The answer is the mean.
"For a data set, the arithmetic mean, also called the mathematical expectation or average, is the central value of a discrete set of numbers: specifically, the sum of the values divided by the number of values."- Wikipedia
To know if the classmate’s family is actually wealthy, one will need to know their assets and their debt.
<h3>What is an asset?</h3>
In financial accounting, an asset means a resource that is owned or controlled by a business or an economic entity. An asset is anything that can be used to produce positive economic value.
Assets represent the value of ownership that can be converted into cash and the examples of personal financial assets include cash and bank accounts, real estate, personal property like furniture and vehicles, and investments such as stocks, mutual funds, and retirement plans.
In this case, through the assets, one will be able to know that they're wealthy. The debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. This is the money that they owe.
The asset should more than the debt.
Learn more about assets on:
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Answer: $1200
Explanation:
The amount of telephone bill Craig has to pay each month: $720/12= $60
His earnings each month: $60 x 20 = $1200
Answer: x = -5 and y = -5
Step-by-step explanation:
They drew the linear graph for the simultaneous equations on the graph already
The answer the the equations is the intersection of the lines which is (-5,-5) or x = -5 and y = -5
A= P(1 + r/n) ^nt
21000=7000(1+0.055/2)^1t
t = 20.52 years
