You reject the Null Hypothesis when you have a small P-Value. Here is an example! Also we never accept the null hypothesis, think of it like this if we bring someone to court you wouldn't say their innocent of a crime, you only know that if they do not get convicted of the crime they are not guilty in the eyes of the law. Same thing applies here, since there could be several answers that satisfy our assumptions made, we can not be certain that 1 of those assumptions is the REAL answer it's just AN answer.
Well, bearing in mind that, a year has 12 months, so 18 months is really just 18/12 of a year, or 3/2 a year, then
Answer:
0.03
Step-by-step explanation:
Percentage of americans with diabetes = 10.5% = 0.105
Percentage of americans without diabetes = 89.5% = 0.895
Adults over 40 with diabetes tested positive = 95% = 0.95
Adults over 40 with diabetes tested negative = 5% = 0.05
Adults over 40 without diabetes tested positive = 3.5% = 0.035
Adults over 40 without diabetes tested negative = 96.5% = 0.965
The probability of selecting an adult over 40 without diabetes but positive diagnosis;
= 0.895 * 0.035
= 0.031325
= 0.03
Interest depends a lot on the compounding period.
Since the period is exactly 4 months, we assume
APR=8%
monthly interest=8/12%=0.00666667
Interest due in 4 months
=7000[(1+0.08/12)^4-1]
=7000[0.0269345]
=$188.54
