Positive correlation means that if x goes up then y goes up, negative correlation means that if x goes up then y goes down. Since both x and y are increasing each time, it is positive.
Answer:
- mutual fund: $9000
- CDs: $71000
- return: $6220, an average of 7.775%
Step-by-step explanation:
Since the mutual fund is the lower yield vehicle, only the minimum should be invested there.
The investments and returns should be ...
mutual fund: $9000, return = 6% × $9000 = $540
CD: $71000, return = 8% × $71000 = $5680
The maximum return is ...
$540 +5680 = $6220
Answer:
x = 5
Step-by-step explanation:
(7x + 16) = 90 - 39
7x + 16 = 51
7x = 51 - 16 = 35
x = 5
