Max Wants to Start a Farm to Grow Mussels

question 34

Short Answer

Max wants to start a farm to grow mussels. He needs to determine the best environment for growing them. He is going to try two different amounts of salt in the water (salinity) and three different water temperatures. For his experiment he has
18 aquariums, each with 20 mussels. He wants to see which environment produces the largest mussels.

-Explain how replication would be used in this study.

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Definitions:

Annual Coupon Rate

The interest rate a bond pays its holder, expressed as a percentage of its face value and payable annually.

Bond

A fixed-income instrument that represents a loan made by an investor to a borrower, typically corporate or governmental, which includes terms regarding the interest rate and when the loaned funds (bond principal) must be paid back (maturity).

Effective EAR

The Effective Annual Rate is the actual return on an investment, taking into account the effect of compounding interest.

Par Value

The nominal or face value of a bond, stock, or coupon as stated by the issuer, which is often used to calculate interest payments.