Answer:
<h2>Option A is the answer(here the answer is calculated taking the whole value, without approximating it to a nearest value)</h2>
Step-by-step explanation:
Annual interest rate is 2.75%. Hence, the monthly interest rate is 
The amount will be compounded 
times.
Every month they deposits $500.
In the first month that deposited $500 will be compounded 240 times.
It will be ![500\times [1 + \frac{2.75}{1200} ]^{240}](https://tex.z-dn.net/?f=500%5Ctimes%20%5B1%20%2B%20%5Cfrac%7B2.75%7D%7B1200%7D%20%5D%5E%7B240%7D)
In the second month $500 will be deposited again, this time it will be compounded 239 times.
It will give ![500\times [1 + \frac{2.75}{1200} ]^{239}](https://tex.z-dn.net/?f=500%5Ctimes%20%5B1%20%2B%20%5Cfrac%7B2.75%7D%7B1200%7D%20%5D%5E%7B239%7D)
Hence, the total after 20 years will be ![500\times [1 + \frac{2.75}{1200} ]^{240} + 500\times [1 + \frac{2.75}{1200} ]^{239} + ........+ 500\times [1 + \frac{2.75}{1200} ]^{1} = 160110.6741](https://tex.z-dn.net/?f=500%5Ctimes%20%5B1%20%2B%20%5Cfrac%7B2.75%7D%7B1200%7D%20%5D%5E%7B240%7D%20%2B%20500%5Ctimes%20%5B1%20%2B%20%5Cfrac%7B2.75%7D%7B1200%7D%20%5D%5E%7B239%7D%20%2B%20........%2B%20500%5Ctimes%20%5B1%20%2B%20%5Cfrac%7B2.75%7D%7B1200%7D%20%5D%5E%7B1%7D%20%3D%20160110.6741)
Answer:
a. is not found to be significant.
Step-by-step explanation:
Regression analysis is a statistical technique which is used for forecasting. It determines the relationship between two variables. It determines the relationship of two or more dependent and independent variables. It is widely used in stats to find trend in the data. It helps to predict the values of dependent and independent variables. In the given question, there are 25 observations and the regression equation is given. X and Y are considered as dependent variables.
Let numbers of books be 'b' and numbers of CDs be 'c'
We can set up two equations:
Equation [1] ⇒
Equation [2] ⇒
We are solving for the number of books and the number of CDs bought
When we have two equations in terms of two different variables;
and
, that we need to solve, then this becomes a simultaneous equation problem.
First, rearrange Equation [1] to make either
or
the subject:
Then we substitute
into Equation [2]
Now we know the value of
which is
, substitute this value into
we have
Answer:
Numbers of books = 13
Numbers of CDs = 7
Part A: Linear function
explanation:
The table for the value of the two cars with time are given as follows;
Years Car 1 Car 2
1 18,500 18,500
2 17,390 17,500
3 16,500 16,346.6
Plotting the give data, we have;
From the plot of the data, the function that can be used to describe the values of both cars after a fixed number of years is a linear function
Hope this helps a bit
