Statistics and Probability

. You deposit $2000 in an account earning 7% interest compounded monthly. How much will you have in the account in 15 years? You can afford a $350 per month car payment. You'Ve found a 5 year loan at 2% interest. How big of a loan can you afford? You have $400,000 saved for retirement. Your account earns 10% interest. How much Will 3 you be able to pull out each month, if you want to be able to take withdrawals for 15 years? Suppose you want to have $500,000 for retirement in 30 years. Your account eams 6% interest. How much would you need to deposit in the account each month? You have 53,000 on a credit card that charges a 19% interest rate. If you want to pay off the credit card in 4 years, how much will you need to pay each month {assuming you don't charge anything new to the card)? ' The boxplut below shows salaries for Construction workers and Teachers. Construction ii:|:|~l Rocha l-l:l:li 4 r i i l i v 20 25 30 35 40 45 50 55 Salary (them afS) Q Jennie makes the median salary for a constructlon worker. Markos makes the median salary for a teacher. Who makes more money? Ojennie O Markos How much more?$| I A bag contains 1 gold marbles, 10 silver marbles, and 23 black marbles. Someone offers to play this game: You randomly select one marble from the bag. If it is gold, you win 54. If it is silver, you win 52. If it is black, you lose 51. What is your expected value if you play this game