Answer:
Total = 2,500 (1.021)^t
Step-by-step explanation:
There is no question but the formula for compound interest is
Total = amount (1 + rate)^time
Total = 2,500 (1.021)^t
Following the table and knowing that the total number of students interviewed were 158 ( we can see this by looking adding either the total number of upperclassment or adding the total number of people with jobs or no jobs, this value is at the bottom right of the table in the figure attached).
Recall that:

In the figure provided each of these terms is highlighted in a different color. To convert these values to their matching probabilities we have to divide each by the total number of students, this is due to the fact that the probability is the number of favorable cases (in this case a group matching the qualities we seek) divided by the total amount of cases ( that is the total number of people interviewed). In the figure the answer is provided. For the intersection of the two events we're looking for people that is both an undercalssman and also has a job.
Answer:
The p value for this case would be given by:
For this case the p value is lower than the significance level so then we have enough evidence to reject the null hypothesis so then we can conclude that the true proportion is significantly higher than 0.42
Step-by-step explanation:
Information given
n=1045 represent the random sample selected
X=502 represent the college graduates with a mentor
estimated proportion of college graduates with a mentor
is the value that we want to test
z would represent the statistic
represent the p value
Hypothesis to test
We want to test if the true proportion is higher than 0.42, the system of hypothesis are.:
Null hypothesis:
Alternative hypothesis:
The statistic is given by:
(1)
Replacing the info we got:
The p value for this case would be given by:
For this case the p value is lower than the significance level so then we have enough evidence to reject the null hypothesis so then we can conclude that the true proportion is significantly higher than 0.42