home’s price: propertytaxes, 2.5 percent; homeowner’s insurance, 0.5 percent; and maintenance, 0.7 percent. she is in the 22 percent tax bracket and does not plan to itemize deductions on her taxes. emma estimates that the value of the home will appreciate 2 percent per year. using worksheet 5.2, calculate the cost of each alternative and recommend the least costly option—rent or buy—for emma.

Which of the following is not an example of one of the four mail advantages of prices on a free market economy

Reliability and validity reliability and validity are two important considerations that must be made with any type of data collection. reliability refers to the ability to consistently produce a given result. in the context of psychological research, this would mean that any instruments or tools used to collect data do so in consistent, reproducible ways. unfortunately, being consistent in measurement does not necessarily mean that you have measured something correctly. to illustrate this concept, consider a kitchen scale that would be used to measure the weight of cereal that you eat in the morning. if the scale is not properly calibrated, it may consistently under- or overestimate the amount of cereal that’s being measured. while the scale is highly reliable in producing consistent results (e.g., the same amount of cereal poured onto the scale produces the same reading each time), those results are incorrect. this is where validity comes into play. validity refers to the extent to which a given instrument or tool accurately measures what it’s supposed to measure. while any valid measure is by necessity reliable, the reverse is not necessarily true. researchers strive to use instruments that are both highly reliable and valid.

The green revolution is a scientific breakthrough that improved seeds for basic crops. how did the green revolution impact the supply of basic crops such as wheat and corn? the supply of wheat and corn increased. there was no impact on the supply of basic crops. the supply of basic crops did not change, but the quantity supplied of basic crops increased. the supply of wheat and corn decreased.