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fredd [130]
3 years ago
15

You have a chance to buy an annuity that pays $2,450 at the beginning of each year for 3 years. You could earn 5.5% on your mone

y in other investments with equal risk. What is the most you should pay for the annuity?
Business
1 answer:
katen-ka-za [31]3 years ago
8 0

Answer:

$6,972.70

Explanation:

The computation of the annuity paying amount is shown below:

= Buying amount of annuity × annuity rate for 3 years at 5.5%

= $2,450 × 2.846

= $6,972.70

Refer to the annuity table

Simply we multiplied the buying amount with its annuity rate for 3 years at 5.5% so that the accurate amount can come i.e annuity paying amount

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ipn [44]

Answer:

The true statement is " The spread is from 1 to 6."

Explanation:

Consider the provide information.

First we will draw the dot plot as shown in the figure.

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Now find the center of the data by calculation the median of the data.

There are 16 dots in total which is an even number.

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Count from left to right the 8th and 9th values are both 4.

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3 years ago
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The formula for calculating the Confidence Interval is as follows:

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Substituting know values on the equation:

Confidence Interval = 10.36 +- ( 1.96 * 5.31) / √30

Confidence Interval = 8.46 and 12.26

Hence the bill of lunch orders ranges from 8.46 to 12.26.

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The correct option is A. a certification mark.

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