Patel is solving 8x2 + 16x + 3 = 0. Which steps could he use to solve the quadratic equation? Select three options.

Answers

Answer 1

The correct options are:

[tex]8(x^2 + 2x) = -3\\\\8(x^2 + 2x + 1) = -3 + 8[/tex]

x = –1 Plus or minus StartRoot StartFraction 5 Over 8 EndFraction EndRoot

What Is Quadratic Equation?

Quadratic equations are the polynomial equations of degree 2 in one variable of type f(x) = ax2 + bx + c = 0 where a, b, c, ∈ R and a ≠ 0. It is the general form of a quadratic equation where 'a' is called the leading coefficient and 'c' is called the absolute term of f (x).

Now, We have the quadratic equation is:

[tex]8x^2 + 16x + 3 = 0[/tex]

We separate variables from constants

[tex]8x^2+16x = -3[/tex]

Taking the common factor  8

[tex]8(x^2+2x)=-3[/tex]

Completing squares in the brackets and balancing the equation in the right side

[tex]8(x^2+2x+1)=-3+8[/tex]

Factoring the perfect square

[tex]8(x+1)^2=5[/tex]

[tex](x+1)^2=\frac{5}{8}[/tex]

[tex](x+1)=[/tex] ± [tex]\sqrt{\frac{5}{8} }[/tex]

x = -1 ± [tex]\sqrt{\frac{5}{8} }[/tex]

The correct options are:

[tex]8(x^2 + 2x) = -3\\\\8(x^2 + 2x + 1) = -3 + 8[/tex]

x = –1 Plus or minus StartRoot StartFraction 5 Over 8 EndFraction EndRoot

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The given question is incomplete, complete question is:

Patel is solving 8x2 + 16x + 3 = 0. Which steps could he use to solve the quadratic equation? Select three options.

8(x2 + 2x + 1) = –3 + 8

x = –1 Plus or minus StartRoot StartFraction 5 Over 8 EndFraction EndRoot

x = –1 Plus or minus StartRoot StartFraction 4 Over 8 EndFraction EndRoot

8(x2 + 2x + 1) = 3 + 1

8(x2 + 2x) = –3


Related Questions

Jack went for a mountain hike. On his way up, he traveled
at a speed of 2 mph. He reached the summit in 3 hours. On his
way back down, Jack jogged at a speed of 5 mph. Write
the formula that describes how the distance Jack covered during
the hike depends on the amount of time that he traveled.

Answers

Answer:

  d = (20/7)t

Step-by-step explanation:

You want the distance traveled as a function of travel time if Jack's speed going up was 2 mph and going down was 5 mph.

Time

The relation between time, speed, and distance is ...

  t = d/s

If the total distance is d, the total travel time up and back is ...

  t = t1 +t2

  t = (d/2)/(2) +(d/2)/5 = d(1/4 +1/10) = 0.35d

Solving for distance, we have ...

  d = t/0.35

  d = (20/7)t . . . . miles, where t is in hours

<95141404393>

A carpenter cuts a circle out of a piece of wood. the radius of the circle is about 23 inches. The carpenter cuts the circle into two semicircles. What is the area od one semicircle. Use 3.14 for pi

Answers

Answer:

830.53 in²

Step-by-step explanation:

Find the area of the full circle and divide it by 2:Use the circle area formula, A = r²Plug in 3.14 as pi, and plug in the radius:A = r²A = 3.14(23²)A = 1661.06Divide this by 2:1661.06 / 2= 830.53So, the area of one semicircle is 830.53 in²

Answer: The area of one semicircle is approximately 830.53 square inches.

Step-by-step explanation:

The area of a circle is given by the formula:

A = πr²

where A is the area of the circle and r is its radius.

The radius of the circle cut out of the piece of wood is about 23 inches. Therefore, its area is:

A = πr²

A = π(23)²

A = π(529)

A ≈ 1661.06 square inches

The carpenter cuts the circle into two semicircles. Therefore, the area of one semicircle is:

A/2 ≈ 830.53 square inches

Therefore, the area of one semicircle is approximately 830.53 square inches.

I hope this helps! Let me know if you have any other questions.

When Steven was 3 years old (on his birthday), his grandmother decided to set up a trust account to pay for his college education. She wanted the account to grow
to $100,000 by his 18th birthday. If she was able to invest her money at 4% per year, how much did she have to deposit into this trust account? (Note: The
amount deposited is known as the present value of the investment. The $100,000 is known as the future value. Round your answer to the nearest cent.)
$

Answers

Using the future value,

Steven's grandmother needed to deposit $55,469.56 into the trust account.

We have,

We can use the formula for the future value of a present sum:

FV = PV(1 + r)^n

where FV is the future value, PV is the present value, r is the annual interest rate, and n is the number of years.

In this case, we have:

FV = $100,000

PV = unknown

r = 4% = 0.04

n = 15 years (18 - 3 = 15)

Substituting these values into the formula, we get:

$100,000 = PV(1 + 0.04)^15

Solving for PV, we get:

PV = $55,469.56

Thus,

Steven's grandmother needed to deposit $55,469.56 into the trust account.

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The Bearing of X from Y is 35° Find the bearing of Y from X

Answers

Using the Law of Cosines, the angle between the lines PX and PY is found to be approximately 101.5°. Subtracting this angle from the bearing of Y from P (125°) and the bearing of X from P (35°) gives a bearing of approximately 54.5° from X to Y.

We can use the Law of Cosines to find the angle between the lines PX and PY, and then add this angle to the bearing of X from P to find the bearing of Y from X.

Let A be the angle between the lines PX and PY, and let C be the distance between X and Y. Then we have

C² = PX² + PY² - 2(PX)(PY)cos(A)

Substituting the given values, we get

950² = 420² + PY² - 2(420)(PY)cos(A)

Solving for cos(A), we get

cos(A) = (PY^2 - 950^2 - 420^2) / (-2)(420)(950)

cos(A) = -0.186

Since A is an acute angle, we can take the inverse cosine to find its measure

A = cos⁻¹ (-0.186)

A ≈ 101.5°

The bearing of X from P is 35°, so the bearing of Y from X is

125° - 35° - A ≈ 54.5°

Therefore, the bearing of Y from X is approximately 54.5 degrees to the nearest minute.

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--The given question is incomplete, the complete question is given

" The bearings from a point P of two landmarks X and Y are 35° and 125° and their distances from P are 420 m and 950 m respectively. Find the bearing of Y from X (to the nearest minute)."--

1. Expand and simplify the following:

a) (x+3)(x + 5)

b) (x-6) (x + 7)

2. Common factor each of the following.

a) 2x+6

b) 9x² - 12x

3. Factor the following difference of squares.

a) x²-121

b) 4x² - 49

4. Factor each of the following trinomials.

a) x² - 10x + 16

b) x²-5x-24

c) (2x-3)(5x-4)

c) 24x² + 16x-2

c) 144-25x²

c) x² +8x-20

5. Factor the following quadratics using the appropriate factoring method (s).

a) 3x² + 18x+24

b) 99-11x²

c) 6x²-48x-54

Answers

The Common factor:

a) 2x+6 = 2(x+3)

b) 9x² - 12x = 3x(3x - 4)

How to solve

Expand and simplify:

a) [tex](x+3)(x+5) = x^2 + 5x + 3x + 15 = x^2 + 8x + 15[/tex]

b) [tex](x-6)(x+7) = x^2 + 7x - 6x - 42 = x^2 + x - 42[/tex]

Common factor:

a) 2x+6 = 2(x+3)

b) 9x² - 12x = 3x(3x - 4)

Factorization is the process of expressing a number or equation in terms of its factors, which are integers or individual terms that when combined together generate the original number or expression. This is an essential concept in algebra and number theory.

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A total of $7000 is invested: part at 8% and the remainder at 12%. How much is invested at each rate if the annual interest is $580
?

Answers

The amount of $5000 is invested at 12% and $2000 is invested at 8%.

Let x be the amount invested at 8% and y be the amount invested at 12%. We know that the total amount invested is $7000, so we have:

x + y = 7000

We also know that the annual interest earned is $580. The amount of interest earned from the investment at 8% is 0.08x, and the amount of interest earned from the investment at 12% is 0.12y. So we have:

0.08x + 0.12y = 580

We now have two equations with two variables. We can solve for one variable in terms of the other in the first equation and substitute it into the second equation:

x = 7000 - y

0.08(7000 - y) + 0.12y = 580

560 - 0.08y + 0.12y = 580

0.04y = 20

y = 500

So $5000 is invested at 12% and $2000 is invested at 8%.

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What is the value of the expression 4 twelfths + 2 thirds

Answers

The value of the expression 4/12 + 2/3 is 1 1/12

What are fractions?

A fraction is a part of a whole. A fraction consist of the upper part( numerator ) and the lower part ( denominator). Examples of fractions are; simple fraction , complex fraction, mixed fraction, improper fraction.

In a simple fraction, both are integers. A complex fraction has a fraction in the numerator or denominator. In a proper fraction, the numerator is less than the denominator.

Solving 4/12 + 1/3

= (9+4)/12

= 13/12

= 1 1/12

therefore the value of 4 twelfth + 2 third is 1 1/12

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Solve for x:
-5 - 3(6x-8) = -5x + 19
Show your work

Answers

Answer: x = 0

Step-by-step explanation:

simplify the expression

−5−3(6x−8)=−5x+19

−5−18+24=−5+19

19−18x=−5x+19

−18+19=−5+19

−5−3(6x−8)=−5x+19

−18x+19=−5x+19

−5−3(6x−8)=−5x+19

−18x+19=−5x+19

−18+19−19=−5+19−19

−18x=−5x+19 − 19

−18x+19−19=−5x+19 − 19

−18x=−5x

−18x+5x=−5x+5x

x=−5x+5x−13

x−13=−5+5

−13x=0

−13x/−13 = 0/-13

x= 0/−13

x= 0

-5-18x+24=-5x+19
-18x-5+24=-5x+19
-18x+19=-5x+19
19-19=-5x+18x
0=13x
Therefore x=0 (since 13 multiplied by 0 is 0)

How is y=4(2)^x-3 translated from the graph of y=4(2)^x

Answers

The graph of y=4[tex](2)^{x}[/tex]-3 is the same as the graph of y=4[tex](2)^{x}[/tex] shifted downwards by 3 units.

The function y=4[tex](2)^{x}[/tex] is an exponential function with base 2 and vertical intercept at (0, 4).

To translate this function to the graph of y=4[tex](2)^{x}[/tex]-3, we need to shift the graph downwards by 3 units. This can be achieved by subtracting 3 from the original function as follows:

y = 4[tex](2)^{x}[/tex] - 3

Now, the vertical intercept of the new function y=4[tex](2)^{x}[/tex]-3 is at (0, 1), which is 3 units below the intercept of the original function.

Notice how the entire graph has shifted down by 3 units, while maintaining the same shape as the original exponential function y=4[tex](2)^{x}[/tex].

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3/10+63/100 what is this

Answers

Answer:

The answer would be 0.93!

Step-by-step explanation:

Town A and Town were located close to each other, and recently merged into one city. Town A had a population with 12% whites. Town B had a population with 10% whitesAfter the merge, the new city has a total of 5000 residents, with 10.56% whitesHow many residents Town A and Town used to have?

Answers

The number of residents Town A used to have is 1400, and the number of residents Town B used to have is 3600, as shown by the simple equation below.

How to find the number of residents

Let x be the number of residents Town A used to have. The number of residents in Town B is:

5000 - x

We know that Town A had 12% whites and Town B had 10% whites. After the merge, the percentage of whites is 10.56%. With that in mind:

12%x+10%(5000-x) = 10.56%(5000)

0,12x + 500 - 0,1x = 528

0.02x = 28

x = 1400

Therefore, the number of residents Town A used to have is 1400. Now, the number of residents town B used to have is:

5000 - 1400 = 3600

With that in mind, we can conclude our answer is correct.

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evaluate the following 12.45x11

Answers

12.45(11)= 136.95

(You must multiply the 12.45 by 11 and it equals to 136.95)

find the perimeter of the composite figure. 11 19.5 16 m 18m​

Answers

The perimeter of the composite figure that is given above would be = 96.6m.

How to calculate the perimeter of the given figure?

To calculate the perimeter of the given shape, it has to be divided into two.

First shape is a rectangle. Therefore the perimeter of a rectangle is calculated with the formula = 2(l+w)

Where ;

length = 16m

width = 11m

perimeter = 2(16+11)

= 2×27

= 54m

The second shape:

Perimeter of triangle = l+w+h

where;

length = 18-11 = 7m

width = 16m

height = 19.5m

perimeter = 7+16+19.5 = 42.5m

Therefore, the perimeter of the shape = 54+42.5 = 96.6m

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NEED HELP ASAP PLS AND THX PIC ATTACHED

Answers

The Area of Triangle is 10 square unit.

We have,

base = 4 unit

Height = 5 unit

So, Area of Triangle

= 1/2 x base x height

= 1/2 x 4 x 5

= 2 x 5

= 10 square unit

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an amount of R1965,00 is invested in an account paying 11,50% interest per year, compounded semi-annually at the time of withdrawal the amount of interest earned is R 633,75 . the number of years that the money was invested rounded to two decimal places is​

Answers

The value of number of years that the money was invested rounded to two decimal places is​, 2.5 years

We have to given that;

An amount of R1965,00 is invested in an account paying 11,50% interest per year, compounded semi-annually at the time of withdrawal the amount of interest earned is R633,75

Hence, We get;

Interest = P ( (1 + r/2)ⁿ - 1965)

R633.75 = 1965 (1 + 11.5%/2)ⁿ - 1965

1965 × 1.0575ⁿ - 1965 = 633.75

1965 × 1.0575ⁿ = 2598.75

1.0575ⁿ = 1.3225

n = log₁.₀₅₇₅ (1.3225)

n = 5

Hence, Number of years is, 5/2 = 2.5

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Points S and T are midpoints of the sides of trisngle FGH.

Answers

The length of GF is 4 cm minus half the length of side FH.

To do this, we can use the fact that point S is the midpoint of FH. This means that FS = 1/2 FH. Similarly, point T is the midpoint of GH, so TG = 1/2 GH. We can now use these equalities and the fact that SG = 4 cm and HT = 6 cm to set up an equation involving FH:

SG + GF + HT = ST + TG + FH

Substituting the given values and using the fact that TG = GH - TG = GH - 1/2 GH = 1/2 GH, we get:

4 cm + GF + 6 cm = 8 cm + 1/2 GH + FH

Simplifying and substituting FS = 1/2 FH and TG = 1/2 GH, we get:

10 cm + GF = 8 cm + FS + TG

GF = 8 cm + FS + TG - 10 cm

GF = 1/2 FH - 1/2 GH

Now, substituting the values we know, we get:

GF = 1/2 FH - 1/2 GH

GF = 1/2 (FS + SH) - 1/2 (GH)

GF = 1/2 (8 cm + SH) - 1/2 (GH)

GF = 1/2 (8 cm + FS) - 1/2 (GH)

GF = 1/2 (8 cm + 1/2 GH) - 1/2 (GH)

GF = 3 cm - 1/4 GH

We can now substitute TG = 1/2 GH and solve for GH:

TG = 1/2 GH

8 cm - FS = 1/2 GH

GH = 16 cm - 2 FS

Substituting this value into the expression for GF, we get:

GF = 3 cm - 1/4 (16 cm - 2 FS)

GF = 3 cm - 4 cm + 1/2 FS

GF = 1/2 FS - 1 cm

Finally, substituting FS = 8 cm - SH, we get:

GF = 1/2 (8 cm - SH) - 1 cm

GF = 4 cm - 1/2 SH

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Complete Question:

Points S and T are midpoints of the sides of triangle FGH

when HT = 6cm, ST = 8 cm, SG = 4CM

what is GF ?

Find the two perfect squares that each Integer is between. Then approximate the square root to one decimal place.
√47


pls i need it quick

Answers

Answer:

[tex] 36 < 47 < 49[/tex]

[tex] \sqrt{36} < \sqrt{47} < \sqrt{49} [/tex]

[tex]6 < \sqrt{47} < 7[/tex]

√47 is approximately 6.9

35% of those falled will find an excuse to avoid jury duty. if 10 people are called for jury duty, then what is the probability that 2 will find an excuse

Answers

The evaluated probability that 2 will find an excuse is 12.8%, under the condition that 35% of those failed will evaluate an excuse to avoid jury duty.

According to the data I found, about 23% of those evaluated to find an excuse (work, poor health, travel out of town, etc.) to avoid jury duty.
In the event 10 people are called for jury duty, then the evaluated probability that 2 will find an excuse can be found out using the binomial probability distribution formula.
The formula is:
[tex]P(X=k) = C(n,k) * p{^k }* (1-p)^{(n-k)}[/tex]

Here,
P(X=k) = successes  probability of k in n trials
C(n,k) =  combinations of number in n things taken k at a time
p=  success probability of any one trial
n = trial number
For the given case
k = 2
n = 10
p = 0.23
Staging these values into the formula
[tex]P(X=2) = C(10,2) * 0.23^{2}* (1-0.23)^{(10-2)}[/tex]
       = 45 × 0.0529 × 0.5225
       = 0.128

Hence, the probability that exactly 2 out of 10 people will evaluate an excuse to avoid jury duty is 0.128 or approximately 12.8%.
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PQ is tangent to Circle O at Point P with arc lengths 160° and 60° as shown below.

Answers

The measure of the angle m∠PQR is equal to 50° using the secant tangent angle formula. So option A is correct.

What is the secant tangent angle

The secant tangent angle is the angle formed by a tangent and a secant that intersect outside of a circle. The measure of the secant tangent angle can be found using the following formula:

θ = 1/2 (arc EB - arc BD)

where arc EB and arc BD are the measures of the arcs intercepted by the secant and tangent, respectively.

From the question,

θ = m∠PQR

arc EB = 160°

arc BD = 60°

m∠PQR = 1/2(160° - 60°)

m∠PQR = 1/2 × 100°

m∠PQR = 50°

Therefore, the measure of the angle m∠PQR is equal to 50° using the secant tangent angle formula.

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[-/5 Points]
DETAILS GHCOLALG12 4.4.026.
Write a third-degree polynomial function with real coefficients and the given zeros. (Use x as your variable.)
7, i
P(x) =

Answers

The value of a third-degree polynomial function with real coefficients and the given zeros are,

⇒ P (x) = x³ - (i + 14)x² + (49 + 14i)x - 49i

We have to given that;

Zeroes of the polynomial are,

⇒ 7, i

Now, The value of a third-degree polynomial function with real coefficients and the given zeros are,

⇒ P (x) = (x - 7)² (x - i)

⇒ P (x) = (x² + 49 - 14x) (x - i)

⇒ P (x) = (x³ - ix² + 49x - 49i - 14x² + 14ix)

⇒ P (x) = x³ - (i + 14)x² + (49 + 14i)x - 49i

Thus, The value of a third-degree polynomial function with real coefficients and the given zeros are,

⇒ P (x) = x³ - (i + 14)x² + (49 + 14i)x - 49i

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Are △ABC and △DEF similar triangles? Choose all that apply.

No, the corresponding angles are not congruent.

No, the corresponding angles are not congruent.,

No, the corresponding sides are not proportional.

No, the corresponding sides are not proportional.,

Yes, the corresponding sides are proportional.

Yes, the corresponding sides are proportional.,

Yes, the corresponding angles are all congruent.

Answers

Answer:

Step-by-step explanation:

No, the corresponding angles are not congruent.,

They have to be EXACTLY the same.

Lol i am learning this to.

Pls help me I really nee it pls pls pls pls

Answers

The answer is a because it is

For her end of year party Adriana mixed 6 L of Brand A juice with 9 L of Brand B juice. Brand A contains 52% fruit and Brand B contains 12% fruit juice. What percent of the mixture is fruit juice?
A. 30%
B. 28%
C. 20%
D. 32%

Answers

The per cent of fruit juice in the mixture is 28%. The correct option is B.

To determine the percent of fruit juice in the mixture, we need to calculate the total amount of fruit juice in the 6 L of Brand A juice and the 9 L of Brand B juice, and then divide it by the total volume of the mixture.

The amount of fruit juice in 6 L of Brand A juice is:

0.52 x 6 L = 3.12 L

The amount of fruit juice in 9 L of Brand B juice is:

0.12 x 9 L = 1.08 L

The total amount of fruit juice in the mixture is:

3.12 L + 1.08 L = 4.20 L

The total volume of the mixture is:

6 L + 9 L = 15 L

So, the per cent of fruit juice in the mixture is:

(4.20 L / 15 L) x 100% = 28%

Therefore, the correct answer is (B) 28%.

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What is the sum of the interior angle
measures of a regular hexagon? Show
or explain how you can use the sum
of the interior angles of a triangle to
determine the answer.

Answers

The sum of the interior angle of the regular hexagon is S = 720°

Given data ,

Sum of Interior angles of a polygon with n sides is

nθ = 180 ( n - 2 )

where n is the number of sides

θ = angle in degrees

when n = 6 for a hexagon , we get

nθ = 180 ( 6 - 2 )

nθ = 180 x 4

nθ = 720°

Hence , the sum of interior angles of a hexagon is 720°

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Use grid paper to find the median of the data. Then find the median of the lower half and the median of the upper half of the data.

82, 62, 95, 81, 89, 51, 72, 56, 97, 98, 79, 85
The median is
.

The median of the lower half of the data is
.

The median of the upper half of the data is
.
.

Answers

The median is 81.5.

The median of the lower half of the data is 67.

The median of the upper half of the data is 92.

Given a data set,

82, 62, 95, 81, 89, 51, 72, 56, 97, 98, 79, 85

Median of a data set is the middle element when the data are arranged in a order.

Arranging in ascending order,

51, 56, 62, 72, 79, 81, 82, 85, 89, 95, 97, 98

There are even number of data sets.

So, Median = Average of the middle two elements.

Median = (81 + 82) / 2 = 81.5

Lower half of the data set is,

51, 56, 62, 72, 79, 81

Median = (62 + 72) / 2 = 67

Upper half of the data set is,

82, 85, 89, 95, 97, 98

Median = (89 + 95) / 2 = 92

Hence the median is 81.5, lower half median is 67 and upper half median is 92.

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LR
What is the mean of

89.93

94.51

68.90

97.66

97.57

86.05

98.35

89.15

80.71

91.46

84.82

Answers

Answer: 6

Step-by-step explanation:

22. Florida has a population of about
2 x 107. The Earth has a population
of about 8 x 10⁹. About how many
times more populated is the Earth
than Florida? Express your answer as a
whole number.
s

Answers

Answer:7

Step-by-step explanation:

Determine the measure of the arc CED

Answers

Answer:kbef;eohrjkvoubwe

cv bojbDetectives are unsure whether Kendall Postwell will be able to testify at her trial. They say it is a question of competence. What does this MOST likely mean?

A.

Kendall might be determined to be insane and not qualified to testify.

B.

The evidence in Kendall’s case is inconclusive and doesn’t prove anything.

C.

Kendall is an expert witness who has testified many times before.

D.

The police think it will hurt their case if Kendall chooses to testify.

Step-by-step explanation:

Answer:

Step-by-step explanation:

Arc length= [tex]\frac{interior angle}{360} 2\pi r[/tex]

8.1 CHECK YOUR UNDERSTANDING - TURN ME IN!
1. A recent Pew Research center poll asked a random sample of teens "In general, how much time would you say
you spend with your friends in person." 36 % of the 739 respondents said "too little". We will estimate the
population proportion with 99% confidence.
a) Interpret the confidence level.
36%
b) Construct and interpret a 99% confidence interval for the population proportion.
If you created a 95% confidence interval instead, would it be narrower or wider? Explain.
c) if you created a 95% confidence interval instead would it be narrower or wider

AP STATS

Answers

a) The confidence level of 99% means that we are 99% sure that the interval contains the true population proportion.

b) The 99% confidence interval for the population proportion is given as follows: (0.3145, 0.4055). It means that we are 99% sure that the true population proportion is between 0.3145 and 0.4055.

c) The 95% confidence interval would be narrower, as it would have a lower critical value, thus the margin of error would also be lower.

What is a confidence interval of proportions?

A confidence interval of proportions has the bounds given by the rule presented as follows:

[tex]\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

In which the variables used to calculated these bounds are listed as follows:

[tex]\pi[/tex] is the sample proportion, which is also the estimate of the parameter.z is the critical value.n is the sample size.

The confidence level is of 99%, hence the critical value z is the value of Z that has a p-value of [tex]\frac{1+0.99}{2} = 0.995[/tex], so the critical value is z = 2.575.

The parameters for this problem are given as follows:

[tex]\pi = 0.36, n = 739[/tex]

The lower bound of the interval is given as follows:

0.36 - 2.575 x sqrt(0.36 x 0.64/739) = 0.3145.

The upper bound of the interval is given as follows:

0.36 + 2.575 x sqrt(0.36 x 0.64/739) = 0.4055.

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State Inc. decides to issue 10% annual coupon bonds with a maturity of 20 years.
a) Using $1,000 as the face value, what should you pay for this bond if the yield to maturity is 12%? If 10%? If 8%? If 6%. Explain the results.
b) Instead, they decide to borrow $50 million from a bank with a maturity of 5 years. If the interest rate is 8%, what is the monthly payment? What is the balance at the end of 28 months?

Answers

The bond price at 12% maturity is $435.42, at 10% maturity is $500.00, at 8% maturity is $607.28, and at 6% maturity is $748.65. The balance at the end of 28 months is approximately $41,097,019.67.

To determine the price of the bond at different yield to maturity rates, we need to use the bond pricing formula

Bond price = (Coupon payment / (1 + YTM)¹) + (Coupon payment / (1 + YTM)²) + ... + (Coupon payment + Face value) / (1 + YTM)ⁿ

Where Coupon payment = Annual coupon rate x Face value

YTM = Yield to maturity

n = Number of years to maturity x Number of coupon payments per year

Using $1,000 as the face value and an annual coupon rate of 10%, we have

At 12% yield to maturity

Coupon payment = 0.10 x $1,000 = $100

n = 20 x 2 = 40

Bond price = ($100 / (1 + 0.12)¹) + ($100 / (1 + 0.12)²) + ... + ($100 + $1,000) / (1 + 0.12)⁴⁰

Bond price = $435.42

At 10% yield to maturity

Coupon payment = 0.10 x $1,000 = $100

n = 20 x 2 = 40

Bond price = ($100 / (1 + 0.10)¹) + ($100 / (1 + 0.10)²) + ... + ($100 + $1,000) / (1 + 0.10)⁴⁰

Bond price = $500.00

At 8% yield to maturity

Coupon payment = 0.10 x $1,000 = $100

n = 20 x 2 = 40

Bond price = ($100 / (1 + 0.08)¹) + ($100 / (1 + 0.08)²) + ... + ($100 + $1,000) / (1 + 0.08)⁴⁰

Bond price = $607.28

At 6% yield to maturity

Coupon payment = 0.10 x $1,000 = $100

n = 20 x 2 = 40

Bond price = ($100 / (1 + 0.06)¹) + ($100 / (1 + 0.06)²) + ... + ($100 + $1,000) / (1 + 0.06)⁴⁰

Bond price = $748.65

To calculate the monthly payment and balance of the loan from the bank, we can use the formula for the monthly payment of an amortizing loan

P = (r × A) / (1 - (1 + r)⁻ⁿ)

where P is the monthly payment, r is the monthly interest rate (which is the annual interest rate divided by 12), A is the loan amount, and n is the total number of months in the loan.

First, we need to calculate the values of r, A, and n

r = 0.08 / 12 = 0.00667 (monthly interest rate)

A = $50,000,000 (loan amount)

n = 5 years × 12 months/year = 60 months (total number of months in the loan)

Now, we can plug these values into the formula to calculate the monthly payment

P = (0.00667 × $50,000,000) / (1 - (1 + 0.00667)⁻⁶⁰)

P ≈ $1,029,299.29

Therefore, the monthly payment on the loan is approximately $1,029,299.29.

To find the balance at the end of 28 months, we can use the formula for the remaining balance of an amortizing loan

B = (P * (1 - (1 + r)⁻ⁿ')) / r

where B is the remaining balance, r is the monthly interest rate, P is the monthly payment, and n' is the number of months remaining in the loan (which is equal to the total number of months minus the number of months already paid).

After 28 months, the number of months remaining in the loan is

n' = 60 - 28 = 32

We can now plug the values of P, r, and n' into the formula to find the balance

B = ($1,029,299.29 × (1 - (1 + 0.00667)⁻³²)) / 0.00667

B ≈ $41,097,019.67

Therefore, the balance at the end of 28 months is approximately $41,097,019.67.

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