Answer:
The probability that no more than 70% would prefer to start their own business is 0.1423.
Step-by-step explanation:
We are given that a Gallup survey indicated that 72% of 18- to 29-year-olds, if given choice, would prefer to start their own business rather than work for someone else.
Let 
= <u><em>sample proportion of people who prefer to start their own business</em></u>
The z-score probability distribution for the sample proportion is given by;
Z = 
~ N(0,1)
where, p = population proportion who would prefer to start their own business = 72%
n = sample of 18-29 year-olds = 600
Now, the probability that no more than 70% would prefer to start their own business is given by = P( 
70%)
P( 70%) = P( 
) = P(Z -1.07) = 1 - P(Z < 1.07)
= 1 - 0.8577 = <u>0.1423</u>
The above probability is calculated by looking at the value of x = 1.07 in the z table which has an area of 0.8577.
Answer:
$2,589.52
Step-by-step explanation:
We start with the compound interest formula above, where
A = future value
P = principal amount invested
r = annual rate of interest written as a decimal
n = number of times interest is compound per year
t = number of years
For this problem, we have
P = 2000
r = 0.026
n = 2
t = 10,
and we find A.
For me personally, the easiest way to do this is by isolating the x² term, and finding the square root of both sides. The hardest way (well actually, the longest way) would be to use the quadratic formula. It just complicates things unnecessarily.
Answer:
Mean= 4
Median= 3
Step-by-step explanation:
Mean
add all the numbers together (24)
and divide them by the number of numbers (6)
gives you 4
Median
put them in order from least to greatest
2,2,2,4,7,7
2,2 2,4 7,7
it leaves you between 2 and 4
which the middle is 3
so there
Answer:
$120
Step-by-step explanation:
150-20%
For some reason it says that my response has to be 20 characters long that's why I'm typing this.
