The nationwide percentage of Americans who invest in the stock market is usually taken to be 55%. Is this percentage different in the state of Ohio? A random sample of 750 Ohio residents were sampled and asked whether they invest in the stock market. 57.3% (or 0.573 as a decimal) responded that they do invest in the stock market. Here, the parameter of interest is p, the proportion of Ohioans who invest in the stock market, and we are testing H0: p = 0.55 versus the alternative Ha: p ≠ 0.55. What is the p-value for this two-tailed test?
Less than 0.05
Between 0.05 and 0.10
Between 0.10 and 0.25
Between 0.25 and 0.50
Greater than 0.50
The nationwide percentage of Americans who invest in the stock market is usually taken to be...
The nationwide percentage of Americans who invest in the stock market is usually taken to be 55%. Is this percentage differentin the state of Ohio? A random sample of 200 Ohio residents were sampled and asked whether they invest in the stock market. 57.3% (or 0.573 as a decimal) responded that they do invest in the stock market. Here, the parameter of interest is , the proportion of Ohioans who invest in the stock market, and we are testing H0: = 0.55...
Billy Thornton borrowed $20,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses a 360-day year. How much interest would Billy have to pay in a 30-day month? a. $139.88 b. $133.22 c. $120.83 d. $126.88 e. $146.87 1 points QUESTION 9 Suppose you borrowed $14,000 at a rate of 10.0% and must repay it in 5 equal installments at the end of each of the next 5 years. How...