An amount of money that must be deposited today at compound interest to provide a specified lump sum of money in the future is known as the _______ amount or _______ value. (11-1, 11-6)
Lecture1 Tuesday,August162:18PM • WaysofKnowingNewinformation ○ Tenacity § Hearingsomethingrepeatedly ○ Authority § Youknowyourinfoistrueifitcomesfromasourceofauthority ○ Experience § Ifyouexperiencesomethingyougainknowledgefromit ○ ReasonandLogic § Youcanthink,reason,andfigureoutinformationthisway ○ OurFocus:TheScientificMethod § Systematicmethodoffindinginformation § Componentsofscientificmethod □ Objectivity- freefromsubjectivebias □ Quantified- weusenumbers □ Replication- isthefindingduetoluckorisitasolidresultthatwillhappeneverytime □ Self-correction- thescientificcommunityusesempiricaldataandreasontosolvedisputes andcorrecterrors • Statistics- ascienceofdrawingconclusions fromdata • Variables:acharacteristic thatmaychangefromoneobservation toanother ○ Example:socialcla- surveyingtoseeifpeopleareupper,middleorlower.Thenumberwill changefromonepersontotheother ○ Example:religio- catholic,protestant,jewish,etc. § Bothoftheseexamplesareategoricalvariables (eachvariablerepresentsacategory) ○ Example:numberofsiblingsyouhave Lecture1 Tuesday,August162:18PM • WaysofKnowingNewinformation ○ Tenacity § Hearingsomethingrepeatedly ○ Authority § Youknowyourinfoistrueifitcomesfromasou
