Answer:
A. 0.0049
B. Yes
Step-by-step explanation:
Sample proportion = 0.64
N = 1000
Population proportion = 0.60
We solve for standard deviation
= √p(1-p)/n
= √0.60(1-0.60)/1000
= √0.60x0.40/1000
= √0.00024
= 0.0155
A.
The probability of sample >=0.64
Z>=0.64-0.60/0.0155
Z >= 0.04/0.0155
So z >= 2.5806
Using excel this equal to 0.0049
0.0049 is probability of sample proportion being 0.64 at least.
B.
This answer in a shows that than 60% of households in the united states income class purchased life insurance last year.
Answer:
equation B is linear. A linear equation will not contain exponents.
Step-by-step explanation:
The answer is B.
In order to add the two values together, you must find the least common multiple for the denominators. The denominators are 8 and 4, and the least common multiple of 8 and 4 is 8. Because you have to multiply 4 by 2 to get 8, you must also multiply 3 by 2 to get 6. This will give you 6/8.
Since only the principal value, interest rate and interest period are given, we can deduce that "finance charge" only includes the interest to be paid at the end of the term. This can be obtained by subtracting the principal value from the future value which we will solve for.
The future value can be solved by using the following compound interest formula:
Let:
F = Future value
P = Principal value
r<span> = annual interest rate </span>
n<span> = number of times that interest is compounded per year</span>
t<span> = number of years</span>
F = P(1 + r/n)^nt
Substituting the given values:
F = 4250(1 + 0.1325/12)^(12*2)
F = 5531.54
Subtracting P from F:
Finance charge = 5531.54 - 4250 = 1281.54
Therefore the finance charge is $1,281.54
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Answer: 12% more interest
I hope this helped!
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- Zack Slocum
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