Suppose Maria's parents want to pay for her undergraduate education at Bard College, which is a small liberal arts school in Upstate New York. Suppose that tuition costs $35,000 for the 1st year. Maria's parents are willing to pay up to $40,000 for the 1st year of tuition. Maria's parents have $35,000 in an FDIC insured certificate of deposit (CD) that contractually pays 5% over the course of the next year. Another bank will give Maria's parents a $35,000 student loan at 3% interest with no money down. The loan is only for 1 year and the interest payment and principal payment are due at the end of the year. Instructions: Use the information in the preface to answer the following questions in an essay format: 1) Should Maria's parents take out a student loan, or should they pay the tuition with the balance in their bank account?
2) Is there any risk or variability in the outcomes of their decision? Explain your reasoning.

Side bar toggle icon performance in last 10 qs hard easy performance in last 10 questions - there are '3' correct answers, '3' wrong answers, '0' skipped answers, '1' partially correct answers about this question question difficulty difficulty 60% 42.2% students got it correct study this topic • demonstrate an understanding of sampling distributions question number q 3.8: choose the correct estimate for the standard error using the 95% rule.

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Companies in the u.s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct