A leasing firm claims that the mean number of miles driven annually, , in its leased cars is less than miles. A random sample of cars leased from this firm had a mean of annual miles driven. It is known that the population standard deviation of the number of miles driven in cars from this firm is miles. Assume that the population is normally distributed. Is there support for the firm's claim at the level of significance

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of

"exterior angles = 360 / number of sides.

60 = 360 / sides

sides = 360 / 60

sides = 6"

explanation:

the loan estimate encourages consumers to shop. since it is the lenders who are required to issue a standardized loan estimate in a specific time frame, this way consumers are provided an opportunity to compare lenders and their products. otherwise consumer wouldn't know the benefits offered by other lenders.  

if a loan originator does not provide a loan estimate within 3 business days of receiving a completed loan application, that lender is in violation. lenders are required to issue a loan estimate within 3 days of applying for a loan or within 7 days prior to closing. having a loan estimate has following information.

not having loan estimate won't give you an idea of money to be borrowed.

you get to know your interest rates.

you also get to know if your interest rate can or may vary.

not having a good faith estimate can keep you unaware of aforementioned points.