Answer:
x+7>
Step-by-step explanation:
Answer:
No, equivalent quarterly rate will be approx 1.75%
Step-by-step explanation:
Given that Chan deposited money into his retirement account that is compounded annually at an interest rate of 7%.
We know that there are 4 quarters in 1 year.
So to find that equivalent quarterly we will divide given yearly rate by number of quarters.
That means divide 7% by 4.
which gives 1.75%.
But that is different than Chan's though of 2% quarterly interest.
Hence Chan is wrong.
Answer:
C(x) = 38.7
Step-by-step explanation:
C(x)= 0.09(130)+27
C(x)= 11.7+27
C(x)= 38.7
Mean =12
Standard devation= 3.2863
variance???
