FIGURE 12.2Buying a House: Institutional Discrimination andPredatory LendingThis figure, based on a national sample, illustrates institutional discrimination. Rejecting theloan applications of minorities and gouging them with higher interest rates are a nationwidepractice, not the acts of a rogue banker here or there. Because the discrimination is part ofthe banking system, it is also called systenic discrimination.45%43Whites40%Latinos3635%African Americans30%3030252625%20%1515%141110%5%These Applicants Were Denied a MortgageApplicants whose incomewas below the medianincomeApplicants whose incomewas above the medianincomeThese Applicants WereCharged Higher Interest(given subprime loans)Applicants who have100% to 120% of medianincomeISource: By the author. Based on Kochbar and Gonzalez-Barrera 2009.2)Discrimination in Mortgages," how do the percentage of mortgage loan denialschange as the applicants' median incomes increase? How do the denials remainthe same?Based on Figure 12.2, "Buying a House: Institutional

Answered: This figure, based on a national…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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J. C. Penney Company, Inc. (JCP) and Macy’s, Inc. (M) are large department store chains in the United States. Information from recent annual reports for both companies is as follows (in millions): J. C. Penney Macy’s Cash (end of year) $119 $1,109 Short-term investments (end of year) 781 — Operating expenses 4,640 8,256 Depreciation expense 616 1,061 a. Determine the days’ cash on hand for each company. Round to one decimal place. J. C. Penney Macy’s Days’ Cash on Hand fill in the blank 1 days fill in the blank 2 days
The following table lists several corporate bonds issued during a particular quarter. Company AT&T Bank ofAmerica GeneralElectric GoldmanSachs Verizon WellsFargo Time toMaturity(years) 10 10 2 3 8 7 AnnualRate (%) 2.40 3.00 4.25 7.15 5.15 4.50 Would Bank of America or Verizon pay the most total interest on a $2,000 bond at maturity? How much interest would that be? Bank of America would pay $ in interest on a $2,000 bond at maturity. Verizon would pay $ in interest on a $2,000 bond at maturity. So, we see would pay the most interest on $2,000 bond at maturity.
QUESTION 1 Smokers at a company were invited to participate in a smoking cessation program, and were randomly assigned to one of two groups. Those in the Reward group would get a cash award if they stopped smoking for 6 months. Those in the Deposit group were asked to deposit some money which they would get back along with a substantial bonus if they stopped smoking for 6 months. After six months, 156 of the 914 smokers who accepted the invitation to be in the reward-only program stopped smoking, while 78 of the 146 smokers who paid a deposit quit. A two-way table for this data is given below. (Be careful: "Total" rows/columns are not included.) Quit Smoking Yes No Treatment Group Reward 156 758 Deposit 78 68 Use this table to answer Problems 1-4. 1) How many people in the study had quit smoking after six months? Calculate the difference in proportion who quit smoking, , between those in the Deposit program and those…
The following table lists several corporate bonds issued during a particular quarter. Company AT&T Bank ofAmerica GeneralElectric GoldmanSachs Verizon WellsFargo Time toMaturity(years) 10 10 2 3 8 7 AnnualRate (%) 2.40 4.00 5.25 7.15 6.15 4.50 If the General Electric bonds you purchased had paid you a total of $8,840 at maturity, how much did you originally invest? (Round your answer to the nearest dollar.) $
Table #7.3.8: Economic Dynamism of Middle Income Countries 25.8057 37.4511 51.915 43.6952 47.8506 43.7178 58.0767 41.1648 38.0793 37.7251 39.6553 42.0265 48.6159 43.8555 49.1361 61.9281 41.9543 44.9346 46.0521 48.3652 43.6252 50.9866 59.1724 39.6282 33.6074 21.6643 7.3.8 Maintaining your balance may get harder as you grow older. A study was conducted to see how steady the elderly is on their feet. They had the subjects stand on a force platform and have them react to a noise. The force platform then measured how much they swayed forward and backward, and the data is in table #7.3.10 ("Maintaining balance while," 2013). Do the data show that the elderly sway more than the mean forward sway of younger people, which is 18.125 mm? Test at the 5% level. Table #7.3.10: Forward/backward Sway (in mm) of Elderly Subjects 19 30 20 19 29 25 21 24 50
The sales commission of a pharmaceutical distribution company is structured such that its part-time sales representatives receive commissions of: 4.00% on the first $10,000 they sell, 6.00% on the next $10,000, 11.00% thereafter on all sales they make. Daniel, a new sales representative, made sales of $2,500 in his first month, $16,500 in his second month, and $37,000 in his third month. a. What was the commission in the first month? Round to the nearest cent b. What was the commission in the second month? Round to the nearest cent c. What was the commission in the third month? Round to the nearest cent d. What single commission rate would represent his total earnings throughout the first 3 months? Round to two decimal places

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