Mathematics, 11.04.2021 22:10 aide1234564
QUESTION 6
Using a purchase price of $169,000, a down payment of $30,000, the original 30 year mortgage and 5.9% interest rate,
a) what would happen if you paid an extra $100 each month?
b) What would be the affect on the total cost of the mortgage?
(Answer in a paragraph of at least 2 sentences.)
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(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 ฤโฆ). 2b. find the sample variance of x. find the variance of x ฤโฆ. for (c), (d), and (e), use the appropriate t-distribution 2c. find the 90% confidence interval for the population mean (รฎฤพ). 2d. test the hypothesis that รฎฤพ 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?
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What is the value of the discriminant, b2 ? 4ac, for the quadratic equation 0 = x2 ? 4x + 5, and what does it mean about the number of real solutions the equation has?
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QUESTION 6
Using a purchase price of $169,000, a down payment of $30,000, the original 30 year mort...
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