Penny invested $320 at the start of the year. At the end of the year, she had $345. What is the annual effective yield of her investment? Input your answer as a percentage to two decimal places but omit the% sign (7.2564% should be input as 7.26)
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.
Penny invested $320 at the start of the year. At the end of the year, she had $345. What is the annual effective yield of her investment? Input your answer as a percentage to two decimal places but omit the% sign (7.2564% should be input as 7.26)
Trending now
This is a popular solution!
Step by step
Solved in 3 steps