The savings account that would earn the least amount of money is the account that earns a simple interest monthly.
<h3>What does simple interest and compound interest mean?</h3>
Simple interest rate is the interest that is paid only on the principal portion of a loan. This means that the debtor does not pays interest on the interest rate already accrued. This differs from compound interest where the debt holder pays interest on the principal and the interest rate already accrued.
This means that an account that earns a compound interest would have a higher yield when compared with an account that earns a simple interest.
To learn more about compound interest, please check: brainly.com/question/26367706
Answer:
Market
Explanation:
Producer surplus is the difference between the market price and the minimum price at which a producer would be willing to sell a particular quantity.
Producer surplus is known to be the total amount that a producer benefits or gains from producing and selling a quantity of a good at the market price. The total revenue that a producer receives from selling their goods minus the total cost of production equals the producer surplus.
a) ( 0.8509718, 0.8890282)
b) ( 0.7255, 0.7745)
Explanation:
(a)
Given that , a = 0.05, Z(0.025) =1.96 (from standard normal table)
So Margin of error = Z × sqrt(p × (1-p)/n) = 1.96 × sqrt(0.87 × (1-0.87) / 1200)
=0.01902816
So 95 % confidence interval is
p+/-E
0.87+/-0.01902816
( 0.8509718, 0.8890282)
(b)
Margin of error = 1.96 × sqrt (0.75 × (1-0.75) / 1200) = 0.0245
So 95% confidence interval is
p+/-E
0.75+/-0.0245
( 0.7255, 0.7745)
Answer: Option A
Explanation: In simple words, lead qualification refers to the process under which the salesperson tries to evaluate whether the prospect he or she is analyzing has the ability and will to buy the product, that is, if the prospect is suitable for becoming customer.
In this stage, the outcome will result only in a yes or no and if it comes to yea then the salesperson will further evaluate whether the prospect can be a successful long term customer.
Hence from the above we can conclude that the correct option is A.
