Answer:
This is a short and direct template I used to get my job, and it works pretty well.
Explanation:
Answer: (C) Cluster sample
Explanation:
The cluster sampling is one of the sampling method type that is used for analyzing the given data or information from the given sampling cluster. In the cluster sampling method, the researches basically dividing the statistical population into the individual or separate group for analyzing the data.
According to the given scenario, the cluster sample is one of the type of sample which us use for the given estimated problem.
The Cluster sampling is also refers as the one stage sampling process if the each element in the cluster are sampled together.
Therefore, Option (C) is correct.
First, we calculate for the effective annual interest given the interest in the scenario.
ieff = (1 + i/m)^m - 1
Substituting the values,
ieff = (1 + 0.04/12)^12 - 1 = 0.0407
The effective interest is equal to 4.07%.
The future amount after 2 years,
F = ($6000) x (1.0407)^2 = $6498.86
