Answers

CE

Answered

The 'assumption of normality' refers to ______.

A) the shape of the distribution for a variable
B) people's behavior and personality
C) descriptive statistics
D) the nature of the relationship between samples and populations

On Jun 22, 2024


A
CE

Answered

For the standard normal probability distribution, the area to the right of the mean is

A) 1.
B) 3.09.
C) 1.96.
D) 0.5.

On Jun 20, 2024


D
CE

Answered

Monthly payments of $484.99 are to be made on a loan of $20,000 at 7.7% compounded quarterly for four years. How much principal is paid off in the 20th payment?

On May 22, 2024


$403.35
CE

Answered

When s is used to estimate σ, the margin of error is computed by using the

A) normal distribution.
B) t distribution.
C) mean of the sample.
D) mean of the population.

On May 21, 2024


B
CE

Answered

What monthly compounded nominal rate would put you in the same financial position as 5.5% compounded semiannually?

On May 20, 2024


5.44% compounded monthly