Suppose Carol Danvers invested $1,000 into an account paying 6% annual interest compounded
1 answer:
Answer:
$ 1,060.00
Step-by-step explanation:
A = $ 1,060.00
A = P + I where
P (principal) = $ 1,000.00
I (interest) = $ 60.00
Compound Interest Equation
A = P(1 + r/n)^nt
Where:
A = Accrued Amount (principal + interest)
P = Principal Amount
I = Interest Amount
R = Annual Nominal Interest Rate in percent
r = Annual Nominal Interest Rate as a decimal
r = R/100
t = Time Involved in years, 0.5 years is calculated as 6 months, etc.
n = number of compounding periods per unit t; at the END of each period
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Answer:
Alternative hypothesis:
Or in the alternative way would be:
Alternative hypothesis:
Step-by-step explanation:
A hypothesis is defined as "a speculation or theory based on insufficient evidence that lends itself to further testing and experimentation. With further testing, a hypothesis can usually be proven true or false".
The null hypothesis is defined as "a hypothesis that says there is no statistical significance between the two variables in the hypothesis. It is the hypothesis that the researcher is trying to disprove".
The alternative hypothesis is "just the inverse, or opposite, of the null hypothesis. It is the hypothesis that researcher is trying to prove".
On this case the claim that they want to test is: "The means for the two groups (American Idol and 60 Minutes) is the same". So we want to check if we have significant differences between the two means, so this needs to be on the alternative hypothesis and on the null hypothesis we need to have the complement of the alternative hypothesis.
Null hypothesis:
This null hypothesis can be expressed like this:
Null hypothesis:
Alternative hypothesis:
Or in the alternative way would be:
Alternative hypothesis: