Solve for g E = 32 g h
2 answers:
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Answer:
The p -value is less than 0.001.
Step-by-step explanation:
Given information:
Sample size = 25 chips
Sample mean = 985
Sample standard deviation = 10
Let as assume that sample is distributed normally.
The formula for test statistic
where,
is sample mean
μ is population mean.
s is sample standard deviation.
n is sample size.
The value of test statistic is
The p-value is
Therefore the p -value is less than 0.001.
Answer:
a; she will have $8812
b: It will be enough for her trip
Step-by-step explanation:
In this question, we are tasked with calculating how much a certain value in a savings account that is earning an interest that is compounded annually will be worth.
To calculate this, we use the compound interest formula;
A = P(
Where A is the amount after that number of years which of course we want to calculate
P is the principal amount which is the amount we are investing which is $6439 according to the question
r is the interest rate which is 4% = 4/100 = 0.04
t is the time which is 8 years
n is 1 which is the number of times interest will be compounded annually
We plug these values as follows;
A = 6439(1 + 0.04/1)^8
A = 6439(1.04)^8
A = $8,812.22
This amount is greater then the needed $8,500 for the trip and of course it will be enough