Answer:
There is enough evidence to support the claim that the population mean is greater than 100
Step-by-step explanation:
<u>Step 1</u>: We state the hypothesis and identify the claim
and
(claim)
<u>Step 2</u>: Calculate the test value.


<u>Step 3</u>: Find the P-value. The p-value obtained from a calculator is using d.f=39 and test-value 1.126 is 0.134
<u>Step 4</u>: We fail to reject the null hypothesis since P-value is greater that the alpha level. (0.134>0.05).
<u>Step 5</u>: There is enough evidence to support the claim that the population mean is greater than 100.
<u>Alternatively</u>: We could also calculate the critical value to obtain +1.685 for
and d.f=39 and compare to the test-value:
The critical value (1.685>1.126) falls in the non-rejection region. See attachment.
NB: The t- distribution must be used because the population standard deviation is not known.
Answer:
0.1257486
Step-by-step explanation:
The total amount of money earned after 15 years is given by the formula:
A=p(1+r/100)^n
where:
p=principle=$2000
r=rate=6%
n=time=15 years
thus;
A=2000(1+6/100)^15
A=2000(1.06)^15
A=$4,793.12
Answer: use fotomath
Step-by-step explanation:
Forty million twenty three thousand and thirty two