44. CEO compensation The total compensation of the chief executive officers (CEOs) of the 800 largest U.S. companies (the Fortun
e 800) averaged (in thousands of dollars) 10,307.31 with a standard deviation (also in $1000) of 17,964.62. Here is a histogram of their annual compensations (in $1000): 400 300 200 100 0 Compensation in $1000 100,000 200,000 0 a) Describe the histogram of Total Compensation. A research organization simulated sample means by drawing samples of 30, 50, 100, and 200, with replacement, from the 800 CEOs. The histograms show the distributions of means for many samples of each size
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Answer:
interest rate r = 6.78 %
Explanation:
given data
investment = $12,000
interest rate = 3.5 percent = 0.035
time = 5 year
interest rate = 7.9 percent = 0.079
time = next 15 year
to find out
What was your annual rate of return over the entire 20 years
solution
we get here interest rate as
interest rate r = ...................1
here t1 is time period for first 5 year and t2 is time i.e next 15 year and r1 and r2 is rate
now put here value we get
interest rate r =
interest rate r =
interest rate r = 1.0678 - 1
interest rate r = 0.0678
interest rate r = 6.78 %