Alpha, Inc

question 151

Multiple Choice

Alpha, Inc. is saving money to build a new factory. Six years ago they set aside $250,000 for this purpose. Today, that account is worth $306,958. What rate of interest is Alpha earning on this money?

• A) 3.43%
• B) 3.45%
• C) 3.48%
• D) 3.52%
• E) 3.55%

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Definitions:

Variances

A measure of the dispersion indicating how much the values in a data set differ from the mean.

Monte Carlo Sampling

A statistical technique using random sampling to approximate the solution to quantitative problems.

Crystal Ball

Crystal Ball is often metaphorically used to denote the ability to predict or anticipate future trends or events, commonly in planning and forecasting scenarios.

Probability Distribution

A statistical function that describes all the possible values and likelihoods that a random variable can take within a given range.