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mamaluj [8]
3 years ago
13

"I can't help but think that if the average American had a better understanding of how loans worked the housing crisis might hav

e been much less damaging, and the amount of student loans outstanding wouldn't be anything close to $1 million"
Explain if you agree or disagree with this quote
Mathematics
1 answer:
yKpoI14uk [10]3 years ago
5 0
I agree with this quote, as not understanding how loans work can be very damaging. Americans should be more educated on how loans work and could lower the about of student loans because $1 million is way more over priced then it has to be, if people were only more educated.
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Step-by-step explanation:

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3 years ago
A random sample of 300 circuits generated 13 defectives. Use the data to test the hypothesis Upper H Subscript 0 Baseline colon
____ [38]

Complete Question

A random sample of 300 circuits generated 13 defectives. a. Use the data to test

                            H_o : p = 0.05

Versus

 

                          H_1 : p \ne 0.05

Use α = 0.05. Find the P-value for the test

   

Answer:

The  p-value is  p-value =  0.5949        

Step-by-step explanation:

From the question we are told that

  The sample size is  n = 300

    The number of defective circuits is  k = 13

Generally the sample proportion of defective circuits is mathematically represented as

        \^ p = \frac{k}{n}

=>     \^ p = \frac{13}{300}

=>     \^ p = 0.0433

Generally the standard Error is mathematically represented as

       SE  = \sqrt{\frac{p(1- p)}{n} }

=>     SE  = \sqrt{\frac{0.05(1- 0.05)}{300} }

=>     SE  = 0.0126

Generally the test statistics is mathematically represented as

       z =  \frac{\^ p - p }{SE}

=>     z =  \frac{0.0433 - 0.05 }{0.0126}

=>     z =  -0.5317

From the z table  the area under the normal curve to the left  corresponding to  -0.5317  is

         (P < -0.5317 ) = 0.29747

Generally the p-value is mathematically represented as

       p-value =  2 * P(Z <  -0.5317 )

=>     p-value =  2 * 0.29747

=>     p-value =  0.5949        

     

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3 years ago
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