Wells Fargo lends you $500,000 to purchase a home in 2015 in…

Wells Fargo lends you $500,000 to purchase a home in 2015 in which you promise to pay back over the next 30 years at a 7% interest rate. Inflation in 2015 was 1%, but in 2016 inflation unanticipatedly skyrocketed to 11%. Who benefits from the unanticipated inflation?

Look at the output from Excel below. The test was run to det…

Look at the output from Excel below. The test was run to determine if bats are better at catching insects (which they eat) at night or in the day-time. The dependent variable was the number of insects that were caught. What can you conclude from the output? Provide any numbers you used to make this conclusion.