The data set below has 7 values. Find the mean absolute deviation for the data set. If necessary, round your answer to the neare
1 answer:
You might be interested in
Answer: σ: 2.76
Step-by-step explanation:
Count, N: 5
Sum, Σx: 125
Mean, μ: 25
Variance, σ2: 7.6
Steps
look at attached pic for formula
σ^2 =
⇒
⇒ 7.6
σ =
⇒ 2.756809750418
⇒ or 2.76
Answer:
C) $10,000 invested at 6.7% compounded quarterly over 7 years yields the greater return.
Step-by-step explanation:
-We determine the effective interest rate in both scenarios and use it to calculate the investment's value after 7 years.
#Given n=7yrs, P=$10,000 and i=6.6% compounded monthly:
#Given n=7rs, P=10000, i=6.7%
Hence, the investment has the largest value($15,921.75) when the interest rate is compounded quarterly.