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DeAngela Sophia
Answers (3)
DS
Answered
In a histogram,each observation is assigned to one or more classes.
On May 28, 2024
False
DS
Answered
We frequently hear a news item that goes something like: "Joe Superstar signed a 5-year deal worth $25 million. Under the contract he will be paid $3 million, $4 million, $5 million, $6 million and $7 million in successive years." In what respect is the statement incorrect? How should the value of the contract be calculated?
On May 27, 2024
By simply adding the nominal amounts of the future payments, the statement ignores the time value of money. Most people will interpret the "value of the contract" in terms of current dollars. Therefore, the quoted value of the contract should be the present value of the future payments.
DS
Answered
Nonparametric statistical tests involve the estimation of population parameters.
On May 26, 2024
False