Examlex

Solved

Use the Table Below to Answer the Following Question(s) -Which of the Following Mathematical Functions, Used in Predictive Analytical

question 32

Multiple Choice

Use the table below to answer the following question(s) .
Sheila joined Simsin Tradings at the age of 36 with a starting salary of $75,000.She expects a salary increase of 5 percent every year.Her retirement plan requires her to pay 9 percent of her salary, while the company matches it at 32 percent.She expects an annual return of 7 percent on her retirement portfolio.Using a predictive model for Sheila's first five years, calculate the following, assuming that the salary increases at the same rate every year, and the return of interest does not change.
 Retirement Plan Model for Sheila  Data  Retirement Contribution ( percent of salary)   Employer Match 9 percent  Annual Salary Increase 32 percent  Annual Return on Investment 5 percent 7 percent \begin{array}{l}\text { Retirement Plan Model for Sheila }\\\begin{array} { | l | l | } \hline \text { Data } & \\\hline \text { Retirement Contribution ( percent of salary) } & \\\hline \text { Employer Match } & 9 \text { percent } \\\hline \text { Annual Salary Increase } & 32 \text { percent } \\\hline \text { Annual Return on Investment } & 5 \text { percent } \\\hline & 7 \text { percent } \\\hline\end{array}\end{array}
-Which of the following mathematical functions, used in predictive analytical models, is represented by the formula y = ax³ + bx² dx + e?


Definitions:

Demands

Requests or claims, typically forceful, for something considered due or legally owed.

Binding Decision

A decision, ruling, or judgment that is final and enforceable by law, requiring the parties involved to comply.

Discovery

A pre-trial procedure in a lawsuit where each party can obtain evidence from the other party or parties by means of discovery devices such as interrogatories, depositions, requests for production of documents.

Arbitrator

A neutral third party chosen to settle disputes outside of court.

Related Questions