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Listed Below Are the Names of 20 Students Who Are

question 425

Essay

Listed below are the names of 20 students who are juniors. Use the random numbers listed
below to select five of them to be in your sample. Clearly explain your method. $\begin{array}{|l|l|l|l|l|}\hline \text { Adam } & \text { Chris } & \text { Dave } & \text { Deirdre } & \text { Dick } \\\hline \text { Ellen } & \text { Eric } & \text { Joan } & \text { John } & \text { Judi } \\\hline \text { Joy } & \text { Kenny } & \text { Laura } & \text { Mary } & \text { Paul } \\\hline \text { Peter } & \text { Rachel } & \text { Rob } & \text { Sara } & \text { Stacey } \\\hline\end{array}$
$Listed below are the names of 20 students who are juniors. Use the random numbers listed below to select five of them to be in your sample. Clearly explain your method. \begin{array}{|l|l|l|l|l|} \hline \text { Adam } & \text { Chris } & \text { Dave } & \text { Deirdre } & \text { Dick } \\ \hline \text { Ellen } & \text { Eric } & \text { Joan } & \text { John } & \text { Judi } \\ \hline \text { Joy } & \text { Kenny } & \text { Laura } & \text { Mary } & \text { Paul } \\ \hline \text { Peter } & \text { Rachel } & \text { Rob } & \text { Sara } & \text { Stacey } \\ \hline \end{array}$

Definitions:

Effective Rate

The actual interest rate an investor earns or pays on an investment or loan, taking into account the effect of compounding.

Nominal Rate

Nominal Rate is the interest rate before adjustments for inflation, reflecting the actual monetary cost of borrowing.

Opportunity Cost

Missing out on possible advantages from other choices when a specific choice is made.

Benefit

is an advantage or profit gained from something, or a payment or gift made by an employer, the state, or an insurance company.