Sierra is getting a loan to purchase a car, but she has a few options for loan terms. She is comparing the cost of each loan to determine which loan will cost the least in terms of interest paid. (Interest is the fee paid for the use of borrowed money, and it is expressed as a percentage of the amount borrowed. When dealing with simple interest, interest owed is a percentage of the amount borrowed multiplied by the amount of time the borrower takes to repay the loan.) All of the loan offers are for $10,000, and include an upfront fee of $200. They are all simple interest loans (as opposed to compound interest loans). Loan A is to be paid back over five years with an annual interest rate of 6 percent. Loan B is to be paid back over four years with an annual interest rate of 4 percent. Loan C is to be paid back over three years with an interest rate of 5 percent. How can Sierra figure out which loan will require the lowest interest payments?

(20 points) a bank has been receiving complaints from real estate agents that their customers have been waiting too long for mortgage confirmations. the bank prides itself on its mortgage application process and decides to investigate the claims. the bank manager takes a random sample of 20 customers whose mortgage applications have been processed in the last 6 months and finds the following wait times (in days): 5, 7, 22, 4, 12, 9, 9, 14, 3, 6, 5, 15, 10, 17, 12, 10, 9, 4, 10, 13 assume that the random variable x measures the number of days a customer waits for mortgage processing at this bank, and assume that x is normally distributed. 2a. find the sample mean of this data (x ě…). 2b. find the sample variance of x. find the variance of x ě…. for (c), (d), and (e), use the appropriate t-distribution 2c. find the 90% confidence interval for the population mean (îľ). 2d. test the hypothesis that îľ is equal to 7 at the 95% confidence level. (should you do a one-tailed or two-tailed test here? ) 2e. what is the approximate p-value of this hypothesis?