<u>Given</u>:
Time,
t = 20 years
Rate,
r = 4.4%
Price
= $8,375
Now,
The yield will be:
=
= (%)
Time will be:
=
=
As we know the formula,
⇒
By substituting the values, we get
The face value will be:
($)
Learn more about face value here:
Explanation:
Given information:
From that we can see the data set is {4,5,5,6,6,6,6,7,7,7,7,8,8,8,9,9,10,10} which produces the dot plot you see in the image attachment below.
It's a bit tricky to see, but the graph is nearly symmetrical. If we were to remove the blue points in the dot plot I provided, then we'll get a perfectly symmetrical distribution. Symmetrical means one half is a mirror copy of the the other half. The center line of a symmetrical distribution is both the mean and median.
