Given that
starting outstanding balance = $150000
rate of interest = 7.5% per year
so rate of interest for 1 month = (7.5/12)% = 0.635%
outstanding balance before 1st monthly payment = starting outstanding balance + 0.625% of interest on starting outstanding balance
= 150000 + (0.625 /100) × 150000
= 150000 + 937.5 = $150937.5
Reduction = outstanding balance after one month - first monthly payment
Reduction = $150937.5 - 1010.10 = 149927.40
so out of first payment of $1,010.10 , $937.5 goes towards interest and remaining $72.6 goes towards reduction of principal that is 150000 - $72.6 = 149927.40.
so correct option is B that is $149927.40.
Answer:
- There is no significant evidence that p1 is different than p2 at 0.01 significance level.
- 99% confidence interval for p1-p2 is -0.171 ±0.237 that is (−0.408, 0.066)
Step-by-step explanation:
Let p1 be the proportion of the common attribute in population1
And p2 be the proportion of the same common attribute in population2
: p1-p2=0
: p1-p2≠0
Test statistic can be found using the equation:
where
- p1 is the sample proportion of the common attribute in population1 (
)
- p2 is the sample proportion of the common attribute in population2 (
)
- p is the pool proportion of p1 and p2 (
)
- n1 is the sample size of the people from population1 (30)
- n2 is the sample size of the people from population2 (1900)
Then
≈ 2.03
p-value of the test statistic is 0.042>0.01, therefore we fail to reject the null hypothesis. There is no significant evidence that p1 is different than p2.
99% confidence interval estimate for p1-p2 can be calculated using the equation
p1-p2±
where
- z is the z-statistic for the 99% confidence (2.58)
Thus 99% confidence interval is
0.533-0.704±
≈ -0.171 ±0.237 that is (−0.408, 0.066)
Answer: the lower left data set matches the line plot, or the one with the most values
Answer:
238cm³
Step-by-step explanation: