We solve the question as follows:
Simple interest=Principle×Rate×Time
Thus given:
p=$55000, R=2.5%, time= 1 year
thus
Interest=55000×0.025×1=$1375
To evaluate the amount required to keep up with the inflation, your interest rate should match the inflation rate otherwise prices are going up faster than the savings.
Required interest rate=55000×0.034×1=$1870
The buying power lost will be the difference between your required interest and actual interest.
Thus:
Buying power lost=1870-1375=$495
Answer: angle KAL = 90°
Step-by-step explanation: The decision on a photo
Answer:
c.(1) Impossible c.(ll) unlikely
Answer:
£23
Explanation:
6x10=60
2x1.5=3
3.14x2^2=12.566
60-3-12.566=44.433
44.43/10=4.43
5 bags
5x4.60=23
=£23
Answer:
p-value of the statistics = 0.0096
Step-by-step explanation:
Given - The mayor of a town has proposed a plan for the annexation of an adjoining bridge. A political study took a sample of 1500 voters in the town and found that 47% of the residents favored annexation. Using the data, a political strategist wants to test the claim that the percentage of residents who favor annexation is above 44%.
To find - Determine the P-value of the test statistic.
Proof -
Given that,
H0 : p = 0.44
Ha : p > 0.44
Now,
Test Statistics is
z = (p bar - p)/ sqrt(p(1-p)/n)
= (0.47 - 0.44) / sqrt(0.44(1-0.44)/1500)
= 2.34
⇒z = 2.34
So,
p-value = P(Z > z)
= P(Z > 2.34)
= 0.0096
⇒p-value = 0.0096
