Statistics are used in place of parameters for making decisions since they are simpler to collect.
<h3>What are the guidelines?</h3>
In general, a parameter is any feature that aids in describing or categorizing a certain system. In other words, a parameter is a component of a system that is crucial or useful for identifying the system or assessing its functionality, status, or other characteristics.
To describe the entire population under study, a parameter is utilized. For instance, we are interested in learning the typical length of a butterfly. This information about the total butterfly population makes it a parameter.
Three different parameter kinds,
- Value Specifiers.
- Parameters of Reference.
- output variables
To learn more about parameters, refer to:
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Answer:
FV= $1,259.71
Explanation:
Giving the following information:
Initial deposit (PV)= $1,000
Number of periods (n)= 3 biannual years
Interest rate (i)= 8% = 0.08
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 1,000*(1.08^3)
FV= $1,259.71
Answer:
$3,250.00
Explanation:
Cost price for the truck is $42,000
Salvage value for truck is $3000
Depreciable amount is cost price - salvage value
= $42,000 - $3000
=$39,000
The truck has three years of useful life: depreciation per year will be
=$39,000/3
=$13,000
In 2019, the truck operated for three months, ( October, November, and December)
The amount of depreciation to be recorded in 2019
=$13,000/12 x 3
=$,083.3333333 x 3
=$3,250.00
<span>For the answer to the question above, the $25,000 due in 90 days.
I'll use 365 days per year. 10% simple discount:
25000*0.10(90/365) = 616.44
Cash in hand at the beginning of the 90 days:
25000 - 616.44 = 24,383.56
Solve for r: 616.44 = 24383.56*r*(90/365)
r = 0.10252837 or the nearest answer is letter <span>C. 10.26%
It is not exact because maybe he rounded off the </span></span>24383.56