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dimaraw [331]
3 years ago
15

64% of students will apply for graduate school. from a sample of 100 students, 52 stating that they will apply for grad school.

for alpha=.01 you ___ hypothesis
Mathematics
1 answer:
lana66690 [7]3 years ago
7 0

Answer:

you<u> accept </u>the alternative hypothesis

Step-by-step explanation:

The null and alternative hypothesis can be computed as follows:

H_o: p = 0.64 \\ \\ H_1: p \le 0.64

The sample proportion \hat p = \dfrac{x}{n}

\hat p = \dfrac{52}{100}

\hat p = 0.52

The test statistics can be computed as:

Z = \dfrac{\hat p -p_o}{ \sqrt{ \dfrac{p_o \times (1-p_o)}{ n} }}}

Z = \dfrac{0.52 -0.64}{ \sqrt{ \dfrac{0.64 \times (1-0.64)}{ 100} }}}

Z = -2.5

The P-value = 2( Z< -2.5)

From the tables;

The P-value = 2 (0.0062)

The P-value = 0.0124

The significance level = 0.01

Since the P-value is > significance level; we fail to reject the null hypothesis.

Conclusion: we accept the alternative hypothesis

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Mr. Winking is purchasing a car and needs to finance $24,000 from the bank with an annual percentage rate (APR)
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Answer:

<em>The monthly payment is $450.71</em>

Step-by-step explanation:

<u>Financial Computing </u>

Given the loan amount A, the loan term t, and the APR (annual percentage rate), the montly payment is computed as

\displaystyle P=\frac{A}{f}

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\displaystyle f=\frac{1-(1+i)^{-n}}{i}

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