A particular subdivision has 20 homes. The number of people living in each of these homes is listed as follows:
2 4 7 3 4
2 4 5 2 3
5 4 6 3 4
2 2 1 4 3
If a random sample of n = 3 homes were selected, what would be the highest possible positive sampling error?
A) 6.0
B) 3.0
C) 0.5
D) 2.5
D
Business
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A decision tree shows a 30 percent probability of $2 million in returns and a 70 percent chance of $1 million in returns. What is the maximum you would invest today in this project if the cash in-flow occurs one year in the future and the discount rate is 10 percent?
A) $818,182 B) $1,363,636 C) $1,300,000 D) $1,181,818
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Which of the following would NOT be based on the borrower's loan amount?
A. Loan origination fee. B. Lender's title insurance. C. Survey. D. Intangibles taxes.
Business