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olasank [31]
3 years ago
14

30 POINTS!!!!!!!! JoeNah, DeKobian and Evan wrote equations to calculate the amount of money in a savings account after one year

with 5% interest paid annually on an investment of dollars. Let B represent the balance of money saved.
JoeNah’s Equation: B = 1.5

DeKobian's Equation: B = + 0.05

Evan's Equation: B = (1+0.05)

The three students decided to see if their equations would give the same answer by using a $100 balance. Find the total amount of money in the savings account using each student’s equation. Show your work
Mathematics
1 answer:
castortr0y [4]3 years ago
4 0

Answer:

See the explanation for the answer to this question

Step-by-step explanation:

Let

B ---> the balance of money saved.

M ---> the amount invested in dollars

JoeNah's Equation

M=$100

B=1.5(100)=\$150

Dekobian's Equation

M=$100

B=100+0.05(100)=\$105

Evan's Equation

M=$100

B=M(1+0.05)

Substitute

B=100(1+0.05)=\$105

Dekobian's equation and Evan's equation are correct! :)

JoeNah's equation is wrong. :(

Hope this helps you!

Have a good evening!

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Taya2010 [7]

Answer:

Step-by-step explanation:

Part A

For Athletic scholarship,

Mean = (16 + 24 + 20 + 25 + 24 + 23 + 21 + 22 + 20 + 20)/10 = 21.5

Standard deviation = √(summation(x - mean)²/n

n = 10

Summation(x - mean)² = (16 - 21.5)^2 + (24 - 21.5)^2 + (20 - 21.5)^2 + (25 - 21.5)^2 + (24 - 21.5)^2 + (23 - 21.5)^2 + (21 - 21.5)^2 + (22 - 21.5)^2 + (20 - 21.5)^2 + (20 - 21.5)^2 = 64.5

Standard deviation = √64.5/10 = 2.54

For non athletic scholarship,

Mean = (23 + 25 + 26 + 30 + 32 + 26 + 28 + 29 + 26 + 27 + 29 + 27 + 22 + 24 + 25)/15 = 26.6

n = 15

Summation(x - mean)² = (23 - 26.6)^2 + (25 - 26.6)^2 + (26 - 26.6)^2 + (30 - 26.6)^2 + (32 - 26.6)^2 + (26 - 26.6)^2 + (28 - 26.6)^2 + (29 - 26.6)^2 + (26 - 26.6)^2 + (27 - 26.6)^2 + (29 - 26.6)^2 + (27 - 26.6)^2 + (22 - 26.6)^2 + (24 - 26.6)^2 + (25 - 26.6)^2 = 101.6

Standard deviation = √101.6/15 = 2.6

This is a test of 2 independent groups. The population standard deviations are not known. it is a two-tailed test. Let 1 be the subscript for scores of athletes and 2 be the subscript for scores of non athletes.

Therefore, the population means would be μ1 and μ2

The random variable is x1 - x2 = difference in the sample mean scores of athletes and non athletes.

We would set up the hypothesis.

The null hypothesis is

H0 : μ1 = μ2 H0 : μ1 - μ2 = 0

The alternative hypothesis is

H1 : μ1 ≠ μ2 H1 : μ1 - μ2 ≠ 0

Since sample standard deviation is known, we would determine the test statistic by using the t test. The formula is

(x1 - x2)/√(s1²/n1 + s2²/n2)

From the information given,

x1 = 21.5

x2 = 26.6

s1 = 2.54

s2 = 2.6

n1 = 10

n2 = 15

t = (21.5 - 26.6)/√(2.54²/10 + 2.6²/15)

t = - 4.65

The formula for determining the degree of freedom is

df = [s1²/n1 + s2²/n2]²/(1/n1 - 1)(s1²/n1)² + (1/n2 - 1)(s2²/n2)²

df = [2.54²/10 + 2.6²/15]²/[(1/10 - 1)(2.54²/10)² + (1/15 - 1)(2.6²/15)²] = 1.2008/0.1039

df = 12

We would determine the probability value from the t test calculator. It becomes

p value = 0.00056

Since alpha, 0.1 > than the p value, 0.00056, then we would reject the null hypothesis.

Therefore, these data provide convincing evidence of a difference in ACT scores between athletes and nonathletes.

Part B

The formula for determining the confidence interval for the difference of two population means is expressed as

Confidence interval = (x1 - x2) ± z√(s²/n1 + s2²/n2)

For a 90% confidence level, the z score from the normal distribution table is 1.645

x1 - x2 = 21.5 - 26.6 = - 5.1

√(s1²/n1 + s2²/n2) = √(2.54²/10 + 2.6²/15) = 1.05

The confidence interval is - 5.1 ± 1.05

This analysis provides evidence that the mean scores for non athletes is higher than the mean scores for athletes, and that the difference between means in the population is likely to be between 4.05 and 6.15

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