If the Jones Family Paid an Average of $75

question 35

Multiple Choice

If the Jones family paid an average of $75.72 per month for electricity last year and the rate rises 4.0% each year, what will they pay after 5 years? Round your answer to two decimal places. ​

• A) $95.42
• B) $78.75
• C) $407.24
• D) $92.12
• E) $88.58

---

Definitions:

Kleenex Tissues

A brand name for a category of soft, absorbent, disposable papers that are suitable for use on the face.

Confidence Interval

A range of values, derived from a sample, that is likely to contain the population parameter with a specified level of confidence.

Normally Distributed Population

A population with a distribution that has a characteristic bell-shaped curve where most of the data points cluster around the mean.

Standard Deviation

An indicator of the degree of difference or spread within a collection of numbers.