The median, because the data is not symmetric and there are outliers is the data is not symmetric and there are outliers.
The median of the data set is 8 cakes, while the average is 7.5.
However, 21 of the 31 chefs, or roughly 2/3, made 8 or more cakes. This makes the median a better center for this data, since the data is clearly skewed. The four chefs that made 1 cake each brings the average down, skewing the mean and making the median a better representation of the data.
Answer:
Hmmmm, very tricky question but I'll figure it out and type it in the comments
Yes it is the answer that is last on the list because it is that answer
Answer:
C
Step-by-step explanation:
Answer:
$501,049.37
Step-by-step explanation:
For computing the amount after 22 years we need to applied the future value which is shown in the attachment below:
Given that
PMT = $9,000
NPER = 22 years
Annual rate = 0.078
Quarterly= 0.078 ÷ 4 = 0.0195
Effective annual rate = (1.0195^4) - 1 = 0.0803113041
Now applied the formula which is given below
= -FV(RATE;NPER;PMT;PV)
After applying the above formula, the future value is $501,049.37
