You just paid $435,000 for a policy that will pay you and your heirs $17,300 per year forever with the first payment in one year
1 answer:
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Answer:
a) From the chart crated with Microsoft Excel, we have that the correlation coefficient, r = √0.8581 ≈ 0.93 to the nearest hundredth
The steps used includes
1) Inputting the given data into the cells on a Microsoft Excel spread sheet
2) Highlighting and sorting the data in the cells in order of increasing Rainfall
3) Generating a dot plot using the sorted data from above
4) Adding the trend line, Square of the linear regression, and the trend line equation
5) Adding the axis labels
(b) The correlation coefficient states that there is a strong positive correlation between the monthly rainfall and and Umbrella sales
Step-by-step explanation:
Answer:
The amount invested as certificates of deposit is $ 35,000 and The amount invested as bonds is $ 41,000
Step-by-step explanation:
Given as :
The total amount to be invested as bonds and certificates of deposit (CD) = $76,000
Let the amount invested as bonds = $ x + $6000
And The amount invested as CD = $ x
Now, According to question
The amount invested as CD + The amount invested as bonds = $ x + $ x + $6000
Or, $ x + $ x + $6000 = $76,000
Or, $ 2x = $76,000 - $6000
So, $ 2x = $70,000
∴ x = = $ 35,000
And $ x + $6000 = $ 35,000 + $6000 = $ 41,000
Hence The amount invested as certificates of deposit is $ 35,000 and The amount invested as bonds is $ 41,000 Answer