AP statistics:<br><br> What is the easiest way to understand sample size?

Kenji invests $3,500 at an interest rate of 3%, compounded monthly. How much is the investment worth at the end of 5 years?

Morgarella [4.7K]

3500(1 + .03/12)^12(5)
3500(1.0025)^60

The answer is:
$4,065.66 or $4,066

Hope this helps :)

4 0

3 years ago

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How do you wire 0.52 in words

Alexxx [7]

Answer: fifty-two hundredths

Step-by-step explanation:

4 0

3 years ago

3x + 40 = 11x -24<br><br> What does x equal?

pogonyaev

First, you would have to do 11x + 3x Since you're combining like terms.

Now your problem is 14x + 40 = -24

Now you would do 40 - -24 which is now 40+24 and equal to 64.

Now you divide 14 by 64 and you get 4.5

4 0

3 years ago

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Clarinex is a drug used to treat asthma. In clinical tests of this drug, 1655 patients were treated with 5- mg doses of Clarinex

bagirrra123 [75]

Answer:

$z=\frac{0.021 -0.012}{\sqrt{\frac{0.012(1-0.012)}{1655}}}=3.363$

$p_v =P(z>3.363)=0.00039$

So the p value obtained was a very low value and using the significance level given $\alpha=0.01$ we have $p_v$ so we can conclude that we have enough evidence to reject the null hypothesis, and we can said that at 1% of significance the proportion of interest is significantly higher than 0.012 (1.2%)

Step-by-step explanation:

Data given and notation

n=1655 represent the random sample taken

$\hat p=0.021$ estimated proportion of interest

$p_o=0.012$ is the value that we want to test

$\alpha=0.01$ represent the significance level

Confidence=99% or 0.99

z would represent the statistic (variable of interest)

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

Concepts and formulas to use

We need to conduct a hypothesis in order to test the claim that true proportions is higher than 0.012.:

Null hypothesis: $p \leq 0.012$

Alternative hypothesis: $p > 0.012$

When we conduct a proportion test we need to use the z statisitic, 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 $p_o$ .

Calculate the statistic

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

$z=\frac{0.021 -0.012}{\sqrt{\frac{0.012(1-0.012)}{1655}}}=3.363$

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 $\alpha=0.01$ . The next step would be calculate the p value for this test.

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

$p_v =P(z>3.363)=0.00039$

So the p value obtained was a very low value and using the significance level given $\alpha=0.01$ we have $p_v$ so we can conclude that we have enough evidence to reject the null hypothesis, and we can said that at 1% of significance the proportion of interest is significantly higher than 0.012 (1.2%)

3 0

3 years ago

Identify whether the following equation has a unique solution, no solution, or infinitely many solutions.

fredd [130]

Answer:

no solution

Step-by-step explanation:

4( − 11) = 15 − 4

-44 = 11

Since this iS FALSE, it means that the equation given has no solution

7 0

3 years ago

AP statistics: What is the easiest way to understand sample size?