3 years ago

Which of the following is an advantage to refinancing?

Mathematics

1 answer:

Artemon [7]3 years ago

5 0

Answer:

c it offers lower interest rates

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Answer:

$z=\frac{0.0904 -0.1}{\sqrt{\frac{0.1(1-0.1)}{564}}}=-0.760 \approx -0.8$

$p_v =2*P(z$

Step-by-step explanation:

Information given

n=564 represent the sample selected

X=51 represent the number of people who rated the overall services as poor

$\hat p=\frac{51}{564}=0.0904$ estimated proportion of people who rated the overall services as poor

$p_o=0.1$ is the value to compare

z would represent the statistic

Hypothsis to analyze

We want to analyze if the proportion of customers who would rate the overall car rental services as poor is 0.1, so then the system of hypothesis are:

Null hypothesis: $p=0.1$

Alternative hypothesis: $p \neq 0.1$

The statistic for a one z test for a proportion is given by:

$z=\frac{\hat p -p_o}{\sqrt{\frac{p_o (1-p_o)}{n}}}$ (1)

Replacing the info given we got:

$z=\frac{0.0904 -0.1}{\sqrt{\frac{0.1(1-0.1)}{564}}}=-0.760 \approx -0.8$

And the p value since we have a bilateral test is given b:

$p_v =2*P(z$

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