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A savings account was opened for a baby on 1985 with a $100 deposit. No withdrawals or deposits occurred since the account was opened. The current balance of the account is $246.47. Measured in dollars of the year in which the account was opened, how much has the account grown?
a) $4.01, gain
b) 7.01,loss
c) 16.26,gain
d) 20.16, gain
e) $25.64,gain
Recognize independent variable and dependent variable for this experiment. Think in your head what influences what? Or, what causes what? Cause is independent variable.
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For all questions, clearly explain/show your answers. For the Analysis section, justify your answers with the appropriate graphs, statistics, equations, etc.
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What is the likelihood the sample mean is greater than $22.50 but less than $25.00?
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