Answer:
DF = 2
Step-by-step explanation:
Formula for degree of freedom is;
DF = n - 1
Where n is sample size
In this question, political party affiliation could be Republican, Democrat, or Other. Thus, sample size is 3.
DF = 3 - 1
DF = 2
Thus, degree of freedom value would be 2
Answer:
P-value ≈ 0.3463
Step-by-step explanation:
Hypothesis test would be
:p=0.20
:p>0.20
We need to calculate the z-score of sample proportion and then the corresponding P-value.
z-score can be calculated as:
z=
where
- p(s) is the sample proportion of specimens yield before the theoretical point (
)
- p is the proportion assumed under null hypothesis. (0.20)
- N is the sample size (40)
Using the numbers
z=
=0.3953
and the P-value is then P(z)≈0.3463
Amount financed
320−100=220
Total paid
100+25×12=400
Interest paid
400−320=80
Interest rate=(2yc)÷(m (n+1))
I=(2×12×80)÷(220 (12+1))
I=(2×12×80)÷(220×13)
I=0.67×100
I=67%
440 x 10 = 4,400. Yes 4,400 is 10 times as much as 440