What effect does the minimum amount have on the interest
What effect does the minimum amount have on the interest
What effect does the minimum amount have on the interest rate being offered on 3-month certificates of deposit (CDs)? The following are advertised rates of return, y, for a minimum deposit of $500, $1000, $2500, $5000, or $10,000, x. (Note that x is in $100 and y is annual percentage rate of return.)
a. Prepare a dotplot of the five sets of data using a common scale.
b. Prepare a 5-number summary and a boxplot of the five sets of data. Use the same scale for the boxplots.
c. Describe any differences you see among the three sets of data. If you are using a computer or calculator for Ex. 3.10, try the commands on pages 126.