would Annabelle be able to pay off the loan with the lower montly payment in 5 years by setting aside $200 each month
1 answer:
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Answer:
The standard deviation will remain unchanged.
Step-by-step explanation:
Given
Solving (a): The range
This is calculated as:
Where:
So:
Solving (b): The variance
First, we calculate the mean
The variance is calculated as:
So, we have:
Solving (c): The standard deviation
This is calculated as:
--- approximately
Solving (d): With the stated condition, the standard deviation will remain unchanged.