How taxation and legislation impact positively and negatively on a insurance company

You interview a random sample of 50 adults. the results of the survey show that 46% of the adults said they were more likely to

photoshop1234 [79]

Answer:

$z=\frac{0.46 -0.51}{\sqrt{\frac{0.51(1-0.51)}{50}}}=-0.707$

$p_v =P(z$

So the p value obtained was a very high value and using the significance level given $\alpha=0.05$ we have $p_v>\alpha$ so we can conclude that we have enough evidence to FAIL to reject the null hypothesis, and we can said that at 5% of significance the proportion of adults who said they were more likely to buy a product when there are free samples is higher or equal than 0.51

Explanation:

Data given and notation

n=50 represent the random sample taken

$\hat p==0.46$ estimated proportion of adults who said they were more likely to buy a product when there are free samples

$p_o=0.51$ is the value that we want to test

$\alpha=0.05$ represent the significance level

Confidence=95% or 0.95

z would represent the statistic (variable of interest)

$p_v$ represent the p value (variable of interest)

Concepts and formulas to use

We need to conduct a hypothesis in order to test the claim that the true proportion is at least 0.51 or no.:

Null hypothesis: $p \geq 0.51$

Alternative hypothesis: $p < 0.51$

When we conduct a proportion test we need to use the z statistic, and the is given by:

$z=\frac{\hat p -p_o}{\sqrt{\frac{p_o (1-p_o)}{n}}}$ (1)

The One-Sample Proportion Test is used to assess whether a population proportion $\hat p$ is significantly different from a hypothesized value $p_o$ .

Calculate the statistic

Since we have all the info requires we can replace in formula (1) like this:

$z=\frac{0.46 -0.51}{\sqrt{\frac{0.51(1-0.51)}{50}}}=-0.707$

Statistical decision

It's important to refresh the p value method or p value approach . "This method is about determining "likely" or "unlikely" by determining the probability assuming the null hypothesis were true of observing a more extreme test statistic in the direction of the alternative hypothesis than the one observed". Or in other words is just a method to have an statistical decision to fail to reject or reject the null hypothesis.

The significance level provided $\alpha=0.05$ . The next step would be calculate the p value for this test.

Since is left tailed the p value would be:

$p_v =P(z$

So the p value obtained was a very high value and using the significance level given $\alpha=0.05$ we have $p_v>\alpha$ so we can conclude that we have enough evidence to FAIL to reject the null hypothesis, and we can said that at 5% of significance the proportion of adults who said they were more likely to buy a product when there are free samples is higher or equal than 0.51

7 0

3 years ago

Erie Corporation owns machinery with a book value of $2,200,000. It is estimated that the machinery will generate future cash fl

dexar [7]

Answer:

(d) include a $285,000 credit to the asset account.

Explanation:

Provided cost of machinery = $2,200,000

Since future estimated cash flows = $1,995,000

Fair value of machinery = $1,915,000,

Impairment loss is the loss which is the difference between carrying value and fair value in case where fair value is less than carrying value.

In the given case the asset would have been carried at $2,200,000

And the fair value = $1,915,000

Therefore the difference = $2,200,000 - $1,915,000 = $285,000 is the impairment loss, and with this amount the asset account will be credited.

7 0

3 years ago

Miguel was asked to improve his company's report format. Many employees and clients found the reports hard

VLD [36.1K]

In order to increase the readability, Miguel can use:

Shorter lines.
Columns.
Boxes.

<h3>Improving readability </h3>

Miguel can use shorter lines so that the chances of people getting lost when reading a sentence is reduced. He can also present the information in different columns for more organization.

Another way to organize the information can be in boxes. These can explain concepts away from the text so that the report is less cluttered.

In conclusion, there are several ways to increase readability.

Find out more on readability at brainly.com/question/3923453.

7 0

2 years ago

How are

MrRa [10]

All resources are scarce because all resources are limited. All businesses, individuals, and society face scarcity because when one resources become scarce or extinct, you can say, we all suffer from that one thing because we all need resources to survive.

3 0

3 years ago

As you get older, a Target Date Fund will adjust

sweet [91]

The target Date fund will adjust by holding your stocks the same and slightly increasing your bonds. Therefore the correct option is (D).

<h3>What is Target-date funds ?</h3>

Target-date funds are the funds which increases the assets for the specific time period. It is also known as exchange traded funds. Thus it is an life cycle fund wherein the allocation of the portfolio gradually becomes more cautious.

The Target Date fund will adjust by holding your stocks the same and slightly increasing your bonds. Therefore the correct option is (D).

Learn more about target Date fund here:

brainly.com/question/14389226

#SPJ1

6 0

2 years ago