Answer:
hmmm 38
Step-by-step explanation:
?
Answer:
72 dollars I believe
Step-by-step explanation:
Answer:
z= 2.38
P = 0.008656
Step-by-step explanation:
Here n= 500 and p~= 464/500= 0.928 and q`= 1- 0.928 = 0.072
We formulate our null and alternate hypothesis as
H0 = 0.9 ; H0 > 0.9
The degree of confidence = 90%
z₀.₀₅ = 1.645 for α= 0.05
We use the test statistic
z= x- np/√npq
z= 466-500 *0.9/ √500 * 0.9(1-0.9)
z= 466- 450/ √45
z= 16/6.7082
z= 2.38
As the calculated value of z= 2.38 is greater than α =1.645 so we reject H0.
If H0 is true the P value is calculated as
P = 1- Ф( 2.38)
P = 1-0.991344=0.008656
320 times .19t
t being the number of years
Answer:
FV= $12,450
Step-by-step explanation:
Giving the following information:
David invests $10,000 in a savings account that pays 3.5% simple interest.
<u>To calculate the future value, we need to use the following formula.</u>
FV= PV*(1+i*n)
n= 7
i= 0.035
PV= 10,000
FV= 10,000*(1+0.035*7)
FV= $12,450
