Contemporary Mathematics For Business & Consumers, Brief Edition, Loose-leaf Version
8th Edition
ISBN: 9781305867192
Author: Robert Brechner, Geroge Bergeman
Publisher: South-Western College Pub
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Chapter 11, Problem 8CR
A shortcut method for calculating approximately how long it takes money to double in value at compound interest is called the Rule of _______. (11-3)
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A marketing professor has surveyed the students at her university to better understand attitudes towards PPT usage for higher education. To be able to make inferences to the entire student body, the sample drawn needs to represent the university’s student population on all key characteristics. The table below shows the five key student demographic variables. The professor found the breakdown of the overall student body in the university’s fact book posted online.
A non-parametric chi-square test was used to test the sample demographics against the population percentages shown in the table above. Review the output for the five chi-square tests on the following pages and answer the five questions:
Based on the chi-square test, which sample variables adequately represent the university’s student population and which ones do not? Support your answer by providing the p-value of the chi-square test and explaining what it means.
Using the results from Question 1, make recommendation for…
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Chapter 11 Solutions
Contemporary Mathematics For Business & Consumers, Brief Edition, Loose-leaf Version
Ch. 11.I - Gail Parker invested $10,000 at 6% interest...Ch. 11.I - Jenny Chao invested $20,000 at 6% interest...Ch. 11.I - Prob. 3TIECh. 11.I - Jill Quinn invested $7,000 in a certificate of...Ch. 11.I - Prob. 5TIECh. 11.I - Prob. 1RECh. 11.I - For the following investments, find the total...Ch. 11.I - For the following investments, find the total...Ch. 11.I - Prob. 4RECh. 11.I - Prob. 5RE
Ch. 11.I - Prob. 6RECh. 11.I - For the following investments, find the total...Ch. 11.I - Prob. 8RECh. 11.I - Prob. 9RECh. 11.I - Manually calculate the compound amount and...Ch. 11.I - Prob. 11RECh. 11.I - Prob. 12RECh. 11.I - Prob. 13RECh. 11.I - Prob. 14RECh. 11.I - Prob. 15RECh. 11.I - Prob. 16RECh. 11.I - Using Table 11-1, calculate the compound amount...Ch. 11.I - Prob. 18RECh. 11.I - Prob. 19RECh. 11.I - The following investments require table factors...Ch. 11.I - Prob. 21RECh. 11.I - Prob. 22RECh. 11.I - Prob. 23RECh. 11.I - Prob. 24RECh. 11.I - Prob. 25RECh. 11.I - For the following investments, compute the amount...Ch. 11.I - For the following investments, compute the amount...Ch. 11.I - Prob. 28RECh. 11.I - Solve the following word problems by using Table...Ch. 11.I - Prob. 30RECh. 11.I - Solve the following word problems by using Table...Ch. 11.I - Solve the following word problems by using Table...Ch. 11.I - Solve the following word problems by using Table...Ch. 11.I - Solve the following word problems by using Table...Ch. 11.I - Prob. 35RECh. 11.I - Solve the following exercises and word problems by...Ch. 11.I - Prob. 37RECh. 11.I - Prob. 38RECh. 11.I - 39. Gabriel Hopen, a 32-year-old commercial...Ch. 11.I - 40. The FernRod Motorcycle Company invested...Ch. 11.II - Prob. 6TIECh. 11.II - Calculate a new table factor and find the present...Ch. 11.II - Prob. 8TIECh. 11.II - For the following investments, calculate the...Ch. 11.II - Prob. 2RECh. 11.II - Prob. 3RECh. 11.II - Prob. 4RECh. 11.II - Prob. 5RECh. 11.II - For the following investments, calculate the...Ch. 11.II - Prob. 7RECh. 11.II - For the following investments, calculate the...Ch. 11.II - Prob. 9RECh. 11.II - Prob. 10RECh. 11.II - Prob. 11RECh. 11.II - The following investments require table factors...Ch. 11.II - The following investments require table factors...Ch. 11.II - Prob. 14RECh. 11.II - The following investments require table factors...Ch. 11.II - Prob. 16RECh. 11.II - Prob. 17RECh. 11.II - Solve the following word problems by using table...Ch. 11.II - Prob. 19RECh. 11.II - Solve the following word problems by using Table...Ch. 11.II - Prob. 21RECh. 11.II - Solve the following word problems by using table...Ch. 11.II - Prob. 23RECh. 11.II - Prob. 24RECh. 11.II - Solve the following exercises and word problems by...Ch. 11.II - Prob. 26RECh. 11.II - 27. Alana and Eva Rodriguez are planning a...Ch. 11.II - 28. Mike Gioulis would like to have $25,000 in 4...Ch. 11.II - You are the finance manager for Olympia...Ch. 11 - 1. Interest calculated solely on the principal is...Ch. 11 - Prob. 2CRCh. 11 - Prob. 3CRCh. 11 - Prob. 4CRCh. 11 - Prob. 5CRCh. 11 - Prob. 6CRCh. 11 - Prob. 7CRCh. 11 - A shortcut method for calculating approximately...Ch. 11 - Prob. 9CRCh. 11 - Prob. 10CRCh. 11 - Prob. 11CRCh. 11 - Prob. 12CRCh. 11 - Prob. 13CRCh. 11 - 14. To use the compound interest formula and the...Ch. 11 - Using Table 11-1, calculate the compound amount...Ch. 11 - Using Table 11-1, calculate the compound amount...Ch. 11 - Using Table 11-1, calculate the compound amount...Ch. 11 - Prob. 4ATCh. 11 - Prob. 5ATCh. 11 - The following investments require table factors...Ch. 11 - Prob. 7ATCh. 11 - For the following investments, compute the amount...Ch. 11 - Prob. 9ATCh. 11 - Prob. 10ATCh. 11 - Calculate the present value (principal) and the...Ch. 11 - Prob. 12ATCh. 11 - Prob. 13ATCh. 11 - Prob. 14ATCh. 11 - Prob. 15ATCh. 11 - Prob. 16ATCh. 11 - Prob. 17ATCh. 11 - Solve the following word problems by using Table...Ch. 11 - Prob. 19ATCh. 11 - Solve the following word problems by using Table...Ch. 11 - Solve the following word problems by using Table...Ch. 11 - Prob. 22ATCh. 11 - Solve the following word problems by using Table...Ch. 11 - Solve the following word problems by using Table...Ch. 11 - Prob. 25ATCh. 11 - Solve the following word problems by using Table...Ch. 11 - Solve the following word problems by using Table...Ch. 11 - Prob. 28ATCh. 11 - Prob. 29ATCh. 11 - Prob. 30ATCh. 11 - Prob. 31ATCh. 11 - Prob. 32ATCh. 11 - Prob. 33ATCh. 11 - Prob. 34ATCh. 11 - Prob. 35ATCh. 11 - Prob. 36ATCh. 11 - Prob. 37ATCh. 11 - Quinn and Julius inherited $50,000 each from their...Ch. 11 - 39. Greg and Verena Sava need $20,000 in 3 years...
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- A marketing professor has surveyed the students at her university to better understand attitudes towards PPT usage for higher education. To be able to make inferences to the entire student body, the sample drawn needs to represent the university’s student population on all key characteristics. The table below shows the five key student demographic variables. The professor found the breakdown of the overall student body in the university’s fact book posted online. A non-parametric chi-square test was used to test the sample demographics against the population percentages shown in the table above. Review the output for the five chi-square tests on the following pages and answer the five questions: Based on the chi-square test, which sample variables adequately represent the university’s student population and which ones do not? Support your answer by providing the p-value of the chi-square test and explaining what it means. Using the results from Question 1, make recommendation for…arrow_forwardQuestion 10 6 5 4 3 2 -π/4 π/4 π/2 -1 -2 -3- -4 -5- -6+ For the graph above, find the function of the form f(x)=a tan(bx)+c where a=-1 or +1 only f(x) = Question Help: Videoarrow_forwardMODELING REAL LIFE Your checking account has a constant balance of $500. Let the function $m$ represent the balance of your savings account after $t$ years. The table shows the total balance of the accounts over time. Year, $t$ Total balance 0 1 2 3 4 5 $2500 $2540 $2580.80 $2622.42 $2664.86 $2708.16 a. Write a function $B$ that represents the total balance after $t$ years. Round values to the nearest hundredth, if necessary. $B\left(t\right)=$ Question 2 b. Find $B\left(8\right)$ . About $ a Question 3 Interpret $B\left(8\right)$ . b represents the total balance checking and saving accounts after 8 years the balance would be 16 / 10000 Word Limit16 words written of 10000 allowed Question 4 c. Compare the savings account to the account, You deposit $9000 in a savings account that earns 3.6% annual interest compounded monthly. A = 11998.70 SINCE 9000 is the principal ( 1+0.036/12)12 times 8 gives me aproxtimately 1997 14 / 10000 Word Limit14 words written of 10000 allowed Skip to…arrow_forward
- Listen MODELING REAL LIFE Your checking account has a constant balance of $500. Let the function m represent the balance of your savings account after t years. The table shows the total balance of the accounts over time. Year, t Total balance 0 $2500 1 $2540 2 $2580.80 3 $2622.42 4 $2664.86 5 $2708.16 a. Write a function B that represents the total balance after t years. Round values to the nearest hundredth, if necessary. B(t) = 500 + 2000(1.02)* b. Find B(8). About $2843.32 Interpret B(8). B I U E T² T₂ c. Compare the savings account to the account, You deposit $9000 in a savings account that earns 3.6% annual interest compounded monthly. B I U E E T² T₂ A = 11998.70 SINCE 9000 is the principal (1+0.036/12)12 times 8 gives me aproxtimately 1997arrow_forward14. Show that if a, b, and c are integers such that (a, b) = 1 and c | (a+b), then (c, a) = (c, b) = 1.arrow_forwardA retail chain is interested in determining whether a digital video point-of-purchase (POP) display would stimulate higher sales for a brand advertised compared to the standard cardboard point-of-purchase display. To test this, a one-shot static group design experiment was conducted over a four-week period in 100 different stores. Fifty stores were randomly assigned to the control treatment (standard display) and the other 50 stores were randomly assigned to the experimental treatment (digital display). Compare the sales of the control group (standard POP) to the experimental group (digital POP). What were the average sales for the standard POP display (control group)? What were the sales for the digital display (experimental group)? What is the (mean) difference in sales between the experimental group and control group? List the null hypothesis being tested. Do you reject or retain the null hypothesis based on the results of the independent t-test? Was the difference between the…arrow_forward
- Using fixed point iteration and Newton Raphson methods to solve the following function: f(x) = e−0.5x(4-x)-2. Take xo-2 and n=5.arrow_forwardUse the information to find and compare Δy and dy. (Round your answers to four decimal places.) y = x4 + 7 x = −3 Δx = dx = 0.01 Δy = dy =arrow_forwardWhat were the average sales for the four weeks prior to the experiment? What were the sales during the four weeks when the stores used the digital display? What is the mean difference in sales between the experimental and regular POP time periods? State the null hypothesis being tested by the paired sample t-test. Do you reject or retain the null hypothesis? At a 95% significance level, was the difference significant? Explain why or why not using the results from the paired sample t-test. Should the manager of the retail chain install new digital displays in each store? Justify your answer.arrow_forward
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