Your car dealer is willing to make a loan to you for a new c…
Your car dealer is willing to make a loan to you for a new car. The loan terms are monthly payments of $400 for 5 years. The payments are due on the first day of each month starting with the day you sign up for the loan. If your cost of money is 5% APR, how much can you borrow?
Read DetailsIn a certain population the frequencies of alleles determini…
In a certain population the frequencies of alleles determining the ABO blood groups were estimated as 0.5 for IO , 0.3 for IA and 0.2 for IB. Assuming random mating, what is the expected frequency of blood type A individuals?
Read Details23. The human resources department of a large bank wanted to…
23. The human resources department of a large bank wanted to assess the job satisfaction of the bank’s workers. The department chose four of the bank’s branches at random and used all of the workers in those four branches as the subjects for the study. What type of sample does this describe?
Read Details3. A group of students were asked if they carry a credit car…
3. A group of students were asked if they carry a credit card. The responses are listed in the table.ClassCredit Card CarrierNot a Credit Card CarrierTotalFreshmanSophomore122648146040Total3862100If a student is selected at random, find the probability that he or she carries a credit card, given that the student is a sophomore. Round your answer to three decimal digits if necessary.
Read Details9. A recent survey of college graduates found the mean time…
9. A recent survey of college graduates found the mean time to complete a bachelor’s degree was 4.6 years, with a standard deviation of 2.2 years. If the sample size of this survey was 34 students, construct a 95% confidence interval of the true mean length of time to complete a bachelor’s degree. Round the lower and upper bounds to the nearest hundredth.
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