In 2012, the Average Donation to the Community Kitchen Was

question 110

Essay

In 2012, the average donation to the Community Kitchen was $900 with a standard deviation of $180. In 2013, the average donation was $1,600 with a standard deviation of $240. In which year do the donations show a more dispersed distribution?

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Definitions:

Money Market

A section of the financial market where short-term financial assets with high liquidity are traded, such as treasury bills and commercial paper.

Interest Rate

The amount charged, expressed as a percentage of the principal, by a lender to a borrower for the use of assets.

Surplus of Money

Situation where the supply of money in an economy exceeds the demand for it, often leading to lower interest rates and inflation.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed on an annual basis.