EBK BUSINESS MATH
11th Edition
ISBN: 8220103632072
Author: NOBLE
Publisher: Pearson Education (US)
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Chapter 7.3, Problem 2-5SC
To determine
To calculate: The standard deviation of set of the data 72, 75, 68, 73, 69.
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1. Leigh plans to invest $2500 for 4 years. She is considering two options:
• A compound interest Guaranteed Investment Certificate (GIC) earning 5.6%
per year for 4 years
•
A simple interest government bond earning 6.1% per year for 4 years
a) Determine the total interest earned for each option at the end of each year.
GIC
Year
Principal
Interest earned
(5.6%)
Total interest
1
2
3
4
Government Bond [2 Marks]
Interest earned
(6.1%)
Year
Principal
1
2
3
4
b) Which is the better option? Explain.
Total interest
c) If Leigh can only invest for 3 years, which is the better option? Explain.
Chapter 7 Solutions
EBK BUSINESS MATH
Ch. 7.1 - Prob. 1-1SCCh. 7.1 - Prob. 1-2SCCh. 7.1 - Prob. 1-3SCCh. 7.1 - Prob. 1-4SCCh. 7.1 - Prob. 1-5SCCh. 7.1 - Prob. 2-1SCCh. 7.1 - Prob. 2-2SCCh. 7.1 - Prob. 2-3SCCh. 7.1 - Prob. 2-4SCCh. 7.1 - Prob. 2-5SC
Ch. 7.1 - Prob. 3-1SCCh. 7.1 - Prob. 3-2SCCh. 7.1 - Prob. 3-3SCCh. 7.1 - Prob. 3-4SCCh. 7.1 - Prob. 1SECh. 7.1 - Prob. 2SECh. 7.1 - Prob. 3SECh. 7.1 - Prob. 4SECh. 7.1 - Prob. 5SECh. 7.1 - Prob. 6SECh. 7.1 - Prob. 7SECh. 7.1 - Prob. 8SECh. 7.1 - Prob. 9SECh. 7.1 - Prob. 10SECh. 7.1 - Prob. 11SECh. 7.1 - Prob. 12SECh. 7.1 - Prob. 13SECh. 7.1 - Prob. 14SECh. 7.1 - Prob. 15SECh. 7.1 - Prob. 16SECh. 7.1 - Prob. 17SECh. 7.1 - Prob. 18SECh. 7.1 - Prob. 19SECh. 7.1 - Prob. 20SECh. 7.1 - Prob. 21SECh. 7.2 - Prob. 1-1SCCh. 7.2 - Prob. 1-2SCCh. 7.2 - Prob. 1-3SCCh. 7.2 - Prob. 1-4SCCh. 7.2 - Prob. 1-5SCCh. 7.2 - Prob. 1-6SCCh. 7.2 - Prob. 2-1SCCh. 7.2 - Prob. 2-2SCCh. 7.2 - Prob. 2-3SCCh. 7.2 - Prob. 2-4SCCh. 7.2 - Prob. 2-5SCCh. 7.2 - Prob. 2-6SCCh. 7.2 - Prob. 3-1SCCh. 7.2 - Prob. 3-2SCCh. 7.2 - Prob. 3-3SCCh. 7.2 - Prob. 3-4SCCh. 7.2 - Prob. 3-5SCCh. 7.2 - Prob. 3-6SCCh. 7.2 - Prob. 4-1SCCh. 7.2 - Prob. 4-2SCCh. 7.2 - Prob. 4-3SCCh. 7.2 - Prob. 4-4SCCh. 7.2 - Prob. 4-5SCCh. 7.2 - Prob. 4-6SCCh. 7.2 - Prob. 5-1SCCh. 7.2 - Prob. 5-2SCCh. 7.2 - Prob. 5-3SCCh. 7.2 - Prob. 1SECh. 7.2 - Prob. 2SECh. 7.2 - Prob. 3SECh. 7.2 - Prob. 4SECh. 7.2 - Prob. 5SECh. 7.2 - Prob. 6SECh. 7.2 - Prob. 7SECh. 7.2 - Prob. 8SECh. 7.2 - Prob. 9SECh. 7.2 - Prob. 10SECh. 7.2 - Prob. 11SECh. 7.2 - Prob. 12SECh. 7.2 - Prob. 13SECh. 7.2 - Prob. 14SECh. 7.2 - Prob. 15SECh. 7.2 - Prob. 16SECh. 7.2 - Prob. 17SECh. 7.2 - Prob. 18SECh. 7.2 - Prob. 19SECh. 7.2 - Prob. 20SECh. 7.3 - Prob. 1-1SCCh. 7.3 - Prob. 1-2SCCh. 7.3 - Prob. 1-3SCCh. 7.3 - Prob. 1-4SCCh. 7.3 - Prob. 1-5SCCh. 7.3 - Prob. 1-6SCCh. 7.3 - Prob. 2-1SCCh. 7.3 - Prob. 2-2SCCh. 7.3 - Prob. 2-3SCCh. 7.3 - Prob. 2-4SCCh. 7.3 - Prob. 2-5SCCh. 7.3 - Prob. 2-6SCCh. 7.3 - Prob. 1SECh. 7.3 - Prob. 2SECh. 7.3 - Prob. 3SECh. 7.3 - Prob. 4SECh. 7.3 - Prob. 5SECh. 7.3 - Prob. 6SECh. 7.3 - Prob. 7SECh. 7.3 - Prob. 8SECh. 7.3 - Prob. 9SECh. 7.3 - Prob. 10SECh. 7.3 - Prob. 11SECh. 7.3 - Prob. 12SECh. 7.3 - Prob. 13SECh. 7.3 - Prob. 14SECh. 7 - Prob. 1ESCh. 7 - Prob. 2ESCh. 7 - Prob. 3ESCh. 7 - Prob. 4ESCh. 7 - Prob. 5ESCh. 7 - Prob. 6ESCh. 7 - Prob. 7ESCh. 7 - Prob. 8ESCh. 7 - Prob. 9ESCh. 7 - Prob. 10ESCh. 7 - Prob. 11ESCh. 7 - Prob. 12ESCh. 7 - Prob. 13ESCh. 7 - Prob. 14ESCh. 7 - Prob. 15ESCh. 7 - Prob. 16ESCh. 7 - Prob. 17ESCh. 7 - Prob. 18ESCh. 7 - Prob. 19ESCh. 7 - Prob. 20ESCh. 7 - Prob. 21ESCh. 7 - Prob. 22ESCh. 7 - Prob. 23ESCh. 7 - Prob. 24ESCh. 7 - Prob. 25ESCh. 7 - Prob. 26ESCh. 7 - Prob. 27ESCh. 7 - Prob. 28ESCh. 7 - Prob. 29ESCh. 7 - Prob. 30ESCh. 7 - Prob. 31ESCh. 7 - Prob. 32ESCh. 7 - Prob. 33ESCh. 7 - Prob. 34ESCh. 7 - Prob. 35ESCh. 7 - Prob. 36ESCh. 7 - Prob. 37ESCh. 7 - Prob. 38ESCh. 7 - Prob. 39ESCh. 7 - Prob. 40ESCh. 7 - Prob. 41ESCh. 7 - Prob. 42ESCh. 7 - Prob. 43ESCh. 7 - Prob. 44ESCh. 7 - Prob. 45ESCh. 7 - Prob. 46ESCh. 7 - Prob. 47ESCh. 7 - Prob. 48ESCh. 7 - Prob. 49ESCh. 7 - Prob. 50ESCh. 7 - Prob. 51ESCh. 7 - Prob. 1PTCh. 7 - Prob. 2PTCh. 7 - Prob. 3PTCh. 7 - Prob. 4PTCh. 7 - Prob. 5PTCh. 7 - Prob. 6PTCh. 7 - Prob. 7PTCh. 7 - Prob. 8PTCh. 7 - Prob. 9PTCh. 7 - Prob. 10PTCh. 7 - Prob. 11PTCh. 7 - Prob. 12PTCh. 7 - Prob. 13PTCh. 7 - Prob. 14PTCh. 7 - Prob. 15PTCh. 7 - Prob. 1CTCh. 7 - Prob. 2CTCh. 7 - Prob. 3CTCh. 7 - Prob. 4CTCh. 7 - Prob. 5CTCh. 7 - Prob. 6CTCh. 7 - Prob. 7CTCh. 7 - Prob. 8CTCh. 7 - Prob. 9CTCh. 7 - Prob. 10CTCh. 7 - Prob. 11CTCh. 7 - Prob. 1CPCh. 7 - Prob. 2CPCh. 7 - Prob. 1CS1Ch. 7 - Prob. 2CS1Ch. 7 - Prob. 3CS1Ch. 7 - Prob. 4CS1Ch. 7 - Prob. 5CS1Ch. 7 - Prob. 1CS2Ch. 7 - Prob. 2CS2Ch. 7 - Prob. 3CS2Ch. 7 - Prob. 4CS2
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