Answer: Hello below is the complete question
A survey of entrepreneurs focused on their job characteristics, work habits, social activities, leisure time, etc. One question put to each entrepreneur was, "What make of car (U.S., Europe, or Japan) do you drive?" The responses (number in each category) for a sample of 100 entrepreneurs are summarized below. The goal of the analysis is to determine if the proportions of entrepreneurs who drive American, European, and Japanese cars differ.
U.S. Europe Japan
40 35 25
In order to determine whether the true proportions in each response category differ, a one-way chi-square analysis should be conducted. Suppose the p-value for the test was calculated to be p=0.1738 . What is the appropriate conclusion to make when testing at α = 0.10?
Answer : The conclusion to be drawn is that We cannot reject the Null hypothesis if we use a one-way chi square analysis because at α = 0.1 from the chi-square tabulated p-value = 0.584 while the calculated /given p-value is = 0.1738
Explanation:
Data given:
p-value = 0.1738
α = 0.10
sample size = 100
U.S cars = 40, Europe cars = 35, Japan cars = 25
The conclusion to be drawn is that We cannot reject the Null hypothesis if we use a one-way chi square analysis because at α = 0.1 from the chi-square tabulated p-value = 0.584 while the calculated /given p-value is = 0.1738
Answer:
Interest will be $855 x 10 years= $8,550
Explanation:
Interest
6÷100=0.06
0.06x14,250=$855
$855x10=$8,550.
How much to have paid back
At the end of 10years $8,550 would have been paid as interest
Total sum will be $14,250+$8,550=$22,800 to be paid back.
Answer:
A written warranty promises replacement or refund for defective products.
Answer:
7.8%
Explanation:
The formula and the computation of the return on assets is shown below:
Return on assets = (Net income) ÷ (average of total assets)
where,
Net income is $32,500
And, the average of total assets equal to
= (Beginning assets + ending assets) ÷ 2
= ($405,000 +$425,000) ÷ 2
= $415,000
So, the return on assets is
= $32,500 ÷ $415,000
= 7.8%
