Answer:
n= 11.65 years
Step-by-step explanation:
Giving the following information:
Present Value (PV)= $33,000
Future Value (FV)= $15,000
Decrease rate (d)= 7%
<u>To calculate the number of years it will take to reach $15,000; we need to use the following formula:</u>
<u></u>
n= ln(FV/PV) / ln(1+d)
n= ln(15,000/33,000) / ln(1.07)
n= 11.65 years
What does the black say, the options
8/12 is still owed, and when you simplify the fraction it becomes 2/3
Answer:
c. The Mean of Normal Distribution is related to the average of the data set. The Standard deviation is related to data variation.
Step-by-step explanation:
(a) No, mean don't tell us how much the data deviate from the average, Standard deviation tells us. So, Option (a) is incorrect.
(b) No, mean is greatly affected by extreme values. But Median is good to measure central tendency when there is outlier present in data. So, Option (b) is also incorrect.
(c) Here Mean and Standard deviation are correctly defined. Hence, this is only the correct answer.
(d) No, It is the definition of mean not of Standard Deviation. So, this option is also incorrect.
Further, Mean is used to measure the central tendency of data which represents the whole data in the best way. It can be found as the ratio of the sum of all the observations to the total number of observations.