To find this answer we have to do these steps below
1. Find the amount of money that LaShawn earns in an Hour
We have to do 60/8 which is 7.5
LaShawn earns 7.5 dollars in an hour
2. Multiply 7.5 by 35
The answer to that is 262.5 dollars
Therefore the answer is 262.5 dollars
I hope this helped, if it's wrong, blame me
Ps. Brailents would help a LOT
Answer:
Now we can calculate the p value with the following probability:
Since the p value is lower than the significance level we have enough evidence to reject the null hypothesis and we can conclude that the true proportion for this case is higher than 0.5
Step-by-step explanation:
Data given and notation
n=75 represent the random sample taken
estimated proportion of interest
is the value that we want to test
represent the significance level
Confidence=95% or 0.95
z would represent the statistic
represent the p value
System of hypothesis
We want to verify if the true proportion is higher than 0.5:
Null hypothesis:
Alternative hypothesis:
The statistic is given by:
(1)
Replacing the info given we got:
Now we can calculate the p value with the following probability:
Since the p value is lower than the significance level we have enough evidence to reject the null hypothesis and we can conclude that the true proportion for this case is higher than 0.5
Since there are 120 payment and the total interest paid was
$ 14,644.95. so the average monthly interest can be calculated by:
Average monthly interest = $ 14,644.95 / 120
Average monthly interest = $ 122.04
% total interest = ($ 14,644.95) / $ 39,644.95 x 100
% total interest =36.94 %