Answer:
545.119
Step-by-step explanation:
75 * (1 + .2/12)^10 * 12
75 * (1.016667)^10*12
Now things get a little tricky. What does 10*12 mean? I'm taking it to mean 120
75 * (1.016667)^120
75 * 7.268
545.119
Answer:
The answer is Option D:
<em>"The distribution of all values of the statistic resulting from all samples of size taken from the same population."</em>
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Step-by-step explanation:
First, is a distribution of all values. It has to include all the possible values of the statistic with its associated probability.
Second, is a distribution of a statistic because we are talking about sample results.
Third, it has to be taken from the same population and have to have the same sample size.
Like this variation of the problem! :)
We calculate the future value of the 6 annual deposits of $1500 at 8%:
F=1500(1.08^6-1)/(0.08)=11003.89
Since the last payment is due on the day of withdrawal, he would have paid $1500 to get back $11003.89, i.e. with an excess of 1003.89.
Therefore his last payment is 1500-1003.89=$496.11
Well, the difference between 120 and 90 is 30. So, for every snow blower they would make 30 dollars of profit. 30 × 200 = 6,000.
ANSWER= 6,000
