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AS

Answered

Sampling distributions describe the distributions of:

A) sample statistics.
B) population parameters.
C) both parameters and statistics
D) None of these choices.

On Sep 28, 2024


A
AS

Answered

Winchell Plastics plans to buy a new delivery truck. The company can borrow $16,000 for 15 months at 15% compounded monthly. If Winchell borrows the money at this rate, how much will it have to pay in interest? (Use Tables 16-1A&B or a calculator.)​

On Sep 23, 2024


0.15 ¸ 12 = 0.0125; 15 months; $16,000 ´ 1.20483 = $19,277.28;
$19,277.28 - $16,000 = $3,277.28 interest​