Standard deviation is: It is a measure of how spread out numbers are. It is the square root of the Variance, and the Variance is the average of the squared differences from the Mean.
For example: To find the standard deviation, you have to add up all the numbers in the data set, then divide by how many numbers there are, and that will get you your answer.
Example, Say your data set is: 9, 2, 5, 4, 12, 7, 8, 11, 9, 3, 7, 4, 12, 5, 4, 10, 9, 6, 9, 4.
The Mean is: 9 + 2 + 5 + 4 + 12 + 7 + 8 + 11 + 9 + 3 + 7 + 4 + 12 + 5 + 4 + 10+ 9 + 6 + 9 + 4. Over 20. That equals: 104 over 20 = 7.
So, the Standard Variance and Mean is: 7 for this problem.
Hope I helped!
- Debbie
We have to calculate by multiplying 5,000 and total number of months
Answer:
F = $13,802.31
she can finance $13,802.31 with this loan.
Step-by-step explanation:
Given;
Rate r = 7% = 0.07
Time t = 4 years
Payment per month MP = $250
Number of months per year n = 12
This can be solved using compound interest for future value series formula;
F = future value
F = MP(((1 + r/n)^(nt) - 1)/(r/n))
Substituting the given values, we have;
F = $250(((1 + 0.07/12)^(12×4) - 1)/(0.07/12))
F = $13,802.31
