I need help please .
1 answer:
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Answer:
2.22%
Step-by-step explanation:
$8400 is invested in an account earning 2.2% interest (APR), compounded monthly.
So, the value of the account after t years will be given by
{Rounded to the four decimal places} (Answer)
Now, for t = 1 year, f(1) = $8586.67
So, the percentage of growth per year (APY) = % {Rounded to the nearest hundredth of percent} (Answer)
Answer:
Assuming a standard significance level of the best conclusion for this case would be:
4. There is not enough evidence to show that more than 35% of community college students own a smart phone (P-value = 0.034).
Because
If we select a significance level lower than 0.034 then the conclusion would change.
Step-by-step explanation:
Data given
n=300 represent the random sample taken
X=120 represent the people who have a smart phone
estimated proportion of people who have a smart phone
is the value that we want to test
z would represent the statistic (variable of interest)
represent the p value (variable of interest)
System of hypothesis
We need to conduct a hypothesis in order to test the claim that the true proportion of people who have a smart phone is higher than 0.35, the system of hypothesis are.:
Null hypothesis:
Alternative hypothesis:
The statistic is given by:
(1)
Calculate the statistic
Since we have all the info requires we can replace in formula (1) like this:
Statistical decision
Since is a right tailed test the p value would be:
Assuming a standard significance level of the best conclusion for this case would be:
4. There is not enough evidence to show that more than 35% of community college students own a smart phone (P-value = 0.034).
Because
If we select a significance level lower than 0.034 then the conclusion would change.