Answer:
The balance is $5989.5
Step-by-step explanation:
The savings plan balance is given by the following formula:
![A = P*\left[\frac{(1 + \frac{APR}{n})^{n*Y} - 1}{\frac{APR}{n}}\right]](https://tex.z-dn.net/?f=A%20%3D%20P%2A%5Cleft%5B%5Cfrac%7B%281%20%2B%20%5Cfrac%7BAPR%7D%7Bn%7D%29%5E%7Bn%2AY%7D%20-%201%7D%7B%5Cfrac%7BAPR%7D%7Bn%7D%7D%5Cright%5D)
In which A is the savings plan balance, P is the monthly payment, APR is the annual percentage rate(decimal), n is the number of payments per year and Y is the number of years.
In this problem, we have that
Find the savings plan balance after 3 years with an APR of 7% and monthly payments of $150.
So we have to find A when 
.
So
![A = 150*\left[\frac{(1 + \frac{0.07}{12})^{12*3} - 1}{\frac{0.07}{12}}\right]](https://tex.z-dn.net/?f=A%20%3D%20150%2A%5Cleft%5B%5Cfrac%7B%281%20%2B%20%5Cfrac%7B0.07%7D%7B12%7D%29%5E%7B12%2A3%7D%20-%201%7D%7B%5Cfrac%7B0.07%7D%7B12%7D%7D%5Cright%5D)
The balance is $5989.5
Using the formula I=Pxrxt
P is the principal amount, $9000.00.
r is the interest rate, 5% per year, or in decimal form, 5/100=0.05.
t is the time involved, 1....year(s) time periods.
So, t is 1....year time periods.
To find the simple interest, we multiply 9000 × 0.05 × 1 to get that:
The interest is: $450.00
So the balance will be $9450.00 at the end of the first year.
Answer:
The statistical conclusion is:
a) Your results are significant; one's willingness to wear masks is not independent of one's age.
Step-by-step explanation:
From this experiment,
The null hypothesis is established as:
H 0 = one's willingness to wear masks is independent of one's age.
The alternate hypothesis is established as:
H 1 = one's willingness to wear masks is not independent of one's age.
In statistics, if the absolute value of the test statistic is greater than the critical value, we declare statistical significance and reject the null hypothesis.
Since the test statistic = 16.5, which is higher than the critical value of 7.82, this establishes statistical significance. Thus, the null hypothesis is rejected.
Therefore, the statistical conclusion is that one's willingness to wear masks is not independent of one's age.
Answer:
estimate the line of best fit using two points on the line.(2,64),(6,32)
Step-by-step explanation:
