Answer:
rational
Step-by-step explanation:
Answer:
FV= $21,038.28
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $15,000
Interest rate (i)= 7% compounded annually
Number of periods (n)= 5
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 15,000*(1.07^5)
FV= $21,038.28
Answer:
A. We have extremely strong evidence to reject H0.
Step-by-step explanation:
Let P be the proportion of non-retirees in 2015 who did not think that Social Security would be able to pay a retirement benefit by the time that they retire.
According to the data null and alternative hypotheses should be:
: P=0.60
: P<0.60
Test statistics is -4.29 and p-value of the statistics is p<0.001
At every significance levels higher than 0.001, we can reject the null hypothesis since p<0.001.
This is fairly simple. Divide 2,871,000 by 10 and that's your answer!

Also, since you're dividing by a factor of 10 (or in this case, <em>10</em>) you can just take away as many places as are zeros in the number you're dividing from. This works for <em>10, 100, 1,000, 10,000, etc. </em>In this case, since there is only one zero in 10 you only take away one place marking, which gives you 287,100.