The number that appears more frequently than any other in a set of numbers

The number that appears more frequently than any other in a set of numbers is the​ ________.

2 months ago

Solution 1

Guest Guest #7936308
2 months ago
Its called your mode 
heres a song so you can remember!:)

Mode Mode mode the most 
the average is the mean 
median median median the number in between 
I use to sing this in elementary school so that we could remember

 

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Since we have given that

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A lender estimates the closing costs on a home loan of $50,000 as listed below. Closing Cost Charge Loan origination $200 Title insurance $530 Attorney’s fees $600 Appraisal $265 Inspection $575 Recording fees $130 Escrow $800 If the lender's good faith estimates are accurate, are they a reasonable amount for closing costs? Why or why not? a. Yes, because the lender esitmated 3.08% of the home loan in closing costs which falls between 3 - 5%. b. Yes, because the lender estimated 4.6% of the home loan in closing costs which does not fall between 3 - 5%. c. No, because the lender estimated 6.2% of the home loan in closing costs which does not fall between 3 - 5%. d. No, because the lender estimated 17.7% of the home loan in closing costs which does fall between
Solution 1

C- The lender should not consider them as reasonable amount of closing costs because the lender estimated 6.2% of the home loan in closing costs which does not fall between 3-5%.

The lender cannot be accepting these costs as this will lead to the lender incurring losses over a longer period after doing all the necessary calculations.

  • The lender has disbursed a home loan of $50000 on which he has estimated certain closing costs and are considered to be true and accurate. The costs are loan origination, title insurance, attorney's fees, appraisal, inspection, recording fees, escrow, etc.

  • The amounts will add up as a summation of all the fees and charges  as titles above are mentioned which will end up totaling to $3100

200+530+600+265+575+130+800=3100

  • The calculation of of costs in to the percentage of total home loan is calculated as dividing the cost with total loan amount which will be totaled as 6.2%.

\frac{3100}{50000} *100= 6.2

  • The costing of this home loan is way above the ideal range of 3-5% and is not worth disbursing and may be called back.

Hence, the correct option is C that the amounts of $3100 are not a reasonable amount of closing costs because the lender estimated 6.2% of the home loan in closing costs which does not fall between the range of 3-5%.

To know more about closing costs, please refer the link below.

brainly.com/question/2983378

Solution 2

Answer:c.

No, because the lender estimated 6.2% of the home loan in closing costs which does not fall between 3 - 5%

Step-by-step explanation:

Summation of the cost of loan =200+530+600+265+575+130+800

=3100

Now percentage of the estimate=

(3100/50000)*100%

=6.2%

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