Ellen has maxed out her credit card at $12,500 and vows not to make any other credit card purchases. Her credit card company charges 1.23% interest permonth, and the minimum monthly payment is all interest due plus 2% of the principal balance. How much of the balance can Ellen pay down if she pays theminimum payment only for 4 months?

Ahypothesis is: a the average squared deviations about the mean of a distribution of values b) an empirically testable statement that is an unproven supposition developed in order to explain phenomena a statement that asserts the status quo; that is, any change from what has been c) thought to be true is due to random sampling order da statement that is the opposite of the null hypothesis e) the error made by rejecting the null hypothesis when it is true