In recent years, the interest rates on home mortgages have declined to less than 6%. However, a
recent study shows that the rate charged on credit card debt is more than 14%. A sample of 10 credit
cards showed that the mean rate charged is 15.64% with a standard deviation of 1.561%. At 1% level
of significance, is it reasonable to conclude the mean rate charged is greater than 14%?

Answers

Answer 1

Answer:

Yes it is reasonable to conclude the mean rate charged is greater than 14%

Step-by-step explanation:

From the question we are told that

    The  population mean is  [tex]\mu = 0.14[/tex]

    The sample size is  [tex]n = 10[/tex]

    The  sample mean is  [tex]\= x = 0.1564[/tex]

     The  standard deviation is  [tex]\sigma = 0.01561[/tex]

     The level of significance is  [tex]\alpha = 0.01[/tex]

The null hypothesis is    [tex]H_o: \mu = 0.14[/tex]

The  alternative hypothesis is  [tex]H_a : \mu > 0.14[/tex]

 Generally the test statistic is mathematically represented as

              [tex]t = \frac{ \= x - \mu }{ \frac{\sigma }{\sqrt{n} } }[/tex]

substituting values

              [tex]t = \frac{ 0.1564 - 0.14 }{ \frac{0.01561 }{\sqrt{10} } }[/tex]

              [tex]t = 3.322[/tex]

Now the p-value obtained from the z-table is

        [tex]p-value = P(t > 3.322) = 0.00044687[/tex]

Since the [tex]p-value < \alpha[/tex] then we reject the null hypothesis, hence we can conclude that  the mean rate charged is greater than 14%

 


Related Questions


If (a, b, c) is a solution to the system of equations above, what is the value of c?
•-26
•-6
•6
•It cannot be determined from the information given

Answers

Answer:

Option (3)

Step-by-step explanation:

The given system of the equations is,

-2x + 4y - 3z = 10 ------(1)

x - 2y + z = 8 -------(2)

If the system of equations has the solution as (a, b, c),

Which shows,

x = a, y = b and z = c

Multiply equation (2) by 2 and add it to equation (1),

2(x - 2y + z) + -2x + 4y - 3z = 10 - 16

2x - 2x - 4y + 4y + 2z - 3z = 10 - 16

-z = -6

z = 6

Therefore, z = c = 6 will be the answer.

Option (3) will be the correct option.

Please Solve
F/Z=T for Z

Answers

Answer:

F /T = Z

Step-by-step explanation:

F/Z=T

Multiply each side by Z

F/Z *Z=T*Z

F = ZT

Divide each side by T

F /T = ZT/T

F /T = Z

Answer:

[tex]\boxed{\red{ z = \frac{f}{t} }}[/tex]

Step-by-step explanation:

[tex] \frac{f}{z} = t \\ \frac{f}{z} = \frac{t}{1} \\ zt = f \\ \frac{zt}{t} = \frac{f}{t} \\ z = \frac{f}{t} [/tex]

Paisley is playing with a yo-yo. The following graph traces the path of the yo-yo while it is in the air, where y is the height of the yo-yo above the
ground, and x is the time, in seconds, from when the yo-yo leaves Paisley's hand Five stages of the yo-yo's path are marked on the graph.
Which of the five stages shows the slowest rate of change in the yo-yo's height above the ground?
А
В
C
D​

Answers

Answer:

C

Step-by-step explanation:

From the graph we can notice that the yo-yo crosses five positions: A,B,C,D and E.

The path created by the yo-yo has a parabolic form.

● In the area C, the yoyo crosses the vertex in wich the rate of change equals 0.

●In A the parabola decreases dramatically

● In B, the parabola is decreasing but slower than A.

● In D, the parabola is increasing in a fast way

● In E, the parabola is increasing faster than D.

● In the first half of C, the parabola is decreasing slower than B and A.

● At the vertex, the parabola has a null rate of change.

● In the second half of C, the parabola is increasing but slower than D and E.

So we deduce that C has the slowest rate of change.

Answer:

The answer is C i took the test

Step-by-step explanation:

Of every 300 magic cakes Farah makes, 90 are chocolate, what percentage of chocolate cakes Farah makes?

De cada 300 pasteles mágicos que hace Farah, 90 son de chocolate, ¿qué porcentaje de pasteles de chocolate hace Farah?

Answers

Answer:

Total magic cakes =300

chocolate cakes =90

so if you want the percentage of chocolate you will divide the number of chocolate cakes over the total number of chocolates

% of chocolate cakes = 90/300×100%

=30%

Solve the equation for y. Identify the slope and y-intercept. Then graph the equation.

-3y=3x-9

Y=
M=
B=

Answers

The answer is y=-x+3
Therefore the slope is -1
The y intercept is 3

Simplify your answer as much as possible

Answers

You said    - 1/3 - 3/5 x  =  1/2

Multiply each side by 3 :

- 1 - 9/5 x  =  3/2

Multiply each side by 5 :

- 5 - 9x  =  15/2

Multiply each side by 2 :

- 10 - 18x = 15

Add 10 to each side :

- 18x  =  25

Divide each side by -18 :

x = - 25/18

or  x = - 1 and 7/18 (same thing)

Pls help me I promise I’ll mark u brainleiest if I type in the fastest answer

Answers

Answer:

1. $-50

2. $25

Step-by-step explanation:

1. If she had $150 in her bank account and bought a bike for $200, then that means she spent all of her money PLUS $50 extra then what she had.  That means $200-$150=$50.  Her $150 is spent and that $50 becomes negative because she paid $200 when she only had $150.

2.  If she deposits $75 in her account then it will be $75+(-50).  That translates to $75-$50 which is $25.  

+ and - = -

+ and + = +

- and - = +

Answer:

1. $-50

2. $25

Step-by-step explanation:

1.

We know that Clare originally had $150 in her account. She then buys a bike, which means she must have taken money out of her account for this purchase.

Since she spent $200, we need to subtract 200 from 150:

150 - 200 = -50

So, her account balance is $-50.

2.

Clare earns $75 later, which means she's receiving the money and can add it back into her account. Her current balance is -50, so we add 75 to -50:

-50 + 75 = $25

Thus, her account balance is now $25.

~ an aesthetics lover

Can your help me please?

Answers

Answer:

(-5, 0) and (0,4)

Step-by-step explanation:

Given equation: -4x + 5y = 20

Sub. in the values

When x = -5 and y = 0 (-5,0),

[tex] - 4( - 5) + 5(0) = 20 [/tex]

When x = 0 and y = 4 (0,4),

[tex] - 4(0) + 5(4) = 20[/tex]

That's how I would do it, not sure if your school has another method. Hope this helps :)

Answer: x = -5 and y = 4

Step-by-step explanation: its the first option do you need me to exlain how cuz its multiple choice  

write a letter to your friend in Ghana stating your experience in your presentation school in nigeria​

Answers

Answer:

hi Ghana how are you doing I am fine here. I really miss u and my friends in the old.U know what in Nigeria this school is really awesome and fantastic we have a swimming pool here and we can go to trip and we can have many things here I really loved this school.

at starting I was not have any friends and know I have many friends. But I really miss u this is what about our . Come to my house I can show you my school it is very near to my house .

Ur friend

writ ur name

Find the area of the shape shown below.
3.5
2
2

Answers

Answer:

26.75 units²

Step-by-step explanation:

Cube Area: A = l²

Triangle Area: A = 1/2bh

Step 1: Find area of biggest triangle

A = 1/2(3.5)(2 + 2 + 5)

A = 1.75(9)

A = 15.75

Step 2: Find area of 2nd biggest triangle

A = 1/2(5)(2)

A = 1/2(10)

A = 5

Step 3: Find area of smallest triangle

A = 1/2(2)(2)

A = 1/2(4)

A = 2

Step 4: Find area of cube

A = 2²

A = 4

Step 5: Add all the values together

A = 15.75 + 5 + 2 + 4

A = 20.75 + 2 + 4

A = 22.75 + 4

A = 26.75

Which of the following describes a situation in which the total distance a ball travels is zero meters from its starting point? (5 points)
a
b
The ball first bounces up to a height of 4 meters, and then falls 2 meters towards the ground.
The ball first bounces up to a height of 2 meters, and then falls 2 meters towards the ground.
The ball first bounces up to a height of 2 meters, and then falls 4 meters towards the ground.
The ball first bounces up to a height of 4 meters, and then falls 0 meters towards the ground.
С
d

Answers

Answer:

The ball first bounces up to a height of 2 meters, and then falls 2 meters towards the ground

Step-by-step explanation:

HELP ASAP PLEASE!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

Option (B)

Step-by-step explanation:

The given expression is,

[tex]\sqrt{22x^6}\div\sqrt{11x^4}[/tex]

We can rewrite this expression as,

[tex]\frac{\sqrt{22x^6}}{\sqrt{11x^4} }[/tex]

Solving it further,

[tex]\frac{\sqrt{22x^6}}{\sqrt{11x^4} }=\frac{\sqrt{22(x^3)^2} }{\sqrt{11(x^2)^2} }[/tex] [Since [tex]x^3\times x^3=x^6[/tex] and [tex]x^{2}\times x^{2}=x^4[/tex]]

         [tex]=\sqrt{\frac{22(x^3)^2}{11(x^2)^2} }[/tex] [Since [tex]\frac{\sqrt{a} }{\sqrt{b} }=\sqrt{\frac{a}{b} }[/tex]]

         [tex]=\frac{x^3}{x^2}\sqrt{\frac{22}{11} }[/tex]

         [tex]=x\sqrt{2}[/tex]

Therefore, quotient will be x√2.

Option (B) will be the correct option.

c. What is f (-5)?
When the function is f(x) =-3x+7

Answers

Answer:

f(-5) = 22

Step-by-step explanation:

f(x) =-3x+7

Let x = -5

f(-5) =-3*-5+7

      = 15 +7

       =22

28. A boy decided to cut 10 pieces of wood from a length of wood so tha the first piece was 5cm the second 10cm, the third 15cm, the fourth 20cm and so on until he had cut TO pieces, each one 5cm longer than the one he had cut before. What length of the wood did he use? (a) 50cm (b) 55cm (c) 70cm (d) 200cm (e) 275cm​

Answers

Step-by-step explanation:

he use 50cm length of the wood

How long will it take for a sum of 500$ attracting simple interest

Answers

T=(interest *100)/500*rate

Hi! quick question, whats the equation for this?
The sum of the angle measures of the polygon is 540°. Write and solve an equation to find the value of x.

Answers

[tex]\\ \sf\longmapsto 4x+4x+5x-7+5x+2+96=540[/tex]

[tex]\\ \sf\longmapsto 4x+4x+5x+5x-7+2+96=540[/tex]

[tex]\\ \sf\longmapsto 8x+10x-5+96=540[/tex]

[tex]\\ \sf\longmapsto 18x+91=540[/tex]

[tex]\\ \sf\longmapsto 18x=540-91=449[/tex]

[tex]\\ \sf\longmapsto x=\dfrac{449}{18}[/tex]

[tex]\\ \sf\longmapsto x\approx2.4[/tex]

Answer:

x=25

Step-by-step explanation:

4x+5x-8+96+5x+2+4x=540

18x+90=540

18x=540-90=450

x=450/18=25

Name the number that is
represented by the letter Y.
Y
Z
WVX
+
-10 -5
+
5
0
10

Answers

Answer:

y is 8 if you count towards the right side of the screen you will figure out that y is 8 followed by 9 leading you to 10, therefore x is 11.

I hope this helps

Should I read Fruit's Basket? I need something to keep me busy.

Answers

Answer: Yes

Explanation: Yes because, sometimes you need to do stuff to get things of your head

Solve Logarithm 5(2^x+4)=15. Round to the nearest thousandth. A.1.089 B.2.415 C.0.657 D.3.982

Answers

[tex]5(2^x+4)=15\\2^x+4=3\\2^x=-1\\x\in\emptyset[/tex]

Answer:

no solutions

Step-by-step explanation:

5(2^x+4)=15

Divide each side by 5

5/5(2^x+4)=15/5

(2^x+4)=3

Subtract 4 from each side

2^x = 3-4

2^x = -1

This cannot happen so there are no solutions

At what points do these graphs intersect
y=x²-x-6
y=x+2

Answers

Answer:

Solve algebraically

Eliminate y:

x² - x - 6 = x + 2x² - 2x = 8x² - 2x + 1 = 9(x - 1)² = 3²1)  x - 1 = 3 ⇒ x = 4 ⇒ y = 62) x - 1 = -3 ⇒ x = -2 ⇒ y = 0

The solution is:

(-2, 0), (4, 6)Solve graphically

See the attached

Answer:

[tex]thank \: you[/tex]

Which of the following is not a characteristic of the F distribution? Multiple Choice It is always right-skewed. It describes the ratio of two variances. It is a family based on two sets of degrees of freedom. It is negative when s12 is smaller than s22.

Answers

Answer:

It is negative when s12 is smaller than s22.

Step-by-step explanation:

The F distribution has the following properties.

1)  It is always right-skewed.  but as the degrees of freedom v1 and v2 become large F distribution approaches normal distribution.

2) It describes the ratio of two variances.

3) It is a family based on two sets of degrees of freedom.

4) It is negative when s12 is smaller than s22. This is not  true sometimes as the F distribution does not depend on the population variance but on the two parameters v1 and v2.

Which expression is not a polynomial

Answers

Answer:

the last option [tex]x^{3}[/tex] + 1 / x

Step-by-step explanation:

first option's x has the power 3

second option's x has the power 1

third option's x has the power 1

but in the last option it has the power -1

polynomials doesn't support negative power

*remember

Using the graph as your guide, complete the following statement.
The discriminant of the function is ___
A. positive
B. zero
C. negative

Answers

negative gujgdddgnhhhffvvjjjhg

can you help me with this homework please?​

Answers

Answer:

hey I was wondering if you still needed help?

Carmen Abdul and David sent a total of 78 text messages over their cell phones during the weekend . Abdul sent 10 fewer messages then Carmen . David sent two times as many messages as Abdul how many messages did they each send?

Answers

Answer:

Carmen:27

Abdul:17

David=34

Step-by-step explanation:

Carmen+Abdul+David = 78

Carmen-Abdul=10

David=2Abdul

Carmen=Abdul+10

Carmen+Abdul+David = Abdul+10+Abdul+2Abdul=78

4Abdul=68

Abdul = 68/4=17

Carmen = 17+10=27

David = 2 * 17 = 34

27+17+34=78

One angle of a triangle measures 108°. The other two angles are congruent.
Enter and solve an equation to find the measure x of the congruent angles.

Answers

Congruent means the same. So (180-108)/2 equals to 36.

A patio 20 feet wide has a slanted roof, as shown in the figure. Find the length of the roof if there is an 8-inch overhang. Show all work and round the answer to the nearest foot. Be sure to label your answer appropriately. Then write a sentence explaining your answer in the context of the problem.

Answers

Answer:

[tex]Slanted\ Roof = 20.77\ ft[/tex]

Step-by-step explanation:

The question has missing attachment (See attachment 1 for complete figure)

Given

Width, W = 20ft

Let the taller height be represented with H and the shorter height with h

H = 10ft

h = 8ft

Overhang = 8 inch

Required

Determine the length of the slanted roof

FIrst, we have to determine the distance between the tip of the roof and the shorter height;

Represent this with

This is calculated by

[tex]D = H - h[/tex]

Substitute 10 for H and 8 for h

[tex]D = 10 - 8[/tex]

[tex]D = 2ft[/tex]

Next, is to calculate the length of the slant height before the overhang;

See Attachment 2

Distance L can be calculated using Pythagoras theorem

[tex]L^2 = 2^2 + 20^2[/tex]

[tex]L^2 = 4 + 400[/tex]

[tex]L^2 = 404[/tex]

Take Square root of both sides

[tex]\sqrt{L^2} = \sqrt{404}[/tex]

[tex]L = \sqrt{404}[/tex]

[tex]L = 20.0997512422[/tex]

[tex]L = 20.10\ ft[/tex] -------Approximated

The full length of the slanted roof is the sum of L (calculated above) and the overhang

[tex]Slanted\ Roof = L + 8\ inch[/tex]

Substitute 20.10 ft for L

[tex]Slanted\ Roof = 20.10\ ft + 8\ inch[/tex]

Convert inch to feet to get the slanted roof in feet

[tex]Slanted\ Roof = 20.1\ ft + 8/12\ ft[/tex]

[tex]Slanted\ Roof = 20.10\ ft + 0.67\ ft[/tex]

[tex]Slanted\ Roof = 20.77\ ft[/tex]

Hence, the total length of the slanted roof in feet is approximately 20.77 feet

Kent Co. manufactures a product that sells for $60.00. Fixed costs are $285,000 and variable costs are $35.00 per unit. Kent can buy a new production machine that will increase fixed costs by $15,900 per year, but will decrease variable costs by $4.50 per unit. What effect would the purchase of the new machine have on Kent's break-even point in units?

Answers

0riginal break even point:

285000/ 60/35 = $166,250

New break even point = new fixed costs / ( selling price - variable cost/ selling price)

New break even point = 285,000 + 15,900. / ( 60-( 35-4.50)/60

300,900 / 60-30.50/60 = $612,000

The new break even point increases.

An Internet service provider is implementing a new program based on the number of connected devices in each household currently,customers are charged a flat rate of $175 per month.the new plan would charge a flat rate of $94 plus an additional $4.50 per device connected to the network.find the number of devices,x,for which the cost of the new plan is less than the cost of the current plan.

Answers

Answer:

(x=6) is less than 18 which would give you the cost of the current plan

Step-by-step explanation:

If you take six, first you must multiply 4.50 by 6, ($27) then add it, to $94, giving you $121. Now we have to find which phone will give us the same cost, for this I choose 18. if you do 18 x 4.50, you get $81, and if you add this to 94, it gives you 175.

Find the inequality represented by the graph.

Answers

9514 1404 393

Answer:

  y < 3x -4

Step-by-step explanation:

The boundary line has a slope (rise/run) of 3/1 = 3. It has a y-intercept of -4. The shaded area is below the line and the solution does not include the line. The relevant inequality can be written ...

  y < 3x -4

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