Answer: Nominal
Explanation:
When the Nominal measurement scale is used, it means the data was sorted into labels or names which is why it is sometimes referred to as Named data. For instance, sorting dogs in a park into their species i.e Husky, American Bull, German Shephard etc.
There is no quantitative value and usually there is no ordering method to this measurement scale.
The professor sorted her students according to their majors which in this case acted as labels so the Professor was using the Nominal measurement scale.
Answer:
It is more profitable to receive $23,750 today than $25,000 in one year.
Explanation:
Giving the following information:
Future Value= $25,000
Present Value= $23,750
Risk-free interest rate= 6%
<u>We need to calculate the future value of $23,750. If it is higher, it is more convenient to receive $23,750 today.</u>
FV= PV*(1+i)^n
FV= 23,750*(1.06^1)
FV= $25,175
It is more profitable to receive $23,750 today than $25,000 in one year.
Answer:
The correct answer is "determine the goals".
Explanation:
To determine the best telecommunication technology to use to exchange information with your customers, you must first determine the objectives. First, he should determine the business values, analyze the interests and abilities, and fundamentally establish realistic objectives having done extensive research.
Have a nice day!
Answer:
- <u><em>D. $959.53</em></u>
Explanation:
<u>1. Calculate how much money the $4,000 deposit today will be worth 8 months from now:</u>
Where:
- Deposit = $4,000
- i = monthly compound interest = 6.5% / 12 = 0.065/12
- n = number of months (periods)
<u>2. Calculate how much additioanl money you will need:</u>
- Cost of the equipment - Future value of deposit
- $12,000 - $4,176.66 = $7,823.34
<u>3. Calculate the amount of additional money the organization must put in that investment account, at the end of each month for 8 months, to produce $7,823.34 over the $4,176.66.</u>
Use the formula for the future value, FV, of a constant periodic deposit, D, during n periods at the interest rate i:
- FV = $7,823.34
- D = your unknown
- i = 6.5% / 12 = 0.065/12
- n = 8