Answer:
1.97% and 2.01%
Explanation:
The computation of the effective annual rate is shown below:-
Effective annual rate = (1 + Annual percentage rate ÷ n)^n -1
For CD 1
= (1 + 0.0195 ÷ 12)^12 - 1
= (1 + 0.001625
)^12 - 1
= (1.001625
)^12 - 1
= 1.97%
For CD 2
= (1 + 0.02 ÷ 2)^2 - 1
= (1 + 0.01
)^2 - 1
= (1.01)^2 - 1
= 2.01%
CD 2 will recommend to the grandmother
Explanation:
This is circular flow model with three agents ; customers , governments and businesses.
There are two markets ; Goods and services market and factor market.
The two types of transaction are resources or monetary transaction.
▼ you buy a coffee at starbucks : It is a trade between companies, households with commodities and households. This is achieved via the demand for goods and services.
▼ the government buys some dell computers : This is the exchange of the money market between the government and goods and services. Assets are transferred from government to market for goods and services.
▼ a student works at kinko : The transaction includes the demand element from the household to the resource sector. It is a financial transaction between companies and households.
▼ donald trump rents a building to marriot hotels: It is a monetary transaction across the factor network from business to households. This is indeed a resource transaction between households and companies via the factor market.
▼you pay your income tax : This is indeed a money transaction between households and government.
1. The researcher is concerned about making a Type I error (which caused by incorrect rejection of a true null hypothesis), which concludes that there are differences between the placebo and medication groups when these are really due merely to chance.
2. <span> In order to decrease the likelihood of type I error, the researcher could reduce her probability (alpha) leve to .01 or even .001.
Other method that she could do even though it's not popular is reducing her sample size.
3. The same method to solve type 1 errors would not work in other studies. As the possibility of type 1 error increased, the possibility of type 2 error will be decreased (for example type 2 error could be reduced by </span><span>by increasing the power of your test)</span>
Answer:
$431,600
Explanation:
Calculation of Gross Estate of Felipe
Items Amount($)
Cash at bank $12,000
ABC BOND $5,000
Office building $300,000
Stock in Leck Corporation $10,000
Personal residence (50% include) $80,000
Accrued rent on office building $24,000
Accrued rent on bond $200
Outstanding dividend <u>$400 </u>
Gross estate <u>$431,600</u>
