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Author Question: Which of the following decisions has the best average payoff? A) 1-year ARM B) 3-year ARM C) ... (Read 30 times)

jCorn1234

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  • Posts: 545
on: Jun 24, 2018
Which of the following decisions has the best average payoff?
 
  A) 1-year ARM
  B) 3-year ARM
  C) 5-year ARM
  D) 30-year fixed

Question 2

What is the likelihood of finding a price between 3.80 and 3.85 for a gallon of gasoline from a normally distributed population of gas prices? Assume  = 3.78 and  = 0.05.
 
  A) 0.3413
  B) 0.4641
  C) 0.2638
  D) 0.5746


katkat_flores

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

C


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