Answer:
The final ballance will be $1300.37.
Step-by-step explanation:
In this case we have a compounded interest, in order to calculate the final balance we need to use the following formula:
S = P(1 + r/n)^(n*t)
Where S is the final balance, P is the initial investment, r is the rate of interest, t is the time and n is the rate at which it is compounded. Since we have all the values we can directly apply to the formula as follows:
S = 975.52*(1 + 0.0725/4)^(4*4)
S = 975.52*(1.018125)^(16)
S = 975.52*1.333
S = 1300.37
The final ballance will be $1300.37.
The graph will be as shown in attached figure
Answer:
156 students
Step-by-step explanation:
To find how many students are in choir this year, multiply 120 by 1.3
120(1.3)
= 156
So, this year, 156 students are taking choir
Step-by-step explanation:
what does the ^ stand for? what number does it represent?
Answer:
z≈3.16
p≈0.001
we reject the null hypothesis and conclude that the student knows more than half of the answers and is not just guessing in 0.05 significance level.
Step-by-step explanation:
As a result of step 2, we can assume normal distribution for the null hypothesis
<em>step 3:</em>
z statistic is computed as follows:
z=
where
- X is the proportion of correct answers in the test (
) - M is the expected proportion of correct answers according to the null hypothesis (0.5)
- p is the probability of correct answer (0.5)
- N is the total number of questions in the test (40)
z=
≈ 3.16
And corresponding p value for the z-statistic is p≈0.001.
Since p<0.05, we reject the null hypothesis and conclude that the student knows more than half of the answers and is not just guessing in 0.05 significance level.