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2 years ago

12

Jonah took out a four year loan for $22,000 to help pay for college. He has to pay 5% simple interest on the loan. How much will

he have to pay back at the end of the four years?

1 answer:

suter [353]2 years ago

6 0

Answer:

26,400

Step-by-step explanation:

1) Find 5% of 22,000 by multiplying 22,000 by .05. You should get 1100.

2) Multiply that by 4. (4400)

3) Now add that to the original.

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Step-by-step explanation:

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3 years ago

A local police chief claims that 31% of all drug-related arrests are never prosecuted. A sample of 500 arrests shows that 27% of

Elis [28]

Answer:

$z=\frac{0.27 -0.31}{\sqrt{\frac{0.31(1-0.31)}{500}}}=-1.933$

$p_v =P(Z$

If we compare the p value obtained and the significance level given $\alpha=0.02$ we have $p_v>\alpha$ so we can conclude that we have enough evidence to FAIL reject the null hypothesis, and we can said that at 2% of significance the proportion of arrests that were not prosecuted is not significanlty less than 0.31.

Step-by-step explanation:

1) Data given and notation

n=500 represent the random sample taken

X represent the number of arrests that were not prosecuted.

$\hat p=0.27$ estimated proportion of arrests that were not prosecuted

$p_o=0.31$ is the value that we want to test

$\alpha=0.02$ represent the significance level

Confidence=98% or 0.98

z would represent the statistic (variable of interest)

$p_v$ represent the p value (variable of interest)

2) Concepts and formulas to use

We need to conduct a hypothesis in order to test the claim that the true proportion is less than 0.31.:

Null hypothesis: $p\geq 0.31$

Alternative hypothesis: $p < 0.31$

When we conduct a proportion test we need to use the z statisitc, and the is given by:

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

The One-Sample Proportion Test is used to assess whether a population proportion $\hat p$ is significantly different from a hypothesized value $p_o$ .

3) Calculate the statistic

Since we have all the info requires we can replace in formula (1) like this:

$z=\frac{0.27 -0.31}{\sqrt{\frac{0.31(1-0.31)}{500}}}=-1.933$

4) Statistical decision

It's important to refresh the p value method or p value approach . "This method is about determining "likely" or "unlikely" by determining the probability assuming the null hypothesis were true of observing a more extreme test statistic in the direction of the alternative hypothesis than the one observed". Or in other words is just a method to have an statistical decision to fail to reject or reject the null hypothesis.

The significance level provided $\alpha=0.02$ . The next step would be calculate the p value for this test.

Since is a left tailed test the p value would be:

$p_v =P(Z$

If we compare the p value obtained and the significance level given $\alpha=0.02$ we have $p_v>\alpha$ so we can conclude that we have enough evidence to FAIL reject the null hypothesis, and we can said that at 2% of significance the proportion of arrests that were not prosecuted is not significanlty less than 0.31.

3 0

3 years ago

Please help me <br>by the way this is a 2 mark question from mathswatch

BigorU [14]

Answer:

y = - 13, y = 13

Step-by-step explanation:

Given

y² = 169 ( take the square root of both sides )

y = ± $\sqrt{169}$ = ± 13

Since 13 × 13 = 169 and - 13 × - 13 = 169

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3 years ago