Step-by-step explanation:
The field of statistics is the science of learning from data. Statistical knowledge helps you use the proper methods to collect the data, employ the correct analyses, and effectively present the results. Statistics is a crucial process behind how we make discoveries in science, make decisions based on data, and make predictions. Statistics allows you to understand a subject much more deeply.
Y=15000 e^(0.0175×t/12)
Y future value
15000 present value
E constant
1.75/100=0.0175 Interest rate
T time
12 number of months in a year
Hope it helps!
If you have only white shirts in your closet, the probability of pulling a red shirt would be 0/x, where x represents the total number of shirts in the closet.
