Question 3: WWE superstar John Cena wants to buy a 19-century antique sword that costs $5 million. In Order to finance this big purchase, The Bank of America offered him a loan at 'x'% rate for 'Y' years (This interest rate is not fixed). On average the monthly interest amount is $1576 and the standard deviation is $226.67. Using Chebyshev" theorem, find at least what percentage of the loan is being paid on a monthly basis between- 1. $896 to $2256 2. $1009 to $2143 3. $669 to $2483

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 3TI: Table 6 shows the population, in thousands, of harbor seals in the Wadden Sea over the years 1997 to...
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Question 3: WWE superstar John Cena wants to
buy a 19-century antique sword that costs $5
million. In Order to finance this big purchase, The
Bank of America offered him a loan at 'x'% rate for
'Y' years (This interest rate is not fixed). On average,
the monthly interest amount is $1576 and the
standard deviation is $226.67.
Using Chebyshev" theorem, find at least what
percentage of the loan is being paid on a monthly
basis between-
1. $896 to $2256
2. $1009 to $2143
3. $669 to $2483
Transcribed Image Text:Question 3: WWE superstar John Cena wants to buy a 19-century antique sword that costs $5 million. In Order to finance this big purchase, The Bank of America offered him a loan at 'x'% rate for 'Y' years (This interest rate is not fixed). On average, the monthly interest amount is $1576 and the standard deviation is $226.67. Using Chebyshev" theorem, find at least what percentage of the loan is being paid on a monthly basis between- 1. $896 to $2256 2. $1009 to $2143 3. $669 to $2483
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