Answer:
a) About 12%
Step-by-step explanation:
We need to find the interest rate required to achieve her goal, so we will need to use the interest-compound formula:
Where:
PV= Present Value
i= interest rate
FV= Future Value
n= number of periods
replacing the data provided:
solving for i:
first, divide both sides by 50.000 to simplify the equation:
Take roots of both sides:
±
solve for i:
±
We get two answers, but we look for a coherent value. So we take the positive one:
≈12
Answer:
There is enough evidence to support the claim that the true proportion of monitors with dead pixels is greater than 5%.
Step-by-step explanation:
We are given the following in the question:
Sample size, n = 300
p = 5% = 0.05
Alpha, α = 0.05
Number of dead pixels , x = 24
First, we design the null and the alternate hypothesis
This is a one-tailed(right) test.
Formula:
Putting the values, we get,
Now, we calculate the p-value from excel.
P-value = 0.00856
Since the p-value is smaller than the significance level, we fail to accept the null hypothesis and reject it. We accept the alternate hypothesis.
Conclusion:
Thus, there is enough evidence to support the claim that the true proportion of monitors with dead pixels is greater than 5%.