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STALIN [3.7K]
2 years ago
13

Which of the following would earn the same amount of interest as a $600 principal with 2.5%

Mathematics
1 answer:
sveta [45]2 years ago
4 0

Answer:$225 at 10% for 4 years and $80 at 75% for 18 months

Step-by-step explanation:

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3 years ago
Health insurance benefits vary by the size of the company. The sample data below show the number of companies providing health i
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Step-by-step explanation:

a. The hypothesis of testing are

Null Hypothesis, H0: The health insurance coverage is independent of the size of the company.

Alternative hypothesis, H1: The health insurance coverage is not independent of the size of the company

The test statistics is calculated as

X² =  <u>∑(Ei - Oi)²</u>  ≅X²(r-1)(c-1)

        i      Ei

where Oi's are the observed values and Ei's are the expected values,

E= <u>row total × column total</u>

            total

The expected values are

        Sizeof the Company  

Health Insurance    Small   Medium Large Total

Yes                             42     63          84           189

No                              8             12          16           36

Total                      50    75                  100           225

Therefore, the test statistics is

X² =∑ (<u>Ei -Oi)² </u>=6.94 ≅  x²₂

      i       Ei

The critical value is found to be 5.99. Since test statistics > critical value, we reject H0 and conclude that the health insurance coverage is not independent of the size of the company.

The associated p-value is 0.031 (<0.05).

b. Percentage of employees lacking health insurance coverage is

Small 14/50 x 100 = 28%

Medium 10/75 x 100 = 13%

Large 12/100 x 100 = 12%

Hence depending on the above percentage, we can support the claim that the employees of small companies are more likely to lack health insurance coverage.

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