Financial advisors recommend that a maximum of 22% of your monthly income be spent on vehicle expenses (total of car payment, car insurance, and maintenance/fuel). Nadia’s monthly income is $3200. She wants to take out a loan to buy a 2018 Kia Soul which would result in monthly vehicle expenses consisting of a $515 car payment, $78 car insurance, and $125 maintenance/fuel expenses. What percentage of Nadia’s monthly income would be spent on vehicle expenses if she purchases the 2018 Kia Soul? Round the percentage to one decimal place.  % of her monthly income would go to vehicle expenses.

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A: n=60,x¯=1,σ=0.25,CI=95%=0.95α=1−CI=1−0.95=0.05

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A: Expected value: The expected value of a random variable is the sum of the possible values that the…

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A: We solve the problem by just constructing the equation and solving them.

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Q: what was the average amount of Brendan's monthly payments?

A:

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