Acredit card advertises an annual interest rate of 23%. what is the equivalent monthly interest rate? i=__^_t

 the monthly rate is:

[1 + 23%]^(1/12) =1.23^(1/12) =1.0174 - 1 x 100 =1.74%

over the argument its not good to fight.

solution:

as, mean is defined as sum of all the observations divided by total number of observations.

and , median is mid value of the data whether arranged in ascending order or descending order.

consider, roadsters:

2,3,4,5,6,7,8,9

mean =

also, median= , because number of observations is even, so median is mean of two mid values.

now, coming to bandits

2,3,4,5,6

mean =  

median = 4, as number of observations is odd.

so, roadsters has greater median as well mean than bandits.

→option a is true about the repairs performed on 2 types of cars:

bandits have lower median and mean than roadsters.