standard_description: Decide if a specified model is consistent with results from a given data-generating process, e.g., using simulation. For example, a model says a spinning coin falls heads up with probability 0.5. Would a result of 5 tails in a row cause you to question the model?
problem_activity: You deposit $8,000 into an account that pays 4.5% interest, compounded quarterly. How long will it take for you to have $12,000?


aligns: no