Answer:
$33
Step-by-step explanation:
First we calculate the cost of the overdrafts:
3 overdrafts * $35 = $105
Then, if he maintains an average monthly balance of $600, we can calculate = $600*12 months = $7200 (average yearly balance). And the bank pays him 1% interest per annum:
$7200 * 1% = $72 (this is what the bank pays the graduate per year)
So if the bank charges him $105 and pays him $72, then the net annual cost is = $105-$72= $33
Answer: No Solution
Step-by-step explanation: The Answer Is No Solution.
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Answer:
The value of the test statistic is 4.26.
Step-by-step explanation:
In this case a hypothesis test is performed to determine whether most adults would erase all of their personal information online if they could.
A random sample of <em>n</em> = 453 adults were selected and it was found that 60% of them would erase all of their personal information online if they could.
Assume that the population proportion is, <em>p</em> = 0.50.
A <em>z</em>-test for single proportion would to used to perform the test.
Compute the value of the test statistic as follows:


Thus, the value of the test statistic is 4.26.
B using more coal to make electricity