Using the law of 69.3 calculate to the nearest 0.1 yr the time it will take your original investment to quadruple (4x) if the compound interest rate is 8%. [Hint: calculate the doubling time first, then the quadrupling time.]
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
What is the answer?
![Using the law of 69.3 calculate to the nearest 0.1 yr the
time it will take your original investment to quadruple (4x)
if the compound interest rate is 8%. [Hint: calculate the
doubling time first, then the quadrupling time.]
26.0 yr
69.3 yr
17.3 yr
8.7 yr](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe2e52231-be4b-497d-891a-4dab4019ab2b%2Fda7a7c81-bd21-44b0-aa4f-89d5da9dd28f%2Fducrc7k_processed.png&w=3840&q=75)
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