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notka56 [123]
3 years ago
8

Jenny borrowed $500 for five years at 4 percent interest. compounded annually. What is the total amount she will have paid when

she pays off
the loan?
total amount = P(1+1)
Mathematics
1 answer:
Gennadij [26K]3 years ago
4 0

Answer:

She will have to pay $600 dollars in 5 years

Step-by-step explanation:

So first you would multiply 500 by .04 which would be 20

Then you would multiply 20 by 5 which would be 100

Then you would add the money you borrowed as well and the interest so that would be 600

So therefore you would have to pay $600 dollars in 5 years

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Answer:

A

Null hypothesis: H0: p = 0.515

Alternative hypothesis: Ha ≠ 0.515

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Decision; we fail to reject the null hypothesis. That is, the results support the belief that 51.5​% of newborn babies are​ boys

Rule

If;

P-value > significance level --- accept Null hypothesis

P-value < significance level --- reject Null hypothesis

Z score > Z(at 90% confidence interval) ---- reject Null hypothesis

Z score < Z(at 90% confidence interval) ------ accept Null hypothesis

Step-by-step explanation:

The null hypothesis (H0) tries to show that no significant variation exists between variables or that a single variable is no different than its mean. While an alternative Hypothesis (Ha) attempt to prove that a new theory is true rather than the old one. That a variable is significantly different from the mean.

For the case above;

Null hypothesis: H0: p = 0.515

Alternative hypothesis: Ha ≠ 0.515

Given;

n=850 represent the random sample taken

Test statistic z score can be calculated with the formula below;

z = (p^−po)/√{po(1−po)/n}

Where,

z= Test statistics

n = Sample size = 850

po = Null hypothesized value = 0.515

p^ = Observed proportion = 434/850 = 0.5106

Substituting the values we have

z = (0.5106-0.515)/√(0.515(1-0.515)/850)

z = −0.256677

z = −0.257

To determine the p value (test statistic) at 0.10 significance level, using a two tailed hypothesis.

P value = P(Z<-0.257) = 0.797

Since z at 0.10 significance level is between -1.645 and +1.645 and the z score for the test (z = -0.257) which falls with the region bounded by Z at 0.10 significance level. And also the one-tailed hypothesis P-value is 0.797 which is greater than 0.10. Then we can conclude that we have enough evidence to FAIL to reject the null hypothesis, and we can say that at 10% significance level the null hypothesis is valid.

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Answer:

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Step-by-step explanation:

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