PLEASE HELP FAST!!!! IT IS URGENT!!!! The distribution of professional baseball player salaries has a mean of $3.2 million. An analyst believes that the mean salary for teams on the East Coast is different. The analyst randomly selects 30 baseball players from teams on the East Coast and records their annual salaries. The mean salary for the players in the sample is $3.9 million with a standard deviation of $2.1 million. Do the data provide convincing evidence at the level that the mean salary for the baseball players on the East Coast is different from $3.2 million? What hypotheses should the analyst use to conduct a significance test?
Answers
The hypothesis tested are given as follows:
[tex]H_0: \mu = 3.2, H_a: \mu \neq 3.2[/tex]
What are the null and alternative hypothesis?The claim for this problem is given as follows:
"The mean salary for the baseball players on the East Coast is different from $3.2 million".
At the null hypothesis, we test if the claim is false, that is, if the mean salary is equals to 3.2 million, hence:
[tex]H_0: \mu = 3.2[/tex]
At the alternative hypothesis, we test if the claim is true, that is, if the mean salary is different of 3.2 million, hence:
[tex]H_a: \mu \neq 3.2[/tex]
The [tex]\mu[/tex] symbol, without the bar, is used, as we are testing for the population mean, not sample mean, hence the first option is the correct option.
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Related Questions
i need help with this problem lol
Answers
Answer:15
Step-by-step explanation:
We know this figure's all angles sum is equal to 180*(n-2)=180*3=540
so,
112+7x+5+6x+2+10x-8+4x+24=540
27x+135=540
27x=405
x=15
IV. Long Answer and Analysis (20 points) Do a simple Price Elasticity of Demand Calculation: ; A. If an original price was $5.00 and the amount bought (purchased) was an amount of 50 units (say of good like McDonalds Big Macs). What is the Revenue the producer receives at this point: $________ B. Now the price is lowered to $4.00 and now 200 Big Macs are purchased. What is the new revenue at this point: has it gone up or down?
C. using the formula for Price elasticity of Demand, calculate the actual fraction value of the change In price
Answers
If the quantity of big macs demanded falls from 2.0 million to 1.6 million as the price of whoppers falls from $1.40 to $.80, the cross-price elasticity of demand for big macs is 0.4.
What is cross-price elasticity?Cross-price elasticity quantifies how responsive a product's demand is to changes in a related product price. Some products on the market frequently have connections to one another.
This could imply that the demand for a product can be favourably or negatively impacted by a product's price change. The cross elasticity of demand, also known as the cross-price elasticity of demand, in economics quantifies the relationship between the percentage change in the quantity of a commodity sought and the percentage change in the price of another good, ceteris paribus. The cost of milk is one such example. People might switch to 2% milk if full milk prices rise. Similar to how whole milk gets more popular as 2% milk prices go up.
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22\5= how many /10?
44
22
11
Or
10
Answers
Answer:
the correct answer is 44
Step-by-step explanation:
22/5 = 4.4
44/ 10 = 4.4
g consider the following sets of vectors. show that each set (i) contains the zero vector, (ii) is closed under addition and scalar multiplication. then find a basis for each set and give the dimension.
Answers
(i) A basis for the set is {(2, 3, 4), (3, -2, 1)} and the dimension is 2.
(ii) A basis for the set is {(1, 1, 1, 1), (2, 0, 0, -1)} and the dimension is 2.
(i) {(2, 3, 4), (3, -2, 1)}
(i) The set contains the zero vector (0, 0, 0). It is closed under addition because for any two vectors in the set, the sum of the two vectors is also in the set. It is closed under scalar multiplication because for any vector in the set and any scalar, the scalar multiplied by the vector is also in the set.
A basis for the set is {(2, 3, 4), (3, -2, 1)} and the dimension is 2.
(ii) {(1, 1, 1, 1), (2, 0, 0, -1)}
(ii) The set contains the zero vector (0, 0, 0, 0). It is closed under addition because for any two vectors in the set, the sum of the two vectors is also in the set. It is closed under scalar multiplication because for any vector in the set and any scalar, the scalar multiplied by the vector is also in the set.
A basis for the set is {(1, 1, 1, 1), (2, 0, 0, -1)} and the dimension is 2.
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The complete question is:
Consider the following sets of vectors. show that each set (i) contains the zero vector, (ii) is closed under addition and scalar multiplication. then find a basis for each set and give the dimension.
(i) {(2, 3, 4), (3, -2, 1)}
(ii) {(1, 1, 1, 1), (2, 0, 0, -1)}
Let us now consider the Schrödinger Equation for an electron confined to a two dimensional box, 0
and 0
. That is to say, within this rectangle the electron wavefunction behaves as a free particle ( V(x,y)=0
), but the walls are impenetrable so the wavefunction ψ(x,y,t)=0
at the walls.
3.11.1.svg
Figure 1
: A particle in a a×b
2-dimensional box with infinite height can only be found within the box (highlighted). (CC BY-NC; Ümit Kaya)
Extending the (time-independent) Schrödinger equation for a one-dimensional system
−ℏ22md2ψ(x)d x2+V(x)ψ(x)=Eψ(x)(1)
to a two-dimensional system is not difficult
−ℏ22m(∂2ψ(x,y)∂x2+∂2ψ(x,y)∂y2)+V(x,y)ψ(x,y)=Eψ(x,y).(2)
Equation 2
can be simplified for the particle in a 2D box since we know that V(x,y)=0
within the box and V(x,y)=[infinity]
outside the box, ii.e.
V(x,y)=⎧⎩⎨0[infinity][infinity]0≤x≤aand0≤y≤bx<0andx>ay<0andy>b
So Equation 2
becomes
−ℏ22m(∂2ψ(x,y)∂x2+∂2ψ(x,y)∂y2)=Eψ(x,y).(3)
Since the Hamiltonian (i.e. left side of Equation 3
) is the sum of two terms with independent (separate) variables, we try a product wavefunction like in the Separation of Variables approach used to separate time-dependence from the spatial dependence previously. Within this approach we express the 2-D wavefunction as a product of two independent 1-D components
ψ(x,y)=X(x)Y(y).(4)
This ansatz separates Equation 3
into two independent one-dimensional Schrödinger equations
−ℏ22m(d2X(x)dx2)=εxX(x).(5)
−ℏ22m(d2Y(y)dy2)=εyY(y).(6)
where the total energy of the particle is the sum of the energies from each one-dimensional Schrödinger equation
E=εx+εy(7)
The differential equations in Equations 5
and 6
are familiar as they were found for the particle in a 1-D box previously. They have the general solution
X(x)=Axsin(kxx)+Bxcos(kxx)(8)
Y(y)=Aysin(kyy)+Bycos(kyy)(9)
Answers
For a particle in a 2D box with impenetrable walls, the time-independent Schrödinger equation can be simplified to equation 3, which is a separable differential equation.
Using the Separation of Variables approach, the 2D wavefunction can be expressed as the product of two independent 1D components, given by equation 4.
The resulting differential equations in equations 5 and 6 have the same form as those found for the particle in a 1D box and their solutions are given by equations 8 and 9. The total energy of the particle is given by equation 7.
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The tension T at each end of a chain has magnitude 25 N (see the figure). What is the weight of the chain?
Answers
As per the tension the weight of the chain is 2.55 kg
The tension is the force exerted by a rope, cable, or chain on an object to which it is attached.
To solve this problem, we need to understand the relationship between tension and weight. The weight of an object is the force with which it is attracted towards the earth due to gravity.
Using the given magnitude of tension (25 N) for each end, we can rewrite this equation as:
25 N - 25 N = Weight of the section
Simplifying this, we get:
Weight of the section = 0 N
This means that the weight of a small section of the chain is negligible compared to the tension at each end. However, if we consider the entire length of the chain, the weight cannot be ignored.
To calculate the weight of the chain, we need to find its mass. We can do this using the formula:
Mass = (weight of the chain) / (gravitational acceleration)
We know that the tension at each end of the chain has a magnitude of 25 N. Since the chain is in equilibrium, the net force on the chain must be zero. This means that the weight of the chain must be equal to the tension at each end.
Therefore, we can write:
Weight of the chain = 25 N
Now we can use the formula for mass:
Mass = (25 N) / (9.8 m/s²)
Using a calculator, we get:
Mass = 2.55 kg
This confirms that the weight of the chain is indeed equal to the tension at each end, as expected.
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Complete Question:
The tension T at each end of the chain has magnitude 25 N (see the figure). What is the weight of the chain?
Evaluate the following expression by drawing the unit circle and the appropriate right triangle. The angle is in radians.
cos(5π/3)
Answers
The answer for the angle cos (5π/3) is 1/2.
We know that in the polar coordinate system,
x = r cosθ ; y = r sinθ
Since, we are approximating using a unit circle, therefore, r = 1
As we can see in the graph of unit circle, we take the angle in radians anti-clockwise as 5π/3.
As we want the value of cos(5π/3), we look for the x coordinate.
We get this from the end point of the angle that we have drawn on the unit circle in anti-clockwise motion.
The x co-ordinate is 1/2, hence we get the value of cos(5π/3) as 1/2.
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4,400 is placed in an account with an annual interest rate of 8.25%. How much will be in the account after 22 years to the nearest cent
Answers
After 22 years the amount in the account will be 12,386.
What is simple interest?Simple interest is an interest amount calculated on the principal amount with certain interest rate. It is given by the formula,
[tex]S.I.=\frac{P*n*r}{100}[/tex]
Where P is the principal amount, n is the number of years, r is the rate of interest.
4,400 is placed in an account i.e., Principal amount, P=4400
With an annual interest rate, r=8.25%
Number of years, n=22 years.
Amount in the account after 12 years will be,
By using simple interest formula,
[tex]S.I.=\frac{P*n*r}{100}[/tex]
= [tex]\frac{4400*8.25*22}{100}[/tex]
=7,986
Interest amount = 7,896.
Total amount after 22 years= interest amount + principal amount
= 7896+4400
= 12,386.
Hence, after 22 years the amount in the account will be 12,386.
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What are the coordinates of R' for the Dilation D(0,5 P) (PQRS)?
Answers
The coordinate of R' after dilation of (0.5, P) is at R(- 1.5, - 1.5).
What are transformations?Two-dimensional figures can be transformed mathematically in order to travel about a plane or coordinate system.
Dilation: The preimage is scaled up or down to create the image.
Reflection: The picture is a preimage that has been reversed.
Rotation: Around a given point, the preimage is rotated to create the final image.
Translation: The image is translated and moved a fixed amount from the preimage.
Given, The coordinate point of R is (1, 1).
Now, After a dilation of 0.5 it would be (1×0.5, 1×05) ⇒ (0.5, 0.5).
Again a dilatation of P(- 3, - 3) would be, - 3[(0.5, 0.5)] ⇒ (- 1.5, - 1.5)
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(true/false) suppose the first column of a is three times of the second column. then the homogeneous equation ax
Answers
The statement that " Homogeneous equation Ax = 0 has trivial solution if it has at least 1 free variable" is FALSE .
For a system of Linear Equations, a free variable is a variable which can take any value, whereas
the Leading Variable is a variable which is determined by the values of the free variables.
The presence of a free variable means that existence of a non trivial solution to Ax = 0 because a free variable corresponds to a column of A that does not contain a pivot position in the corresponding row of [A|0].
So , the corresponding variable can be set to any non zero value, which gives a non trivial solution to Ax = 0.
Therefore, we can conclude that the homogeneous equation Ax = 0 has the trivial solution if and only if the equation has no free variables.
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The given question is incomplete , the complete question is
The homogeneous equation Ax = 0 has the trivial solution if and only if the equation has at least one free variable. True or False ?
classify the following set of measurements as accurate, precise, both, or neither. checking for consistency in the weight of chocolate chip cookies: 17.27 g, 13.05 g, 19.46 g, 16.92 g
Answers
The dimensions listed above are thus neither exact nor precise.
In the given question the chocolate chip cookies weigh 17.27 g, 13.05 g, 19.46 g, and 16.92 g, respectively and we have to classify the following set of measurements as accurate, precise, both, or neither.
It is the "value" that a buyer is prepared to pay for an object, particularly a used or second-hand car; typically, the "real worth" of any used car is a predetermined price tag after determining its value based on its condition and usage.
The chocolate chip cookies weigh 17.27 g, 13.05 g, 19.46 g, and 16.92 g, respectively. This demonstrates that the weight of chocolate chips is not comparable to their actual worth.
The dimensions listed above are thus neither exact nor precise.
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(4a-5)-(-2a-3) find the difference
Answers
Answer: [tex]6a-2[/tex]
Step-by-step explanation:
[tex](4a-5)-(-2a-3)\\=4a-5+2a+3\\=6a-2[/tex]
The difference of (4a-5)-(-2a-3) is 64a^15 = 9a is different to 5
Apply the product rule to 4a^5:
⇒ 4^3(a^5)^3
Raise 4 to the power of 3:
⇒ 64(a^5)^3
Apply the power rule and multiply exponents, (a^m)^n = a^mn:
⇒ 64a^5*3
Multiply 5 by 3:
64a^15
⇒ (4a-5)⇒ = 9a⇒ (-2a-3)⇒ = 5Therefore, The difference of (4a-5)-(-2a-3) is 64a^15 = 9a is different to 5
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The qualitative characteristic that means there is agreement between a measure and a real-world phenomenon is:
A) Verifiability.
B) Representational faithfulness.
C) Neutrality.
D) Materiality.
Answers
Verifiability is the ability to demonstrate that a measure is in agreement with a real-world phenomenon. It is an important qualitative characteristic of financial reporting.
Verifiability is a qualitative characteristic of financial reporting that refers to the ability to demonstrate that a measure is in agreement with a real-world phenomenon. This means that the financial information presented is accurate and reliable, and that it faithfully reflects the underlying transactions or events that it is supposed to represent. Verifiability is important because it ensures that users of financial statements, such as investors and creditors, are able to make informed and accurate decisions based on the information contained in the statements. This is achieved through the use of external auditors to objectively verify the integrity of financial statements and disclosures. If a measure is not verifiable, it is not considered to be a reliable source of information and should not be used for decision-making. Verifiability is essential for reliable financial reporting.
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Help pls!! I’ll give points and brainliest!!!
Answers
2.) The measure of MD is 70
*Steps:
1. > Both equivalent
2. > Both supplementary angles 180-110
If two medians of a triangle are congruent, then what is the triangle?
Answers
find an equation of the line with the given slope and containing the given point. write the equation using function notation. slope -7 through (-5,9)
Answers
The equation of line with slope as "-7" and passes through point (5,9) in function notation is f(x) = -7x - 26 .
We know that the equation of the line with slope "m = -7" passing through the point (-5, 9) can be found using the point-slope form of the equation of a line : which is ⇒ y - y₁ = m(x - x₁)
where (x₁, y₁) = (-5, 9) is the point and m = -7 is the slope.
On Substituting the values of point and slope , in the equation ,
⇒ y - 9 = -7(x - (-5)) ;
Simplifying the expression further ;
⇒ y - 9 = -7(x + 5) ;
⇒ y - 9 = -7x - 35 ;
Adding 9 to both sides,
⇒ y = -7x - 26
In function notation is f(x) = -7x - 26 .
Therefore, the required equation of the line is f(x) = -7x - 26 .
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1. Cuando Raúl y Esperanza llegaron a una fiesta quedaban 3/10 del pastel, así que se dividieron esa porción en partes iguales. ¿Qué parte del pastel completo le tocó a cada uno?
Answers
Answer:
13
Step-by-step explanation:
first multiply then divide and subtract
the charged balloon in (figure 1) expands as it is blown up, increasing in size from the initial to final diameters shown.
Answers
The size of a balloon increases as it is blown up because of the pressure of the air inside the balloon is greater than the atmospheric pressure outside.
The change in size of the balloon is determined by the ideal gas law, which states that the pressure of a gas is directly proportional to its temperature and inversely proportional to its volume (PV = nRT). Therefore, when air is added to the balloon and the pressure inside the balloon increases, its volume decreases. We can calculate the final diameter of the balloon, given the initial diameter and the change in pressure. For example, if the initial diameter of the balloon is 10 cm and the change in pressure is 0.5 atmospheres, then the final diameter of the balloon is[tex](10 cm) x [(1 + 0.5)⁰’⁵] = 10.63 cm.[/tex]
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Find the average number from the following numbers. 13, 33, 2, 10, 3.
Answers
Answer: 12.2
Step-by-step explanation:=
61/5=12.2
according to a recent pew research center survey, 23% of us adults say they have not read a book in any format in the past 12 months. assume the stated rate of 23% is indeed the correct population proportion value.
Answers
This means that out of every 100 US adults, 23 of them have not read a book in the past year. This rate is quite high, considering the vast number of books available to read.
To calculate the number of US adults who have not read a book in the past year, we can use the following equation:
Number of US Adults Who Have Not Read a Book in the Past Year = Total Number of US Adults x Proportion of US Adults Who Have Not Read a Book in the Past Year
First, determine the total number of US adults. For example, let's say that there are 80 million US adults.
Next, multiply the total number of US adults by the proportion of US adults who have not read a book in the past year (0.23). Therefore, 80 million x 0.23 = 18.4 million US adults who have not read a book in the past year.
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assume that water is poured into a spherical bottle at a constant rate. which of the following graphs best represents the height of water in the bottle as a function of the amount of water in the bottle?
Answers
A graph that shows a slow and steady increase at first, followed by a steeper increase as the bottle approaches full capacity, would be the most accurate representation. Without seeing the available graphs, it's difficult to say which one is the best representation.
The best graph to represent the height of water in a spherical bottle as a function of the amount of water in the bottle is a non-linear graph that has a curved shape.
As the volume of water in the bottle increases, the height of the water will also increase, but not at a constant rate. The curve will become steeper as the bottle fills up, because the same amount of water will fill less and less of the remaining space in the bottle. Therefore, a graph that shows a slow and steady increase at first, followed by a steeper increase as the bottle approaches full capacity, would be the most accurate representation.
The height of water in a spherical bottle as a function of the amount of water in the bottle would be represented by a non-linear graph that has a curved shape. As the volume of water in the bottle increases, the height of the water will also increase, but not at a constant rate. The curve will become steeper as the bottle fills up, because the same amount of water will fill less and less of the remaining space in the bottle.
The most correct illustration would be a graph showing a gradual increase at initially, followed by a sharper increase as the bottle nears capacity. It's challenging to determine which graph is the best depiction without seeing the available graphs.
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Please help me answer this math problem!
Answers
Answer:
P(t) = 30t + 4820
In 2009, the moose population will be 5,330 according to the model.
Step-by-step explanation:
4970 - 4820 = 150
150 / 5 = 30
P(t) = 30t + 4820
30 x 17 = 510
510 + 4820 = 5330
The radius of a circle is 17 meters. What is the circle's circumference?
Answers
Answer:[tex]34\pi[/tex]
Step-by-step explanation:
c=[tex]2\pi R=2*17\pi =34\pi[/tex]
Answer:
43.98 meters
Step-by-step explanation:
A car drove at 65 miles per
hour for 7 hours. How
many miles are left if the
entire trip is 540 miles?
Answers
Answer: 85 miles left
Step-by-step explanation:
65 miles x 7 hours = 455 miles
540 miles - 455 miles = 85 miles
decide whether the function could be linear, exponential, or neither. linear exponential neither correct: your answer is correct. if the function could be linear or exponential, write a possible equation for the function. (if the function is neither, enter neither.) f(x)
Answers
Since the ratio of consecutive outputs is not constant, the function is not an exponential function. Hence the function is neither linear nor exponential.
To determine whether the given function is linear, exponential, or neither, first compute the average rate of change of with respect to and then compute the ratio of the consecutive outputs.
If the average rate of change is constant, then the function is linear.
If the ratio of consecutive outputs is constant, then the function is exponential.
x y Average rate of change ratio of consecutive outputs
-1 3 [tex]\frac{\delta y}{\delta x}=[/tex](6-3)/0-(-1)=3 6/3=2
0 6 (12-6)/(1-0)=6 12/6=2
1 12 (18-12)(2-1)=6 3/2
2 18 (30-18)/(3-2)=12 5/3
3 30 - -
Observe the above table, for the given function, the average rate of change from to is , and from to is .
Since the average rate of change is not constant, the function is not a linear function.
Observe the above table, for the given function, the ratio of consecutive outputs from -1 to 0 is 2 from 0 to 1 is 2, and from 2 to 1 is3/2
Since the ratio of consecutive outputs is not constant, the function is not an exponential function.
Hence the function is neither linear nor exponential.
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Tamika and Li are painting a mural. Tamika has painted 1/3 of the mural and Li has painted 1/6 of it. What part of the mural have they painted in all?
Answers
Answer:
Tamika has painted 1/3 of the mural, and Li has painted 1/6 of it. To find the total part of the mural that they have painted together, we need to add these fractions:
1/3 + 1/6
We need to find a common denominator to add these fractions. The smallest common multiple of 3 and 6 is 6. We can convert 1/3 to 2/6 by multiplying the numerator and denominator by 2:
2/6 + 1/6 = 3/6
So, Tamika and Li have painted 3/6 of the mural in all. We can simplify this fraction by dividing both the numerator and denominator by 3:
3/6 ÷ 3/3 = 1/2
Therefore, Tamika and Li have painted 1/2 of the mural in all
The above PPF of producing mountain bikes to racing bikes.
The factory is currently producing 250 mountain bikes and 100 racing bikes per week (point A). If they wanted to produce 50 more racing bikes per week (point B), what would be there opportunity cost?
A. 100 racing bikes
B. 250 mountain bikes
C. 50 mountain bikes
D. There is no opportunity cost.
Answers
They wanted to produce 50 more racing bikes per week (point B), what would be there opportunity cost There is no opportunity cost.
What is meant by speed?
the pace at which an object's location changes in any direction. Speed is defined as the distance traveled divided by the travel time. The speed of sound and light both represent quickness in movement, going, traveling, proceeding, or performance.Full speed ahead. relative quickness in action, advancement, etc. complete, maximum, or ideal rate of motion: Nine seconds are all it takes for the car to reach speed.An object's speed can be determined by calculating the distance it covers in a given amount of time. For instance, an automobile is moving at 70 miles per hour if it covers 70 miles in an hour (miles per hour).The opportunity cost of producing 50 more racing bikes per week (moving from point A to point B) would be the amount of mountain bikes that the factory would have to give up producing in order to allocate resources to producing more racing bikes.
From the PPF, we can see that in order to produce an additional 50 racing bikes per week, the factory would have to decrease its production of mountain bikes by 50 (moving from 250 to 200). Therefore, the opportunity cost of producing 50 more racing bikes per week is 50 mountain bikes (option C).
So the answer is C. 50 mountain bikes.
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In a study of television viewing habits, it is desired to estimate the average number of hours teenagers spend watching per week. If it is reasonable to assume σ = 3.2 hours, how large a sample is needed so that it will be possible to assert with 95 percent confidence that the sam mean is off by at most 20 minutes?
Answers
We need a sample size of at least 397 in order to be 95% confident that the sample mean is within 20 minutes of the true mean.
To calculate the sample size needed, we need to use the formula:
n = (zα/2σ/E)2
where zα/2 is the critical value associated with the desired confidence level (in this case 95%), σ is the standard deviation (3.2 hours in this case), and E is the margin of error (20 minutes in this case).
Thus, n = (1.96*3.2/20)2, which simplifies to 397.
E = 20
σ = 3.2
n = (1.96*3.2/20)2
Therefore, we need a sample size of at least 397 in order to be 95% confident that the sample mean is within 20 minutes of the true mean.
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The historical returns on a balanced portfolio have had an average return of 5% and a standard deviation of 14%, Assume that returns on this portfolio follow a normal distribution. (You may find it useful to reference the z table.) a. What percentage of returns were greater than 33%? (Round your final answer to 2 decimal places.) Percentage of returns = %
b. What percentage of returns were below -37%? (Round your final answer to 2 decimal places.) Percentage of returns %
Answers
The percentages of returns are given as follows:
a. Greater than 33%: 2.28%.
b. Below -37%: 0.13%.
How to obtain probabilities using the normal distribution?The z-score of a measure X of a variable that has mean symbolized by [tex]\mu[/tex] and standard deviation symbolized by [tex]\sigma[/tex] is obtained by the rule presented as follows:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
The z-score represents how many standard deviations the measure X is above or below the mean of the distribution, depending if the obtained z-score is positive or negative.Using the z-score table, the p-value associated with the calculated z-score is found, and it represents the percentile of the measure X in the distribution.The parameters for this problem are given as follows:
[tex]\mu = 5, \sigma = 14[/tex]
The proportion above 33% is the one subtracted by the p-value of Z when X = 33, hence:
Z = (33 - 5)/14
Z = 2.
Z = 2 has a p-value of 0.9772.
1 - 0.9772 = 0.0228 = 2.28%.
The proportion below -37% is the p-value of Z when X = -37, hence:
Z = (-37 - 5)/14
Z = -3.
Z = -3 has a p-value of 0.0013.
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Question 5 (1 point)
When budgeting for savings, you should wait until you pay all your bills and
discretionary expenses and then see if you have money left.
True
False
Answers
The adage "You should wait until after paying all of your bills and discretionary expenses before budgeting for savings" is accurate.
How do you determine discretionary spending?Consider your disposable income, or the amount of money that remains in your paycheck after taxes. Your discretionary income is the amount that remains after deducting all of your expenses, such as rent or mortgage payments, student loans, utilities, and food. Spending that are not necessary to run a household are categorized as discretionary expenses, including travel and luxury purchases. In other words, the income-earner has the option of paying for these items or services.Think about whether it's a want or a need before deciding whether it's a discretionary spend. Food is necessary, but it doesn't have to come from a restaurant.To learn more about discretionary expense, refer to:
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