How do I calculate the present value of a loan?
Table of Contents
How do I calculate the present value of a loan?
How to calculate present value
- Determine the future value. In our example let’s make it $100 .
- Determine a periodic rate of interest. Let’s say 8% .
- Determine the number of periods. Let’s make it 2 years .
- Divide the future value by (1+rate of interest)^periods.
How do you calculate mean median and mode?
How to find the mean, median and mode: MEAN
- Step 2: Add the numbers up to get a total. Example: 2 +19 + 44 + 44 +44 + 51 + 56 + 78 + 86 + 99 + 99 = 622.
- Step 3: Count the amount of numbers in the series.
- Step 4: Divide the number you found in step 2 by the number you found in step 3.
What is range in mean median and mode?
To find the range: Range is equal to maximum value minus minimum value which gives us: 12 − 2 = 10. Example 3: Find the mean, median, mode and range for the following list of values. To determine the value of the mean, obtain the total of all the numbers and then divide by the number of numbers in the list.
What does Range mean in statistics?
Revised on September 25, 2020. In statistics, the range is the spread of your data from the lowest to the highest value in the distribution. It is a commonly used measure of variability.
What is the importance of range in statistics?
Range provides an indication of statistical dispersion around the central tendency or the degree of spread in the data. There are several methods to indicate range, but most often it is reported as a single number, a difference score.
What is the symbol for range?
Probability and statistics symbols table
| Symbol | Symbol Name | Meaning / definition |
|---|---|---|
| zx | standard score | zx = (x-x) / sx |
| X ~ | distribution of X | distribution of random variable X |
| N(μ,σ2) | normal distribution | gaussian distribution |
| U(a,b) | uniform distribution | equal probability in range a,b |
