Assume that an 18-month CD purchased for $11,000 pays an APR of 3% compounded monthly. What is the APY? (Round your answer to two decimal places.) %Would the APY change if the investment were $7000 for 30 months with the same APR and with monthly compounding?Yes, the APY changes if the investment is $7000 for 30 months with the same APR. No, the APY does not change if the investment is $7000 for 30 months with the same APR.

For a science project, a high school research team conducted a survey of local air temperatures. based on the results of the survey, the found that the average temperatures were around 10 degrees higher than expected. this result was wrong. the trouble with the survey was that most of the locations were exposed to direct sunlight and located over asphalt or sand, which resulted in higher temperatures than normal. this is a classic example of an error in which phase of inferential statistics?