<span>The anser is(B):
Statistics is the science of​ collecting, organizing,​ summarizing, and analyzing information to draw a conclusion and answer questions. in​ addition, statistics is about providing a measure of confidence in any conclusions.
The first step in statics involves collection of the relevant information (data) that is required. This can be from the primary (first hand) source or from secondary source (information already collected and available from other sources)
The second step involves organization and analysis of the collected information or data
Then the last step is where the analyzed data is interpreted and presented in a form which one can be able to draw confident conclusions from it.</span>
Answer:
I will need to invest 64,669.73 dollars now.
Explanation:
We will calcualte the future value of the cabin considering the inflation:
Principal 150,000.00
time 15 years
inflation 0.04000
Amount 270,141.53
Then we calculate the present value of the lump sum at 15 years discounted at 10% which is the yield of the funds
Maturity 270,141.53
time 15 years
rate 0.10
PV 64,669.73
we would need to deposit 64,669.73 today to get enough cash to purchase the bcabin in 15 years.
Answer:
Explanation:
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Answer:
The athlete with equal installments got the better deal.
Explanation:
Two athletes each sign 10-year contracts for $80 million.
In one case, we’re told that the $80 million will be paid in 10 equal installments.
In the other case, the $80 million will be paid in 10 installments, but the installments will increase by 5 percent per year.
The one with equal installments will get $8 million every year.
But the one with increasing installments will get smaller payments initially as his payments were to be increased by 5% each year.
Though the total value of both the annuities will remain the same.
