A publisher reports that 40% of their readers own a particular make of car. A marketing executive wants to test the claim that the percentage is actually different from the reported percentage. A random sample of 200 found that 31% of the readers owned a particular make of car. Determine the P-value of the test statistic. Round your answer to four decimal places.

Step-by-step explanation:

Given

--- proportion of population

-- samples

-- proportion of samples

Required

Determine the p value

First, calculate the standard deviation ()

Next, we calculate the z score

From the z table, the p value of is: 0.9953

Hence:

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.

answer: i wpould go with c

step-by-step explanation: