Asa's most recent credit card statement had a balance of $2,622.77.The minimum payment warning box indicates that it will take 12 years to pay off the card if he makes the minimum payment of $28 per month.If he makes a monthly payment of $100,it will take 3 years to pay off the balance.What will be the percent increase in total payments if Asa only pays the minimum rather than the $100 per month?

If two variables are significantly correlated,this means that one variable causes the other.

You can use a continuous random variable to ____________________ a discrete random variable that takes on a countable,but very large,number of possible values.

A sample is chosen randomly from a population that was strongly skewed to the right.Describe the sampling distribution model for the sample mean if the sample size is small.

A) Skewed right,centre at ?,standard deviation ?/ $\sqrt{n}$
B) Normal,centre at ?,standard deviation $\sqrt{\sigma /n}$
C) There is not enough information to describe the sampling distribution model.
D) Normal,centre at ?,standard deviation ?/ $\sqrt{n}$
E) Skewed right,centre at ?,standard deviation $\sqrt{\sigma /n}$

Determine the future value (accurate to the cent) of the ordinary general annuity:

An individual wants to receive end-of-month payments of $1,200 for 20 years after she retires 15 years from now. What lump amount must she invest today to provide the retirement income? Assume the investment earns 7% compounded monthly for the entire 35 years.

A) $49,864.93
B) $54,645.42
C) $54,328.50
D) $187,835.65
E) $155,681.89