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Nataly_w [17]
3 years ago
15

find the simple interest earned to the nearest cent for principal interest rate and time. $570, 6% , 1 year

Mathematics
1 answer:
olasank [31]3 years ago
4 0

Answer:

34.2

Step-by-step explanation:

570 x 0.06 6% is the interest

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Step-by-step explanation:

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The U.S. Bureau of Labor Statistics reports that 11.3% of U.S. workers belong to unions (BLS website, January 2014). Suppose a s
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Answer:

There is not enough evidence to support the claim that union membership increased.

Step-by-step explanation:

We are given the following in the question:

Sample size, n = 400

p = 11.3% = 0.113

Alpha, α = 0.05

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First, we design the null and the alternate hypothesis

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The null hypothesis sates that 11.3% of U.S. workers belong to union and the alternate hypothesis states that there is a increase in union membership.

Formula:

\hat{p} = \dfrac{x}{n} = \dfrac{52}{400} = 0.13

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Putting the values, we get,

z = \displaystyle\frac{0.13-0.113}{\sqrt{\frac{0.113(1-0.113)}{400}}} = 1.073

now, we calculate the p-value from the table.

P-value = 0.141636

Since the p-value is greater than the significance level, we fail to reject the null hypothesis and accept the null hypothesis.

Thus, there is not enough evidence to support the claim that union membership increased.

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N represents the number of payment periods.  Supposing you arranged for a mortgage to buy a house; you'd have to make n payments of so many dollars per month to pay off the mortgage (the total amount due,with interest).  

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