Rental Income A woman has $750,000 invested inthree rental properties. One yields an annual return of12% on her investment, and the second returns 15%per year on her investment. The third investmentreturns 10% and is limited to1/2 the sum of the othertwo investments. Her total annual return from thethree investments is $89,500. How much is investedin each property?
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.
Rental Income A woman has $750,000 invested in
three rental properties. One yields an annual return of
12% on her investment, and the second returns 15%
per year on her investment. The third investment
returns 10% and is limited to
1/2 the sum of the other
two investments. Her total annual return from the
three investments is $89,500. How much is invested
in each property?
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