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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
In a recent survey of consumer confidence,160 respondents were classified by their level of education.The results of the survey are presented below.
-What proportion of respondents had at least some college education and had high confidence?
Interest Rate
The proportion of a total amount of money that is levied for borrowing it, usually specified as a yearly percentage.
Expected Rate
The anticipated return on an investment, calculated based on historical data or statistical models.
Total Investment
The sum of all expenditures made by a company or individual for acquiring or improving fixed assets, financial assets, and other business interests.
Interest Rate
The cost of borrowing money, typically expressed as a percentage of the principal, charged by lenders to borrowers for the use of funds.
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