Question 10 (3 points)
1 answer:
Answer:
$3,090.64
Step-by-step explanation:
We shall allocate a random letter to each value, with that I explain the formula.
Initial value of investment = $5,003.86 = P
Rate of interest = 3.7% = R
Compounding interval in a year = 365 = I
Total period = 13 years = T
Value of investment in compound interest formula shall be:
Now, putting values in the above equation:
= $8,094.50
Thus, interest earned = Total value of investment on maturity - Initially invested amount
= $8,094.50 - $5,003.86 = $3,090.64
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Answer:
Two tailed
Step-by-step explanation:
Given that a security expert claims that exactly 13% of all homeowners have a home security alarm.
Here we have to check whether the contention of security expert is correct or not
The test is to be done for the proportion of homeowners who have a home security alarm to total homeowners.
Let p be the proportion.
For this we set up hypotheses as:
This is a two tailed test
Because alternate is for not equal to. If alternate is for > or < we say one tailed and if not equal to we say two tailed.