Marina Is Coming Up on the End of a Closed-End

question 141

Multiple Choice

Marina is coming up on the end of a closed-end lease on her 2007 Ford Edge.Her contract stipulates a $0.35 per mile excess mileage charge in excess of 39,000 miles.If she actually drove the vehicle 35,000 miles during the three years,which of the following is not one of her options?

• A)Turn the vehicle back over the leasing company and receive $1,400 ($.35 x 4,000) refund for driving the car fewer miles than anticipated.
• B)Turn the vehicle back over to the leasing company.
• C)Buy the vehicle at its residual value.
• D)All of these are options for Marina.

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Definitions:

Psychosomatic Problems

Health issues that arise from or are significantly influenced by the mind and emotions rather than purely physiological causes.

Expected Value

The weighted average of all possible values of a random variable, representing its mean or center.

Variance

A statistical measurement that describes the spread of numbers in a data set, calculated as the average of squared deviations from the mean.

Probability

A numerical range from 0 to 1 signifying the chances that an event will happen.