Kristen invests $5,000 in a bank. The bank pays 6.45% interest compounded semi-annually. How much money will she have after 2 ye
1 answer:
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Answer:
≈50.6
Step-by-step explanation:
Not sure what precision level this problem is looking for, but for right-skewed distributions, we know that the mean is going to be pulled right and therefore the mean should be larger than the median. To a high confidence level, the mean should fall between 50 and 59, or in the third column.
If a single estimation is wanted, assume the values inside each column are uniformly distributed:
The answer is D. 63. You have to set up a proportion as shwon in the image.
