Answer:
$11654 approx
Step-by-step explanation:
Given data
Principal amount = 22300 dollars
Rate= 10.25%
time= 6 years
The expression for the decrease is given as
A=P(1-r)^t-----------Note the negative sign is because of the decrease
substitute
A= 22300(1-0.1025)^6
A=22300(0.8975)^6
A=22300*0.5226
A=$11653.98
Hence the new value is $11654 approx
Answer:
- There is no significant evidence that p1 is different than p2 at 0.01 significance level.
- 99% confidence interval for p1-p2 is -0.171 ±0.237 that is (−0.408, 0.066)
Step-by-step explanation:
Let p1 be the proportion of the common attribute in population1
And p2 be the proportion of the same common attribute in population2
: p1-p2=0
: p1-p2≠0
Test statistic can be found using the equation:
where
- p1 is the sample proportion of the common attribute in population1 ()
- p2 is the sample proportion of the common attribute in population2 ()
- p is the pool proportion of p1 and p2 ()
- n1 is the sample size of the people from population1 (30)
- n2 is the sample size of the people from population2 (1900)
Then ≈ 2.03
p-value of the test statistic is 0.042>0.01, therefore we fail to reject the null hypothesis. There is no significant evidence that p1 is different than p2.
99% confidence interval estimate for p1-p2 can be calculated using the equation
p1-p2± where
- z is the z-statistic for the 99% confidence (2.58)
Thus 99% confidence interval is
0.533-0.704± ≈ -0.171 ±0.237 that is (−0.408, 0.066)
Hello,
Please, see the attached file.
Thanks.
Use the formula A=p(1+r)^n
where
A= value of investment
r= rate
n= time period
p= amount invested
in this question
r= 5.75% but compounded quarterly means divide this by 4
r= 23/1600
n=7*4
n=28
p= $1200
A=1200(1+23/1600)^28
A= $1789.54
Therefore the value of her investment in 7 years is $1789.54