The real return is the difference between the nominal and actual rate of inflation. Therefore, the real return revived by Luigi will be 6%.
<u>Given</u><u> </u><u>the</u><u> </u><u>Parameters</u><u> </u><u>:</u>
- <em>Nominal rate = 7% </em>
- <em>Actual rate of inflation = 1%</em>
<em>Real return = Nominal rate - Actual rate of return </em>
Real Return = 7% - 1% = 6%
Therefore, the real return on Luigi's money would be 6%
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Answer:
b. The number of digits in a randomly selected row until a 3 is found.
Explanation:
A random variable often used in statistics and probability, is a variable that has its possible values as numerical outcomes of a random experiment or phenomenon. It is usually denoted by a capital letter, such as X.
In statistics and probability, random variables are either continuous or discrete.
1. A continuous random variable is a variable that has its possible values as an infinite value, meaning it cannot be counted.
2. A discrete random variable is a variable that has its possible values as a finite value, meaning it can be counted.
Also, any random variable that meets certain conditions defined in a research study.
Hence, an example of a geometric random variables is the number of digits in a randomly selected row until a 3 is found.
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