Answer:
Step-by-step explanation:
Hello!
The study variable is:
X: number of customers that recognize a new product out of 120.
There are two possible recordable outcomes for this variable, the customer can either "recognize the new product" or " don't recognize the new product". The number of trials is fixed, assuming that each customer is independent of the others and the probability of success is the same for all customers, p= 0.6, then we can say this variable has a binomial distribution.
The sample proportion obtained is:
p'= 54/120= 0.45
Considering that the sample size is large enough (n≥30) you can apply the Central Limit Theorem and approximate the distribution of the sample proportion to normal: p' ≈ N(p;
)
The other conditions for this approximation are also met: (n*p)≥5 and (n*q)≥5
The probability of getting the calculated sample proportion, or lower is:
P(X≤0.45)= P(Z≤
)= P(Z≤-3.35)= 0.000
This type of problem is for the sample proportion.
I hope this helps!
Just find the interest paid after one year, and then multiply the result by 6 (years). This gives you the amount of simple interest.
The easiest approach would be to use the formula i = p r t. In this case p = $600, r = 0.04, and t = 6 years.
1. the total of an area under the curve must be equal to one. 2. Every point of the curve must have an vertical height that is 0 or greater.
Answer:
40 $
Step-by-step explanation:
1). 4000 + 960 = 4960 dollars - this is the answer for the first question
2). 960 / 4000 = 0.24 - this means the intrest rate was 24 %
3). 24 % + 1 % = 25 %
4) 0.25 * 4000 = 1000 - this is would be the intrest rate at 25 %
5) 1000 -960 = 40 dollars - she would have earned 40 more dollars with a
25 % interest.
Hope this helps!)))