Canarsie Indians In 1626, so the story goes, the Dutch explorer paid the Canarsie Indians $24 for the is1and of Manhattan, now a borough of New York City. If the Canarsies had had the chance to deposit this money in a savings account that paid at an annual interest rate of 8% compounded continuous1y, what would have been the value of this account in the year 2000? To answer this question we calculate that in 2000, t = 374. By equation (9), then, A(374) = ($24)e0. 08C'74 l = $236,756,625,000,000. As an old adage says: Time is money!
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Canarsie Indians In 1626, so the story goes, the Dutch explorer paid the Canarsie Indians $24 for the is1and of Manhattan, now a borough of New York City. If the Canarsies had had the chance to deposit this money in a savings account that paid at an annual interest rate of 8% compounded continuous1y, what would have been the value of this account in the year 2000? To answer this question we calculate that in 2000, t = 374. By equation (9), then, A(374) = ($24)e0. 08C'74 l = $236,756,625,000,000. As an old adage says: Time is money!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
