1. In a discussion of SAT Mathematics (SATM) scores, someone comments: "Because only a select minority of California high school students take the test, the scores overestimate the ability of typical high school seniors. I
think that if all seniors took the test, the mean score would be no more than 460." You do not agree with this
claim and decide to use the SRS of 600 seniors to assess the degree of evidence against it. Those 600 seniors had a
mean SATM score of x = 480. Is this strong enough evidence to
conclude that this person's claim is wrong?
Assume that standard deviation= 200. Complete an 8-step hypothesis test.

the answer is 15% decrease

answer   download the app called socratic on your phoner:

step-by-step explanation:

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.