If $500 is invested at an interest rate of 5.5% per year, find the amount of the investment at the end of 12 years for the following compounding methods. (Round your answers to the nearest cent.) (a) Annually (b) Semiannually (c) Quarterly (d) Continuously $

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.