If two variables, x and y, have a strong linear relationship, then
A) there may or may not be any causal relationship between x and y. B) x causes y to happen. C) y causes x to happen. D) the F test is used to conclude there is a causal relationship between x and y.
How much more will an investment of $10,000 earning 8% compounded annually be worth after 15 years than after 10 years? Calculate the difference in dollars and as a percentage of the smaller maturity value.
Calculate the maturity value of the five-year compound-interest GIC whose interest rate for each year is given. Also calculate the dollar amount of interest earned in the fourth year.
−28.275x8.25-\frac{28.275 x}{8.25}−8.2528.275x or -3.4273x
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SXF, Inc. had net sales of $450,000 and net income of $35,000. Compute the relationship of net income to net sales. Express your answer as a percentage. (Round answer to two decimal places.)