Answer:
$35,000
Step-by-step explanation:
The amount that would be repaid = amount borrowed + interest earned on loan
interest earned on deposit can be determined by determining the simple interest
Simple interest = principal x time x interest rate
principal = the amount deposited = 20,000
Time = the duration of the deposit =5
interest rate = the percentage on deposit that would be earned = 15
20,000 x 5 x 0.15 = $15,000
total = 20,000 + 15,000 = $35,000
Hi there
If the amount deposited at (end) of each year, use the formula of the (future/present) value of annuity ordinary
If the amount deposited at the (beginning) of each year use the formula of the (future/present) value of annuity due
So
FvAo=5,000×(((1+0.0245)^(5)−1)
÷(0.0245))
=26,255.38...answer
Hope it helps
Compab=a.b/|a|
b=<0,1,−2√10>
a.b= 2√10
|a| = √10
a.b/|a|=2√10 / √10=2
Answer:
Methods of obtaining a sample of 600 employees from the 4,700 workforce:
Part A: The type of sampling method proposed by the CEO is Convenience Sampling.
Part B: When there are equal number of participants in both campuses, stratification by campus would give a more precise approximation of the proportion of employees who are satisfied with the cleanliness of the breakrooms than stratification by gender. Another method to ensure that stratification by campus gives a more precise approximation of the proportion of employees who are satisfied with the cleanliness of the breakrooms than stratification by gender is to ensure that the sample is proportional to the proportion of each campus to the whole population or workforce.
Step-by-step explanation:
A Convenience Sampling technique is a non-probability (non-random) sampling method and the participants are selected based on availability (early attendees). The early attendees might be different from the late attendees in characteristics such as age, sex, etc. Therefore, sampling biases are present. All non-probability sampling methods are prone to volunteer bias.
Stratified sampling is more accurate and representative of the population. It reduces sampling bias. The difficulty arises in choosing the characteristic to stratify by.
