Median, upper quartile, and maximum are all incorrect
We have been given that Anil borrows $80 000 to buy a business. The bank gives him a loan, with an interest rate of 2% each year. We are asked to find the total amount paid back by Anil to bank after 10 years.
We will use simple interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
t = Time in years.
Let us convert 2% into decimal.
We have 
and 
, so we will get:
Therefore, Anil will pay 
to the bank after 10 years.
For the levels of qualitative, the variable called dummy variables is used in the multiple regression method.
According to the statement
we have given that the by which method we use the different levels of a qualitative independent variable and we have to explain about it.
So, For his purpose, we know that the
A dummy variable is a variable that takes values of 0 and 1, where the values indicate the presence or absence of something.
And in the multiple regression method there are a lot of different variables which are used for a qualitative and for this a variable is used which is called the dummy variables.
By this variables we show the analysis between the given data. it gives the output in the 0 and 1 numbers.
So, For the levels of qualitative, the variable called dummy variables is used in the multiple regression method.
Learn more about the Dummy variables here
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