The present value of the investment is $6000.
According to the statement
Principal amount = $500
and Return amount = 10.5%
Time period = 20 years.
Now we find the present value of money then
By the formula
PV = P[1-(1+r)^n]/r
PV = 500[1-(1+0.10)^20]/0.10
PV = 6000
So, The present value of the investment is $6000.
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Randomly assigned group. the art class isn't random and only consists of a select type of people--it is not a representative sample; maybe more left handed people enjoy art than do right handed people! therefore, even though the randomly assigned group is smaller, it is the better estimate.
Answer:
Step-by-step explanation:
1 and 5
The correlation coefficient measures the relationship between the two variables
The correlation coefficient is 0.234
<h3>How to determine the correlation coefficient</h3>
The formula of correlation coefficient is:
Using the dataset from the complete question, we have:
Evaluate the difference
Evaluate the quotient
Approximate
Hence, the correlation coefficient is 0.234
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