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xz_007 [3.2K]
3 years ago
13

Edward deposited $5,500 into a savings account 4 years ago. The interest rate is 5%. How much money did Edward earn in interest?

What would be his new account balance?
Mathematics
1 answer:
NeTakaya3 years ago
7 0

Answer:

nfubnudhgufdujgkv

Step-by-step explanation:

fdngurfdbnvurnfubugi

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Suppose we are interested in analyzing the weights of NFL players. We know that on average, NFL players weigh 247 pounds with a
tigry1 [53]

Answer:

SE= \frac{\sigma}{\sqrt{n}} = \frac{47}{\sqrt{30}}= 8.58

ME= 1.64 *\frac{\sigma}{\sqrt{n}} = 1.64*\frac{47}{\sqrt{30}}= 14.073

\bar X - ME = 237- 14.073 = 222.927

\bar X + ME = 237+ 14.073 = 251.073

n=(\frac{1.640(47)}{5})^2 =237.65 \approx 238

So the answer for this case would be n=238 rounded up to the nearest integer

Null hypothesis:\mu \geq 247  

Alternative hypothesis:\mu  

z=\frac{237-247}{\frac{47}{\sqrt{30}}}=-1.165  

p_v =P(z  

If we compare the p value and the significance level given \alpha=0.1 we see that p_v>\alpha so we can conclude that we have enough evidence to FAIL to reject the null hypothesis, and we can't conclude that the true mean is lower than 247 at 10% of significance.

Step-by-step explanation:

For this case we have the following data given:

\bar X =237 represent the sample mean

\sigma = 47 represent the population deviation

n =30 represent the sample size selected

\mu_0 = 247 represent the value that we want to test.

The standard error for this case is given by:

SE= \frac{\sigma}{\sqrt{n}} = \frac{47}{\sqrt{30}}= 8.58

For the 90% confidence the value of the significance is given by \alpha=1-0.9 = 0.1 and \alpha/2 = 0.05 so we can find in the normal standard distribution a quantile that accumulates 0.05 of the area on each tail and we got:

z_{\alpha/2}= 1.64

And the margin of error would be:

ME= 1.64 *\frac{\sigma}{\sqrt{n}} = 1.64*\frac{47}{\sqrt{30}}= 14.073

The confidence interval for this case would be given by:

\bar X - ME = 237- 14.073 = 222.927

\bar X + ME = 237+ 14.073 = 251.073

The margin of error is given by this formula:

ME=z_{\alpha/2}\frac{\sigma}{\sqrt{n}}    (a)

And on this case we have that ME =5 and we are interested in order to find the value of n, if we solve n from equation (a) we got:

n=(\frac{z_{\alpha/2} \sigma}{ME})^2   (b)

Replacing into formula (b) we got:

n=(\frac{1.640(47)}{5})^2 =237.65 \approx 238

So the answer for this case would be n=238 rounded up to the nearest integer

State the null and alternative hypotheses.  

We need to conduct a hypothesis in order to check if the true mean is lower than 247 pounds, the system of hypothesis would be:  

Null hypothesis:\mu \geq 247  

Alternative hypothesis:\mu  

Since we know the population deviation, is better apply a z test to compare the actual mean to the reference value, and the statistic is given by:  

z=\frac{\bar X-\mu_o}{\frac{\sigma}{\sqrt{n}}} (1)  

z-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".  

Calculate the statistic  

We can replace in formula (1) the info given like this:  

z=\frac{237-247}{\frac{47}{\sqrt{30}}}=-1.165  

P-value  

Since is a left tailed test the p value would be:  

p_v =P(z  

Conclusion  

If we compare the p value and the significance level given \alpha=0.1 we see that p_v>\alpha so we can conclude that we have enough evidence to FAIL to reject the null hypothesis, and we can't conclude that the true mean is lower than 247 at 10% of significance.

5 0
2 years ago
Which of the following statements is true?
Inessa05 [86]

Answer: the number -5 is a real number

Real numbers are both negative and positive numbers. -5 is a negative number. Since real numbers include negative numbers, -5 is the answer.

Hope this helps!

7 0
3 years ago
In ΔABC, the measure of ∠C=90°, the measure of ∠A=47°, and BC = 3.5 feet. Find the length of AB to the nearest tenth of a foot.
luda_lava [24]
It’s 164.5 that would be ur answer
7 0
3 years ago
Read 2 more answers
What does the 75th term look like of 6,9,12
leva [86]

Answer:

228

Step-by-step explanation:

We are adding 3 each time so general rule is

Tn= 3n + 3

Therefore

T= 3(75)+3

= 228

3 0
3 years ago
Read 2 more answers
How do you identify points on a graph<br><br> i need a small answer and i need it quick lol thx
nata0808 [166]
You can identify points on a graph by looking at them. The x coordinate is the horizontal line. and the vertical line is the y axis
8 0
3 years ago
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