Nicholas can purchase the same furniture from Store A for $2,495 cash or from Store B for $2,560 with nothing down and no payments or interest for 8 months. Which option should Nicholas choose if he can pay for the furniture by cashing in Canada Savings Bonds currently earning 3.9% per annum?

A psychologist claims that more than 6.4% of the population suffers from professional problems due to extreme shyness.Identify the Type II error in this context.

A) The error of rejecting the claim that the true proportion is at most 6.4% when it really is at most 6.4%.
B) The error of accepting the claim that the true proportion is more than 6.4% when it really is more than 6.4%.
C) The error of rejecting the claim that the true proportion is more than 6.4% when it really is more than 6.4%.
D) The error of failing to accept the claim that the true proportion is at most 6.4% when it is actually more than 6.4%.
E) The error of failing to reject the claim that the true proportion is at most 6.4% when it is actually more than 6.4%.

The relative frequency associated with a particular class in the population is the probability of drawing a measurement from that class.

A property development company obtained a $2.5 million loan to construct a commercial building. The interest rate on the loan is 5% compounded semi-annually. The lender granted a period of deferral until rental revenues become established. The first quarterly payment of $100,000 is required 21 months after the date of the loan. How long after the date of the original loan will the last payment be made?