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MariettaO [177]
3 years ago
13

the simple interest I (in dollars) for a savings account is jointly proportional to the product of time (in years) and the princ

ipal P (in dollars). After 11 months the interest on a principal of $3970 is $86. What is the constant of the variation
Mathematics
1 answer:
mylen [45]3 years ago
7 0
Simple interest I is jointly proportional to the product of time in years and the principal, therefore; mathematically;
I α Pt
introducing a constant;
I = kPt; but I = $ 86, P = $ 3970, while t = 11/12 years
Thus; k = I/Pt
            = 86/ 3970(11/12)
            = 0.0236
Therefore, the constant of the variation is ≈ 0.024
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Answer:

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Step-by-step explanation:

The claim made by the education researcher is that 58​% of college students work​ year-round.

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To test the researcher's claim use a one-proportion <em>z</em>-test.

The hypothesis can be defined as follows:

<em>H</em>₀: The proportion of college students who work​ year-round is 58%, i.e. <em>p</em> = 0.58.

<em>Hₐ</em>: The proportion of college students who work​ year-round is 58%, i.e. <em>p</em> ≠ 0.58. C

Compute the sample proportion as follows:

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Compute the test statistic value as follows:

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The test statistic value is 0.

Decision rule:

If the p-value of the test is less than the significance level then the null hypothesis will be rejected.

Compute the p-value for the two-tailed test as follows:

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*Use a z-table for the probability.

The p-value of the test is 1.

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