Answer:
The null hypothesis is .
The alternative hypothesis is
Step-by-step explanation:
Suppose that a recent article stated that the mean time spent in jail by a first-time convicted burglar is 2.5 years.
At the null hypothesis, we test if the mean is of 2.5 years, that is:
A study was then done to see if the mean time has increased in the new century.
At the alternative hypothesis, we test if the mean has increased, that is, if it is above 2.5 years. So
Answer:
Step-by-step explanation:
Exponential function representing final amount with compound interest compounded continuously,
Here, A = Final amount
P = principal amount
r = Rate of interest
t = Duration of investment
For P = $9600
r = 6%
A = 2 × 9600 = $19200
By substituting these values in the formula,
ln(2) = 0.06t
t =
t = 11.55245
t ≈ 11.5525 years
Any amount will get doubled (with the same rate of interest and duration of investment) in the same time.
Therefore, $960000 will get doubled in 11.5525 years.