Nora invested $1,500 in a bond at a simple interest rate of 3%. How much will the bond be worth in total after 10 years?
1 answer:
<h2>The bond will be worth in total after 10 years is =$1,950</h2>
Step-by-step explanation:
Given,
Nora invested $1,500 in at a bond simple interest rate of 3%
here P= $1500 R= 3% and t = 10year
Simple interest(I) =
=$
=$ 450
<h3>The bond will be worth in total after 10 years is = $1,500+ $450</h3><h3> =$1,950</h3>
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Using the t-distribution, it is found that the data does not provide convincing evidence that the mean number is greater when the coupons were addressed to a female.
<h3>What are the hypothesis tested?</h3>At the null hypothesis, it is tested if there is no difference, that is, the mean is of 0, hence:
At the alternative hypothesis, it is tested if the mean number is greater for females, that is, the mean is greater than 0, hence:
The test statistic is given by:
The parameters are:
is the sample mean.
is the value tested at the null hypothesis.
- s is the standard deviation of the sample.
- n is the sample size.
In this problem, the parameters are given as follows:
.
Hence, the test statistic is given by:
t = 2.23
<h3>What is the conclusion?</h3>Considering a <em>right-tailed test</em>, as we are testing if the mean is greater than a value, with a <em>significance level of 0.01 and 50 - 1 = 49 df</em>, the critical value is given by .
Since the test statistic is less than the critical value for the right-tailed test, the data does not provide convincing evidence that the mean number is greater when the coupons were addressed to a female.
More can be learned about the t-distribution at brainly.com/question/26454209