Answer:
15.14%
Step-by-step explanation:
The formula for APR is stated thus:
APR=fees+interest/principal/n*365*100
principal is the loan amount of $700
fees is the processing fees on the loan which is $50
interest amount=principal*interest %=$700*8%=$56
n is the number of days of the loan which is a year i.e 365 days
APR=($50+$56)/$700/365*365*100
APR=$106/$700/365*365*100
APR=0.151428571
/365*365*100
APR=0.151428571
*100=15.14%
The annual percentage rate on the loan is 15.14% which represents the actual cost on the loan not just the interest cost of 8% annually
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Answer:
Absenteeism significantly increases cost.
Step-by-step explanation:
We are given the following in the question:
The Sensor Dynamics Corporation did a scientific study on the impact of absenteeism on increased costs.
The correlation between the two was found to be 0.7
Correlation:
- It is a measure of linear relationship between two quantities.
- A positive correlation means that an increase in one quantity leads to an increase in another quantity
- A negative correlation means with increase in one quantity the other quantity decreases.
- Values between 0 and 0.3 tells about a weak positive linear relationship, values between 0.3 and 0.7 shows a moderate positive correlation and a correlation of 0.7 and 1.0 states a strong positive linear relationship.
Thus, we can say that there is a high positive correlation between absenteeism and cost.
Thus, absenteeism significantly increases cost.
Converse I think but I’m not sure
Answer:
x = 2
Step-by-step explanation:
