Answer:
4. It should be less than coefficient on str in the first regression
Step-by-step explanation:
Since the str and income are positively correlated and the coefficient on income in the second regression is positive, the coefficient on str in the second regression therefore should be less than coefficient on str in the first regression.
Answer:
4,352
Step-by-step explanation:
17 × 16 × 8 × 2
4352
I can’t see the photo sorry
Answer:
A
Step-by-step explanation:
I am to determine the future value of Thomas' deposit with annual compounding
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
840 x (1.075)^5 = 1205.93
I am to determine the future value of Sherill's deposit in 5 years using simple interest
The amount that would be in the account = amount deposited + interest earned on deposit
interest earned on deposit can be determined by determining the simple interest
Simple interest = amount deposited x time x interest rate
1250 x 0.069 x 5 = 431.25
Amount that would be in her account after 5 years = 1250 + 431.25 = 1681.25
Sheril's money is higher by - 1681.25 - 1205.93 = 475.32
