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Savatey [412]
4 years ago
5

How does an outlier effect the mean of a population?

Mathematics
1 answer:
Allisa [31]4 years ago
7 0
An outlier causes the range of the population to move slightly towards the outlier.
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tigry1 [53]
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Joshua invested $750 in an account paying an interest rate of
Maslowich
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Step-by-step explanation:
Giving the following information:
Joshua:
Initial investment (PV)= $750
Interest rate (i)= 0.0341/4= 0.008525
Number of periods (n)= 18*4= 72 quarters
Josiah:
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Interest rate (i)= 0.0285
Number of periods (n)= 18 years
To calculate the future value of each one, we need to use the following formula:
FV= PV*(1 + i)^n
Joshua:
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Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
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