In Exercises 11–16, fill in the blanks using the named events. [ HinT: See Example 2 and the FAQ at the end of the section.] 55% of those who have a Mac now ( M ) will purchase a Mac next time ( X ) , whereas 20% of those who do not have a Mac now will purchase a Mac next time. P ( _ _ | _ _ ) = _ _ _ ; P ( _ _ | _ _ ) = _ _ _
In Exercises 11–16, fill in the blanks using the named events. [ HinT: See Example 2 and the FAQ at the end of the section.] 55% of those who have a Mac now ( M ) will purchase a Mac next time ( X ) , whereas 20% of those who do not have a Mac now will purchase a Mac next time. P ( _ _ | _ _ ) = _ _ _ ; P ( _ _ | _ _ ) = _ _ _
Solution Summary: The author explains that 80% of those who have a Mac now ( M ) will purchase the Mac next time ( X ), whereas 20% who do not have one will.
In Exercises 11–16, fill in the blanks using the named events.
[HinT: See Example 2 and the FAQ at the end of the section.]
55% of those who have a Mac now
(
M
)
will purchase a Mac next time
(
X
)
, whereas 20% of those who do not have a Mac now will purchase a Mac next time.
P
(
_
_
|
_
_
)
=
_
_
_
;
P
(
_
_
|
_
_
)
=
_
_
_
The Martinezes are planning to refinance their home. The outstanding balance on their original loan is $150,000. Their finance company has offered them two options. (Assume there are no additional finance charges. Round your answers to the nearest cent.)
Option A: A fixed-rate mortgage at an interest rate of 4.5%/year compounded monthly, payable over a 30-year period in 360 equal monthly installments.Option B: A fixed-rate mortgage at an interest rate of 4.25%/year compounded monthly, payable over a 12-year period in 144 equal monthly installments.
(a) Find the monthly payment required to amortize each of these loans over the life of the loan.
option A $
option B $
(b) How much interest would the Martinezes save if they chose the 12-year mortgage instead of the 30-year mortgage?
The Martinezes are planning to refinance their home. The outstanding balance on their original loan is $150,000. Their finance company has offered them two options. (Assume there are no additional finance charges. Round your answers to the nearest cent.)
Option A: A fixed-rate mortgage at an interest rate of 4.5%/year compounded monthly, payable over a 30-year period in 360 equal monthly installments.Option B: A fixed-rate mortgage at an interest rate of 4.25%/year compounded monthly, payable over a 12-year period in 144 equal monthly installments.
(a) Find the monthly payment required to amortize each of these loans over the life of the loan.
option A $
option B $
(b) How much interest would the Martinezes save if they chose the 12-year mortgage instead of the 30-year mortgage?
Given: Circle J
2
What is the value of y?
A. 38
C.
68
B. 50
D. 92
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