Per evidence cu Amin Sen NOF SAO US 9052 US 9012: INVESTIGATE LIFE WORK RELATED PROBLEMS USING DATA AND PROBABILITIES Learner Name: Learner ID #: Learner Student Number: Formative Assessment KNOWLEDGE QUESTIONAIRE asked. Please read all the questions carefully and take time to consider your answer before recording it Instructions to the Learner: The following questions must be answered in full giving examples where UNIT STANDARD: 9012 Investigate life and work related problems using data and probabilities Important Note: Should any additional information I documents be required or attached, kindly ensure Essential Embedded Know that you have referenced them accurately as identified in each section. 1. Give an example of a problem or issue that can be dealt with by interpreting statistical data.​

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76