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3 years ago

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Marissa knows that she needs $35,000 for a down payment on a house. She found an investment that earns 3.25% interest compoundin

g monthly. She would like to purchase the home in 5 years. How much should she put in the account now to ensure she has her down payment? (1 point)

1 answer:

BigorU [14]3 years ago

7 0

Answer:

Step-by-step explanation:

You might be interested in

Which inequality is equivalent to this one?<br>Y-8≤-2

Arlecino [84]

Answer:

y-8+8

Step-by-step explanation:

6 0

3 years ago

A professor wishes to discover if seniors skip more classes than freshmen. Suppose he knows that freshmen skip 2% of their class

KIM [24]

Answer:

We conclude that seniors skip more than 2% of their classes at 0.01 level of significance.

Step-by-step explanation:

We are given that a professor wishes to discover if seniors skip more classes than freshmen. Suppose he knows that freshmen skip 2% of their classes.

He randomly samples a group of seniors and out of 2521 classes, the group skipped 77.

<u><em /></u>

<u><em>Let p = percentage of seniors who skip their classes.</em></u>

So, Null Hypothesis, $H_0$ : p $\leq$ 2% {means that seniors skip less than or equal to 2% of their classes}

Alternate Hypothesis, $H_A$ : p > 2% {means that seniors skip more than 2% of their classes}

The test statistics that will be used here is <u>One-sample z proportion</u> <u>statistics</u>;

T.S. = $\frac{\hat p-p}{{\sqrt{\frac{\hat p(1-\hat p)}{n} } } } }$ ~ N(0,1)

where, $\hat p$ = sample proportion of seniors who skipped their classes = $\frac{77}{2521}$

n = sample of classes = 2521

So, <u><em>test statistics</em></u> = $\frac{\frac{77}{2521} -0.02}{{\sqrt{\frac{\frac{77}{2521}(1-\frac{77}{2521})}{2521} } } } }$

= 3.08

The value of the test statistics is 3.08.

Now at 0.01 significance level, <u>the z table gives critical value of 2.3263 for right-tailed test</u>. Since our test statistics is more than the critical value of z as 2.3263 < 3.08, so we have sufficient evidence to reject our null hypothesis as it will fall in the rejection region due to which <u>we reject our null hypothesis</u>.

Therefore, we conclude that seniors skip more than 2% of their classes.

6 0

3 years ago

2) 83,97,85,84,96, 80,80,87,91<br> Mean median and mode

marusya05 [52]

$\text {Hi! Let's Solve this Problem!}$

$\text {Before you find the Mean, Medina and Mode you must put the numbers in order.}$

$\text {Before: 83, 97, 85, 84, 96, 80, 80, 87, 91}\\\text {After: 80, 80, 83, 84, 85, 87, 91, 96, 97}$

$\underline {\text {Mean}}$

$\text {To Find the Mean you must Add all the Numbers then Divide.}$

$\text {Add:}$ $\text 80+80+83+84+85+87+91+96+97=\fbox {783}}$

$\text {Divide:}$ $\text {783/9=}$

$\text {The Mean Is:}$

$\fbox {87}$

$\underline {\text Median}}$

$\text {To find the Median you find the number that's in the middle of the set.}$

$\text {Put your Left Pointer Finger on 83. Put your Right Pointer Finger on 91.}$

$\text {Move your Left Finger to the Right. Move your Right Finger to the Left.}$

$\text {Once your Left Finger makes it to 84 and your Right Finger makes it to 87}$ $\text {it shows that 85 is left in the middle.}$

$\text {The Median Is:}$

$\fbox {85}$

$\underline {\text {Mode}}$

$\text {Finding the Mode means finding the number}$ $\text { that shows the most in the number set given.}$

$\text {Since 80 is the number that is showing more than any other number}$ $\text {this tells us that 80 is our Mode.}$

$\text {The Mode Is:}$

$\fbox {80}$

$\text {Best of Luck!}$

4 0

3 years ago

Which of the following is the solution to the equation x^2-36x=0

Marizza181 [45]

$x^2-36x=0 \\
x(x-36)=0 \\
x=0 \ \lor \ x-36=0 \\
x=0 \ \lor \ x=36 \\
\boxed{x=0 \hbox{ or } x=36}$

7 0

3 years ago

Read 2 more answers

Robert believes that the lengths 8 in, 13 in, and 20 in will form a triangle. Is he correct?

adell [148]

Answer: I think it’s D

Step-by-step explanation:

it’s because 8^2 + 13^2 equals 233 and when square rooted equals 15.26 not 20 so no.

7 0

2 years ago