$745 is deposited into an account that earns 4% simple interest for 8 years.
2 answers:
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Answer:
Oregon:
Median: 467.5
Mean: 451.33
Standard Deviation: 113.6
Washington:
median: 380
Mean: 396.6
Standard deviation: 56.3
Step-by-step explanation:
To calculate the median, we need to organize the price and select the value that is in the middle position.
To calculate the mean, we need to sum all the values and divide them by the number of values
To calculate the standard deviation, we need to square the distances between every price and the mean, sum it all and divide them by the number of values less 1 and finally calculate the square root.
So, for Oregon, the organized values are:
$295, $345, $460, $475, $538, $595
The median is a value between $460 and $475. it is calculated as:
The mean is:
The standard deviation is:
At the same way, we can calculate the median, mean, and standard deviation for Washington and get:
median: 380
Mean: 396.6
Standard deviation: 56.3