Answer:
C. 16 months faster
Step-by-step explanation:
You can solve this using a Financial calculator( TI BA II plus in this case)
First, find number of months if recurring monthly payment is $38.50;
Amount borrowed ; PV = -950
Monthly rate ; I/Y = 7.2%/12 = 0.6%
Monthly payment; PMT = 38.50
Future value ; FV = 0
Total duration; press CPT, N = 26.785 OR 27 months
Next, find number of months if recurring monthly payment is $93;
Amount borrowed ; PV = -950
Monthly rate ; I/Y = 7.2%/12 = 0.6%
Monthly payment; PMT = 93
Future value ; FV = 0
Total duration; press CPT, N = 10.573 OR 11 months
Difference = 27 -11 = 16
Therefore, she would be able to pay off the loan 16 months faster.
Answer:
No.
Step-by-step explanation:
According to the law of exponent:-
Therefore:-
We' supposed to indicate which statement is true/false.
Note that, if a sample size is 40 or over, we can use the t distribution even with skewed data. So it's not highly sensitive to non-normality of the population from which samples are taken. So statement A is false.
It's true that the t-distribution assumes that the population from which samples are drawn is normally distributed. So B is true.
For skewed data or with extreme outliers, we can't use the t distribution. We only use t distribution as long as we believe that the population from which samples are drawn is closed to a bell-shape. So C is true.
Lastly, statement D is against statement C. So D is false.
30 visited nepal only 25 visited Pakistan only. 15 tourists at the intersection of the two circles and 1130 have not visited either
I believe you are right with all of them.
