The following chart shows the results of a survey of the status of subprime home mortgages in a certain state in November 2008.Mortgage Status Current Past Due In Foreclosure RepossessedFrequency 100605535(The four categories are mutually exclusive; for instance, "Past Due" refers to a mortgage whose payment status is past due but is not in foreclosure, and "In Foreclosure"refers to a mortgage that is in the process of being foreclosed but not yet repossessed. Enter your answers to two decimal places.)(a) Find the relative frequency distribution for the experiment of randomly selecting a subprime mortgage in the state and determining its status.CurrentX0.42Past Due0.24In Foreclosure 0.22Repossessed0.12XGood job!Nicely done.(b) What is the relative frequency that a randomly selected subprime mortgage in the state was neither in foreclosure nor repossessed? HINT [See Example 2.]0.66

The question is about frequency distribution.Given :

Answered: The following chart shows the results…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Suppose the charge account of Strong's Mailing Service at the local supply store had a 1.8% interest rate per month on the average daily balance. Find the average daily balance if Strong's had an unpaid balance on March 1 of $146.60, a payment of $40 posted on March 11, and a purchase of $22.60 posted on March 18. The billing cycle ends March 31. The average daily balance is $. (Type an integer or decimal rounded to the nearest hundredth as needed.) C
Please do the following questions with full handwritten working out
Table 1: Accumulated Interest Year 1 Lower-Risk Customer Higher-Risk Customer ACCUMULATED INTEREST Figure 1: Accumulated Interest 14,000.00 12,000.00 10,000.00 8,000.00 6,000.00 4,000.00 2,000.00 0 1 1,396.55 2,605.48 2 3,190.68 3,190.68 6,096.38 8,628.07 10,668.88 1,396.55 Accumulated Interest 2 6,096.38 Ⓒ2,605.48 3 Lower-Risk Customer 3,602.39 4,359.66 4,846.10 3 8,628.07 4 3,602.39 YEAR Ⓒ10,668.88 Ⓒ4,359.66 Higher-Risk Customer 5 Ⓒ12,065.44 5 Ⓒ4,846.10 12,065.44 12,616.45 5,026.46 6 6 Ⓒ12,616.45 5,026.46 4) Using the graph in 3), calculate the difference in the accumulated interest amount earned in year 5 by the credit card company charging 27.5 % versus 12.3% nominal annual rate of interest. 7
6) a. b. C. d. What is the present value of $15,000 received today, $2,500 received at the end of each of the next six years and $10,000 received at the end of the 7th year, assuming a required rate of return of 4.50% ? $38,143 $16,899.89 $29,990.22 $35,243
The following information was taken from the financial records of Sodigaz, Inc. Year 2 Year 1 Sales $285,000 $278,500 Accounts receivable: Beginning of year 29,600 18,900 End of year 41,000 29,600 The number of days' sales in receivable for Year 2 is a. 31.8 b. 38.8 c. 24.8 d. 45.2
A rent-to-own agreement allows the renter to either return the merchandise after a specified period of time or apply the monthly payments toward purchasing the item(s) (or clearly, the renter could default on the agreement). A rent-to-own company reports that nationally 60% of the agreements result in the merchandise being returned, 27% of the agreements result in the merchandise being purchased, and the remaining agreements are defaulted on (consumer does not make required payments specified in the contract). At a local rent-to-own company, a sample of 229 agreements finds that 110 result in the merchandise being returned, 74 agreements result in the merchandise being purchased and the remaining agreements are defaulted upon. When testing (at the 5% level of significance) whether the proportions of the local company are different than the proportions nationally, what is the test statistic (please round your answer to 3 decimal places)

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