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olga_2 [115]
2 years ago
5

Tom deposited $2,410 in a bank that pays 12% interest compounded monthly find the amount he will have at the end of three years​

Mathematics
1 answer:
BabaBlast [244]2 years ago
3 0

Answer: 3448.15

Step-by-step explanation:

The formula is

A=p ((1+(r/n))^(tn)

A future value ?

P present value 2410

R interest rate 0.12

N compounded monthly 12

T time 3 years

A=2,410×((1+(0.12÷12))^(3×12)

A=3448.15

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3 years ago
Suppose that each observation in a random sample of 100 fatal bicycle accidents in 2015 was classified according to the day of t
liraira [26]

Answer:

The calculated χ² =  0.57   does not fall in the critical region χ² ≥  12.59  so we fail to reject the null hypothesis and conclude the proportion of fatal bicycle accidents in 2015 was the same for all days of the week.

Step-by-step explanation:

1) We set up our null and alternative hypothesis as

H0:  proportion of fatal bicycle accidents in 2015 was the same for all days of the week

against the claim

Ha:  proportion of fatal bicycle accidents in 2015 was not the same for all days of the week

2) the significance level alpha is set at 0.05

3) the test statistic under H0 is

χ²= ∑ (ni - npi)²/ npi

which has an approximate chi square distribution with ( n-1)=7-1=  6 d.f

4) The critical region is χ² ≥ χ² (0.05)6 = 12.59

5) Calculations:

χ²= ∑ (16- 14.28)²/14.28 + (12- 14.28)²/14.28 + (12- 14.28)²/14.28 + (13- 14.28)²/14.28 + (14- 14.28)²/14.28 + (15- 14.28)²/14.28 + (18- 14.28)²/14.28

χ²= 1/14.28 [ 2.938+ 5.1984 +5.1984+1.6384+0.0784 +1.6384+13.84]

χ²= 1/14.28[8.1364]

χ²= 0.569= 0.57

6) Conclusion:

The calculated χ² =  0.57   does not fall in the critical region χ² ≥  12.59  so we fail to reject the null hypothesis and conclude the proportion of fatal bicycle accidents in 2015 was the same for all days of the week.

b.<u> It is r</u>easonable to conclude that the proportion of fatal bicycle accidents in 2015 was the same for all days of the week

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2 years ago
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Answer:

-6.25

Step-by-step explanation:

6.25 - 9= -2.75.

-2.75-3.5= -6.25

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