5 Questions
Match the following statistical concepts with their corresponding values:
Mean = 25 Standard Deviation = 2.0 Z-score = ? Interest Rate = ?
Match the following financial concepts with their corresponding descriptions:
Simple Interest = Interest earned on loan amount Loan Duration = Timeframe to repay the loan Interest Rate = Percentage of loan amount earned as interest Total Amount = Initial loan amount + interest
Match the following values with their corresponding descriptions:
Php23, 000 = Initial loan amount 5% = Interest rate offered by ABC Bank 3 years = Loan duration ? = Total amount to be paid to the bank
Match the following bank details with their corresponding descriptions:
ABC Bank = Bank offering 5% interest rate Php23, 000 = Loan amount 3 years = Loan repayment duration ? = Interest earned on loan
Match the following statistical measures with their corresponding formulas:
Mean = Sum of values / Number of values Standard Deviation = Square root of variance Z-score = (x - Mean) / Standard Deviation Interest = Principal x Rate x Time
Solve problems involving mean, standard deviation, and simple interest. Calculate the z-score and interest earned on a loan.
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