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maximum price

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on a house. Your bank requires a minimum down payment of 17%. What is the maximum price you can offer for a home in order to have enough money for the down payment? (Round your answer to two decimal places.)

 
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experiment

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Three experiments investigating the relation

between need for cognitive closure and persuasion were performed. Part of the study involved administering a “need for closure scale” to a group of students enrolled in an introductory psychology course. The “need for closure scale” has scores ranging from 101 to 201. For the 69 students in the highest quartile of the distribution, the mean score was x = 179.10. Assume a population standard deviation of σ = 7.63. These students were all classified as high on their need for closure. Assume that the 69 students represent a random sample of all students who are classified as high on their need for closure. Find a 95% confidence interval for the population mean score μ on the “need for closure scale” for all students with a high need for closure. (Round your answers to two decimal places.)lower limit    upper limit

 
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An amount of $1000 is deposited

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An amount of $1000 is deposited

for 9 years in an account that earns 4% interest. (Round your answers to two decimal places.)

(a) Calculate the simple interest earned.

$  

(b) Calculate the interest earned if interest is compounded daily.

$  

(c) How much more interest is earned on the account when the interest is compounded daily?

 
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A stock that pays an annual dividend of $0.62

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A stock that pays an annual dividend of $0.62 style=”color:rgb(0,0,0);”> per share has a current price of $32.50. Find the dividend yield. Round to the nearest hundredth of a percent.

 
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