Ashley's investment fund had a balance of $280,000 on January 1, 1995 and a balance of $449,000 two years later. The amount of interest earned during the two years was $33,000, and the annual yield rate on the fund was 5.4%. Estimate the (dollar-weighted) average date of contributions to the account. (Round your answer to the nearest integer.)
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
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Ashley's investment fund had a balance of $280,000 on January 1, 1995 and a balance of $449,000 two years later. The amount of interest earned during the two years was $33,000, and the annual yield rate on the fund was 5.4%. Estimate the (dollar-weighted) average date of contributions to the account. (Round your answer to the nearest integer.)
I calculated 99 days however it is wrong can you please help me find the correct answer.
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