The equation for the problem is x(1+r)^t
X is the original deposit
R is the rate or percentage of growth
T is the time, in years
X=1800
R=.06
T= 6
F(x)=1800(1+.06)^6
=1800(1.06)^6
=1800(1.41852)
=2533.3344
The above is the future value of the money, to find out how much was gained by interest just subtract the original investment of 1800
2533.3344-1800=753.3344
So the answer is B
We have been given that Sebastian got estimates from 7 companies for his kitchen remodel: $ 27,500 ; $31,000 ; $36,000 ; $92,000; $29,000 ; $30,500 ; $28,500. We are asked to find the best measure of center for the given data.
We can see that our given data set has a large valued data point that is $92,000.
We know that mean is very much affected by large valued outliers. The data point $92,000 will increase the mean. Therefore, mean is not a best measure of center for given data.
We know that median is very less affected by outliers, therefore, median will be best measure of center for the given data.
164.38 = (1 x 100) + (6 x 10) + (4 x 1) + (3/10) + (8/100)
