I’m still stuck on this
1 answer:
Using the frequency table, you can roughly imagine the how the histogram/graph of the values will look in your head. The closer you are to 0, the higher the frequencies, so the higher bars that you graph. As you get further away, the frequencies get smaller, so the bars you graph will also be shorter. The graph will look something similar to middle graph in the picture I attached.
So now its time to match the look of the graph to the types of distributions you have. It's clearly not uniform/bell-shaped (those are the same thing) because its not symmetrical like the graph on the left in the picture I attached. It's not left-skewed like the graph on the right because our graph is higher on the left. That leaves right-skewed as the correct answer.
In right-skewed distributions, the mean<span> is typically greater than the median. You also could have tackled the problem by finding the mean and the median, but the way above is faster.</span>
So now its time to match the look of the graph to the types of distributions you have. It's clearly not uniform/bell-shaped (those are the same thing) because its not symmetrical like the graph on the left in the picture I attached. It's not left-skewed like the graph on the right because our graph is higher on the left. That leaves right-skewed as the correct answer.
In right-skewed distributions, the mean<span> is typically greater than the median. You also could have tackled the problem by finding the mean and the median, but the way above is faster.</span>
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Answer:
Monthly payments=$418.14
Total amount will be=down payment + 48×$418.14
$14000+$20070.84=$34070.84
Step-by-step explanation:
Loan payment per month=Amount to pay÷discount factor
Mathematically P=A÷D
where D is the discount factor calculated using the formula;
where i=periodic interest rate=annual rate divided by number of payment periods
A is the amount to pay after downpayment
P is the loan monthly payment amount
n=number of periodic payments=payments per year times number of years
⇒In this question you find the discount factor then divide the amount remaining to pay with the discount factor to get monthly payments
Given;
Cost of boat=$32000
Down payment=$14000
Loan to pay=$32000-$14000=$18000
Annual rate=5.5%=i=5.5%÷12=0.458%⇒0.00458
Periodic payments, n=4×12=48
Finding the discount factor D;
To get the amount to pay monthly divide the loan to pay with the discount factor
Monthly payments=$418.14
Total amount will be=down payment + 48×$418.14
$14000+$20070.84=$34070.84