4 pts
1 answer:
9514 1404 393
Answer:
- =FV(4.5%/12,30*12,-150,0)
- $113,907.92
- $54,000
- $59,907.92
Step-by-step explanation:
We have used the formula shown in Go.ogle Sheets to give the results shown. (We presume Excel has a similar function.)
The result is that the future value of the investment is $113,907.92.
The amount deposited is ($150/mo)(12 mo/yr)(30 yr) = $54,000.
The interest earned is the difference: $113,907.92 -54,000 = $59,907.92.
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Answer:
The box-and-whisker plot of this distribution is presented in the attached image to this solution.
Step-by-step explanation:
A box plot gives a visual representation of the distribution of the data, showing where most values lie and those values that greatly differ from the rest, called outliers.
A box and whiskers plot shows 5 major information about the distribution of data. It shows:
- The maximum variable.
- The minimum variable.
- The Median.
- The first quartile.
- The third quartile.
Further info such as the range and Inter quartile range can then be obtained from this 5-number summary.
The elements of the box plot are described thus;
The bottom side of the box represents the first quartile, and the top side, the third quartile. Therefore, the width of the central box represents the inter-quartile range.
The horizontal line inside the box is the median.
The lines extending from the box reach out to the minimum and the maximum values in the data set, as long as these values are not outliers. The ends of the whiskers are marked by two shorter horizontal lines.
Variables in the dataset, higher than Q3+(1.5×IQR) or lower than Q1-(1.5×IQR) are considered outliers and are usually shown using dots above the top whisker or below the bottom whisker.
The required boxplot for this question is given in the attached image to this solution.
The median for the boxplot isn't provided, but it was assumed to be midway between the first and third quartile.
Hope this Helps!!!
Answer:
Based on expert opinion the regression does not suffer from omitted variable bias
Step-by-step explanation:
<em>Based on expert opinion the regression does not suffer from omitted variable bias </em>because its indicators taking values of 1 and 0 where 1 would represent taking action by the legal system and 0 would represent not taking action by the legal system. as
The researcher plans to regress national income per capita based on the effect of the legal system
applying the formula for addressing omitted variable bias ( attached below )
