Answer:
= $20
Step-by-step explanation:
Simple interest is given by the formula'
Interest = PRt/100, where P is the principal amount, R is the rate of interest and t is the interest period in years
Therefore;
Simple interest = ($ 1000 × 2 × 1)/100
= $ 20
The simple interest owed for the use of the principal at a period of 1 year is $ 20.
Answer:
75%
Step-by-step explanation:
Answer:
Step-by-step explanation:
a) The formula for determining the standard error of the distribution of differences in sample proportions is expressed as
Standard error = √{(p1 - p2)/[(p1(1 - p1)/n1) + p2(1 - p2)/n2}
where
p1 = sample proportion of population 1
p2 = sample proportion of population 2
n1 = number of samples in population 1,
n2 = number of samples in population 2,
From the information given
p1 = 0.77
1 - p1 = 1 - 0.77 = 0.23
n1 = 58
p2 = 0.67
1 - p2 = 1 - 0.67 = 0.33
n2 = 70
Standard error = √{(0.77 - 0.67)/[(0.77)(0.23)/58) + (0.67)(0.33)/70}
= √0.1/(0.0031 + 0.0032)
= √1/0.0063
= 12.6
the standard error of the distribution of differences in sample proportions is 12.6
b) the sample sizes are large enough for the Central Limit Theorem to apply because it is greater than 30
