A little more info please?
Answer:
$300
Step-by-step explanation:
Given that:
Derek bought a new car for $32,000;
The original amount of purchase = $32,000
Down payment = $17,000
Remaining amount = Original amount of purchase - Down payment
= $(32000 -17000)
= $ 15,000
Also;
rate of interest per month is 2%
and the Derek is unable to pay his first monthly payment
thus the interest amount is calculated on principal amount
so for the first month interest is calculated on total principal amount
The month interest payment is then calculated as :
= 15,000 × 2%
= 15,000 × 0.02
= $300
The last selection should be your answer
Answer:
a) Null hypothesis:
Alternative hypothesis:
b)
(1)
Replacing we got:
The p value for this case would be given by:
c) For this case we see that the p value is higher than the significance level of 0.05 so then we have enough evidence to FAIL to reject the null hypothesis and we can't conclude that the true proportion workers belonged to unions is significantly higher than 11.3%
Step-by-step explanation:
Information given
n=400 represent the random sample taken
X=52 represent the workers belonged to unions
estimated proportion of workers belonged to unions
is the value that we want to test
represent the significance level
Confidence=95% or 0.95
z would represent the statistic
represent the p value
Part a
We want to test if the true proportion of interest is higher than 0.113 so then the system of hypothesis are.:
Null hypothesis:
Alternative hypothesis:
Part b
The statistic is given by:
(1)
Replacing we got:
The p value for this case would be given by:
Part c
For this case we see that the p value is higher than the significance level of 0.05 so then we have enough evidence to FAIL to reject the null hypothesis and we can't conclude that the true proportion workers belonged to unions is significantly higher than 11.3%
<span>With the mean of 40k and standard deviation of 5k, we need to find P(x>=30k). P((30k-40k)/5k) = P(z<-2) = 1-0.0228 which is equal to 0.9772. There is a 97.72% chances that the starting salary will be at least 30k.</span>