Use the Following to Answer Questions

question 46

Multiple Choice

Use the following to answer questions :
In a hypothesis test with hypotheses and ,a random sample of size 530 produced a sample proportion of 0.2755.The test is to be made at the 2% significance level.
-What is the critical value of z?

• A)-2.33
• B)-2.05
• C)-1.645
• D)-1.714

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Definitions:

Deferred Annuity

A type of annuity contract that delays payments of income, installments, or a lump sum until the investor elects to receive them.

Ordinary Annuity

Consistent payouts distributed at the conclusion of each cycle over an established length.

Deferred Annuity

An insurance product that provides future payments to the holder, starting at a designated date rather than immediately.

Ordinary Annuity

Identical sums disbursed following each period within an allotted timeframe.