Figure LMNP will be reflected across the y-axis. Place the point on the graph that represents

Mrs. Siebenaller bought a bus for 25,000 with a 7% interest rate mrs s gets a loan payoff of 60 months how much interest would s

Artist 52 [7]

Answer:

$\$4701.80$

Step-by-step explanation:

Mrs. Siebenaller bought a bus for 25,000 with a 7% interest rate and she gets a loan payoff of 60 months,

We know that,

$\text{PV of annuity}=P\left[\dfrac{1-(1+r)^{-n}}{r}\right]$

Where,

PV = Present value of annuity = 25000,

r = rate of interest of each period = $\dfrac{7}{12}$ % monthly

n = number of periods = 60 months,

Putting the values,

$\Rightarrow 25000=P\left[\dfrac{1-(1+\frac{0.07}{12})^{-60}}{\frac{0.07}{12}}\right]$

$\Rightarrow P=\dfrac{25000}{\left[\dfrac{1-(1+\frac{0.07}{12})^{-60}}{\frac{0.07}{12}}\right]}$

$\Rightarrow P=\$495.03$

Hence total amount paid is,

$=495.03\times 60=\$29,701.80$

Therefore interest amount is,

$=29,701.80-25,000=\$4701.80$

4 0

2 years ago

Jina filled her gas tank three times last week. Here are the amounts of gas she bought (in gallons).

inysia [295]

6+13.94+9.5= 29.44 gallons

3 0

2 years ago

23. A certain type of gasoline is supposed to have a mean octane rating of at least 90. Suppose measurements are taken on of 5 r

Nostrana [21]

Answer:

a) $p_v =P(Z$

b) Since $p_v$ we can reject the null hypothesis at the significance level given. So based on this we can commit type of Error I.

Because Type I error " is the rejection of a true null hypothesis".

c) $P(\bar X >90)=1-P(Z$

$1-P(Z$

d) For this case we need a z score that accumulates 0.02 of the area on the right tail and 0.98 on the left tail and this value is z=2.054

And we can use this formula:

$2.054=\frac{90-89}{\frac{0.8}{\sqrt{n}}}$

And if we solve for n we got:

$n = (\frac{2.054 *0.8}{1})^2=2.7 \approx 3$

Step-by-step explanation:

Previous concepts and data given

The margin of error is the range of values below and above the sample statistic in a confidence interval.

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

We can calculate the sample mean and deviation with the following formulas:

$\bar X = \frac{\sum_{i=1}^n X_i}{n}$

$s=\sqrt{\sum_{i=1}^n (X_i -\bar X)^2}{n-1}$

$\bar X=88.96$ represent the sample mean

$s=1.011$ represent the sample standard deviation

n=5 represent the sample selected

$\alpha$ significance level

State the null and alternative hypotheses.

We need to conduct a hypothesis in order to check if the mean is less than 90, the system of hypothesis would be:

Null hypothesis: $\mu \geq 90$

Alternative hypothesis: $\mu < 90$

If we analyze the size for the sample is < 30 and we don't know the population deviation so is better apply a t test to compare the actual mean to the reference value, and the statistic is given by:

$z=\frac{\bar X-\mu_o}{\frac{\sigma}{\sqrt{n}}}$ (1)

z-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".

Calculate the statistic

We can replace in formula (1) the info given like this:

$z=\frac{88.96-90}{\frac{0.8}{\sqrt{5}}}=-2.907$

Part a

P-value

First we need to calculate the degrees of freedom given by:

$df=n-1=5-1 = 4$

Then since is a left tailed test the p value would be:

$p_v =P(Z$

Part b

Since $p_v$ we can reject the null hypothesis at the significance level given. So based on this we can commit type of Error I.

Because Type I error " is the rejection of a true null hypothesis".

Part c

We want this probability:

$P(\bar X$

The best way to solve this problem is using the normal standard distribution and the z score given by:

$z=\frac{x-\mu}{\frac{\sigma}{\sqrt{n}}}$

If we apply this formula to our probability we got this:

$P(\bar X >90)=1-P(Z$

$1-P(Z$

Part d

For this case we need a z score that accumulates 0.02 of the area on the right tail and 0.98 on the left tail and this value is z=2.054

And we can use this formula:

$2.054=\frac{90-89}{\frac{0.8}{\sqrt{n}}}$

And if we solve for n we got:

$n = (\frac{2.054 *0.8}{1})^2=2.7 \approx 3$

7 0

2 years ago

HELP I GIVE 15 POINTS

ExtremeBDS [4]

Answer:

Alright well first off you start by converting everything to fractions, but decimals work better for me. So it would be 40.5 and 1.25, 40.5 being miles and the other gas. Divide 40.5 by 1.25, giving you 32.4

<u><em>His car get 32.4 miles per gallon</em></u>

8 0

2 years ago

A has $32 more than B, and B has five times as much money as C. If C has d dollars, how much does A have? Answer:

Hoochie [10]

A = B+32

B = 5C

A = 5C+32

C has d dollars so replace d for c

A = 5d+32

7 0

2 years ago