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Country Financial, a financial services company, uses surveys of adults age and older to determine if personal financial fitness

Yakvenalex [24]

Complete Question

Country financials, a financial services company, uses surveys of adults age 18 and older to determine if personal financial fitness is changing over time. In February 2012, a sample of 1000 adults showed 410 indicating that their financial security was more that fair. In Feb 2010, a sample of 900 adults showed 315 indicating that their financial security was more than fair.

a

State the hypotheses that can be used to test for a significant difference between the population proportions for the two years.

b

What is the sample proportion indicating that their financial security was more that fair in 2012?In 2010?

c

Conduct the hypothesis test and compute the p-value.At a .05 level of significance what is your conclusion?

Answer:

a

The null hypothesis is $H_o : p_1 = p_2$

The alternative hypothesis is $H_a : p_1 \ne p_2$

b

in 2012 $\r p_1 =0.41$

in 2010 $\r p_2 =0.35$

c

The p-value is $p-value = 0.0072$

The conclusion is

There is sufficient evidence to conclude that the proportion of those indicating that financial security is more fair in Feb 2010 is different from the proportion of those indicating that financial security is more fair in Feb 2012.

Step-by-step explanation:

From the question we are told that

The sample size in 2012 is $n_1 = 1000$

The number that indicated that their finance was more than fail is k = 410

The sample size in 2010 is $n_2 = 900$

The number that indicated that their finance was more than fail is u = 315

The level of significance is $\alpha = 0.05[/ex]The null hypothesis is [tex]H_o : p_1 = p_2$

The alternative hypothesis is $H_a : p_1 \ne p_2$

Generally the sample proportion for 2012 is mathematically represented as

$\r p_1 = \frac{k}{n_1}$

=> $\r p_1 = \frac{410}{1000}$

=> $\r p_1 =0.41$

Generally the sample proportion for 2010 is mathematically represented as

$\r p_2 = \frac{u}{n_2}$

=> $\r p_2 = \frac{315}{900}$

=> $\r p_2 =0.35$

Generally the pooled sample proportion is mathematically represented as

$\r p = \frac{k + u }{n_1 + n_2}$

=> $\r p = \frac{410 + 315 }{1000+ 900}$

=> $\r p = 0.3816$

Generally the test statistics is mathematically represented as

$z = \frac{( \r p_1 - \r p_2 ) - 0}{\sqrt{\r p (1 - \r p ) ( \frac{1}{n_1} +\frac{1}{n_2} )} }$

$z = \frac{( 0.41 -0.35 ) - 0}{\sqrt{0.3816 (1 - 0.3816 ) ( \frac{1}{1000} +\frac{1}{900} )} }$

$z = 2.688$

Generally the p- value is mathematically represented as

$p-value = 2 P(Z >2.688 )$

From the z -table

$P(Z > 2.688) = 0.0036$

So

$p-value = 2 *0.0036$

$p-value = 0.0072$

So from the p-value obtained we see that p-value < $\alpha$ so we reject the null hypothesis

Thus there is sufficient evidence to conclude that the proportion of financial security is more fair in Feb 2010 is different from the proportion of financial security is more fair in Feb 2012.

5 0

3 years ago

The general equation for depreciation is given by y=a(1-r)^t where y=current value.

Jlenok [28]

With the help of the given equation, we know that the automobile is worth $12528.15 after four years.

<h3>What are equations?</h3>

A mathematical equation is a formula that uses the equals sign to represent the equality of two expressions.
a formula that expresses the connection between two expressions on each side of a sign.
Typically, it has a single variable and an equal sign.
Like this: 2x - 4 Equals 2.
In the above example, the variable x exists.

So, the equation of depreciation: y = A(1 - r)∧t

The current value is y.

A is the initial cost.

r is the depreciation rate.

t is the time in years, and

In four years, we must ascertain the present value.

Now,

y = $24000(1 - 0.15)⁴

y = 24000(0.85)⁴

y = 24000 × 0.52200625

y = 12528.15

Therefore, with the help of the given equation, we know that the automobile is worth $12528.15 after four years.

Know more about equations here:

brainly.com/question/28937794

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Complete question:
The general equation for depreciation is given by y = A(1 – r)t, where y = current value, A = original cost, r = rate of depreciation, and t = time, in years. The original value of a car is $24,000. It depreciates 15% annually. What is its value in 4 years? $

8 0

1 year ago

Find all real zeros of f(x) = 2x^2 +5x-18 algebraically.

den301095 [7]

2x2-5x-18=0

Two solutions were found :

x = -2
x = 9/2 = 4.500
Step by step solution :

Step 1 :

Equation at the end of step 1 :

(2x2 - 5x) - 18 = 0
Step 2 :

Trying to factor by splitting the middle term

2.1 Factoring 2x2-5x-18

The first term is, 2x2 its coefficient is 2 .
The middle term is, -5x its coefficient is -5 .
The last term, "the constant", is -18

Step-1 : Multiply the coefficient of the first term by the constant 2 • -18 = -36

Step-2 : Find two factors of -36 whose sum equals the coefficient of the middle term, which is -5 .

-36 + 1 = -35
-18 + 2 = -16
-12 + 3 = -9
-9 + 4 = -5 That's it

Step-3 : Rewrite the polynomial splitting the middle term using the two factors found in step 2 above, -9 and 4
2x2 - 9x + 4x - 18

Step-4 : Add up the first 2 terms, pulling out like factors :
x • (2x-9)
Add up the last 2 terms, pulling out common factors :
2 • (2x-9)
Step-5 : Add up the four terms of step 4 :
(x+2) • (2x-9)
Which is the desired factorization

Equation at the end of step 2 :

(2x - 9) • (x + 2) = 0
Step 3 :

Theory - Roots of a product :

3.1 A product of several terms equals zero.

When a product of two or more terms equals zero, then at least one of the terms must be zero.

We shall now solve each term = 0 separately

In other words, we are going to solve as many equations as there are terms in the product

Any solution of term = 0 solves product = 0 as well.

4 0

2 years ago

Read 2 more answers

Multiply the polynomials.<br>(5x2 + 2x + 8)(7x-6)

Ilia_Sergeevich [38]

Answer:

35x3 - 16x2 + 44x - 48

Step-by-step explanation:

35x3 + 14x2 + 56x - 30x2 - 12x - 48

35x3 - 16x2 + 44x - 48

6 0

3 years ago