I DONT KNOW WHAT THE ANSWER IS REALLY
Answer:
750
Step-by-step explanation:
Answer:
option (c) The mean age will stay the same but the variance will decrease
Step-by-step explanation:
Case I: For 3 executives of ages 56, 57 and 58
Number of executives, n = 3
Mean =
or
Mean = 57
Variance =
or
Variance =
or
Variance =
or
Variance = 1
For Case II: For 4 executives of ages 56, 57, 58 and 57
Number of executives, n = 4
Mean =
or
Mean = 57
Variance =
or
Variance =
or
Variance =
or
Variance = 0.67
Hence,
Mean will remain the same and the variance will decrease
Hence,
The correct answer is option (c) The mean age will stay the same but the variance will decrease
After three years, your investment would be $575. The formula is A=P(1+(r/n)^(n*t) where A is the final amount, P is the initial balance, r is the interest rate, n is the amount of time the interest is compounded in a year, and t is the amount of time that has passed.
P=500
r= 5% is which converted into a decimal by dividing 5 by 100 which is then 0.05
n= 1 since it is compounded annually
t= 3
Hope this helped.