A carpenter is making doors that are 2058 millimeters tall. If the doors are too long they must be trimmed, and if they are too
short they cannot be used. A sample of 6 doors is made, and it is found that they have a mean of 2072 millimeters with a standard deviation of 27. Is there evidence at the 0.01 level that the doors are too long and need to be trimmed? State the null and alternative hypotheses for the above scenario.
18% of 420 is 75.6. Multiply that by 63 to get 4762.8. 420 multiplied by 63 equals 26460. 26460 plus 4762.8 is 31222.8. 31222.8 divided by 63 is 495.6. So the answer is $495.60 per year.