Question

A $150,000 loan with $3000 in closing costs plus 1 point requires an advance payment of

Ratios, rates, proportions
ANSWERED
asked 2021-06-27
A $150,000 loan with $3000 in closing costs plus 1 point requires an advance payment of

Expert Answers (1)

2021-06-28
A point would be 1
3
 
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Consider the accompanying data on flexural strength (MPa) for concrete beams of a certain type.
\(\begin{array}{|c|c|}\hline 11.8 & 7.7 & 6.5 & 6 .8& 9.7 & 6.8 & 7.3 \\ \hline 7.9 & 9.7 & 8.7 & 8.1 & 8.5 & 6.3 & 7.0 \\ \hline 7.3 & 7.4 & 5.3 & 9.0 & 8.1 & 11.3 & 6.3 \\ \hline 7.2 & 7.7 & 7.8 & 11.6 & 10.7 & 7.0 \\ \hline \end{array}\)
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\(x\)
\(p?\)
\(\frac{s}{x}\)
\(s\)
\(\tilde{\chi}\)
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MPa
State which estimator you used.
\(s\)
\(x\)
\(p?\)
\(\tilde{\chi}\)
\(\frac{s}{x}\)
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MPa
Interpret this point estimate.
This estimate describes the linearity of the data.
This estimate describes the bias of the data.
This estimate describes the spread of the data.
This estimate describes the center of the data.
Which estimator did you use?
\(\tilde{\chi}\)
\(x\)
\(s\)
\(\frac{s}{x}\)
\(p?\)
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\(p?\)
\(\tilde{\chi}\)
\(s\)
\(\frac{s}{x}\)
\(x\)
...