Examlex
Use the following to answer questions :
We know that football is the favorite sport to watch on television for 36% of adults in the United States.Suppose we take a random sample of 522 adults and obtain their opinions on their favorite sport to watch on television.
-The probability that 180 to 215 will say that football is their favorite sport to watch on television is approximately: (Round the answer to 4 decimal places.)
Compounded Quarterly
Interest calculation method where the interest earned is added to the principal every quarter, increasing the amount on which subsequent interest is calculated.
Small Claims Court
A court that deals with minor legal disputes involving small monetary amounts.
Compounded Monthly
This is the calculation of interest on an investment or savings where the interest earned each month is added to the principal, thereby increasing the amount on which future interest is calculated.
Fair Rate
A reasonable, equitable interest rate or charge for a loan or service, ensuring fairness to both the provider and the consumer.
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