Commercial Finance Co. buys conditional sale contracts from furniture retailers at discounts that provide a 16.5% compounded monthly rate of return on the purchase price. What total price should Commercial Finance pay for the following three contracts: $950 due in 4 months, $780 due in 6 months, and $1,270 due in 5 months?

The same statistical techniques apply whether the data is interval,nominal,or ordinal.

A small herb garden is 5 1/4 feet by 5 1/3 feet. If there are 9 square feet in 1 square yard, compute the number of square yards that are in the herb garden.​

The expected value of a random variable is

A) the value of the random variable that should be observed on the next repeat of the experiment.
B) the value of the random variable that occurs most frequently.
C) the square root of the variance.
D) None of these alternatives is correct.