Higher interest rates won’t cost you as much to drive a car as do higher gasoline prices. This is because automobile loans have payment schedules that are only modestly impacted by Federal Reserve Board interest-rate increases. Create a spreadsheet to compare the difference in monthly payments for a K552,451 loan having 60 monthly payments for a select number of interest rates. Use 3% as the base APR and go as high as an APR of 12%.

Use the given degree of confidence and sample data to construct a confidence interval for the population mean mu . assume that the population has a normal distribution. a laboratory tested twelve chicken eggs and found that the mean amount of cholesterol was 185 milligrams with sequals 17.6 milligrams. a confidence interval of 173.8 mgless than muless than 196.2 mg is constructed for the true mean cholesterol content of all such eggs. it was assumed that the population has a normal distribution. what confidence level does this interval represent?