Answer:
The annual interest rate is 12.05%.
Step-by-step explanation:
The simple interest is given by the formula:
Where I denotes interest.
P denotes the principal amount.
R denotes the rate of interest
and T denotes the time period.
I=$160.67, P=$2000, t=8 months=8/12 years (Since 12 months=1 year so 1 month=1/12 year)
Hence, the annual interest rate is 12.05%.
Answer:
Step-by-step explanation:
Confidence interval for the difference in the two proportions is written as
Difference in sample proportions ± margin of error
Sample proportion, p= x/n
Where x = number of success
n = number of samples
For the men,
x = 318
n1 = 520
p1 = 318/520 = 0.61
For the women
x = 379
n2 = 460
p2 = 379/460 = 0.82
Margin of error = z√[p1(1 - p1)/n1 + p2(1 - p2)/n2]
To determine the z score, we subtract the confidence level from 100% to get α
α = 1 - 0.95 = 0.05
α/2 = 0.05/2 = 0.025
This is the area in each tail. Since we want the area in the middle, it becomes
1 - 0.025 = 0.975
The z score corresponding to the area on the z table is 1.96. Thus, confidence level of 95% is 1.96
Margin of error = 1.96 × √[0.61(1 - 0.61)/520 + 0.82(1 - 0.82)/460]
= 1.96 × √0.0004575 + 0.00032086957)
= 0.055
Confidence interval = 0.61 - 0.82 ± 0.055
= - 0.21 ± 0.055
X+ y = 44
x - y = 6
—————
2x = 50
x = 25
y = 44-x = 19
5(3)-(-3)
15- (-3)
15+3 = 18
