Based on simple interest, find the total amount saved or owed. principal = $1056; rate = 3.75%; time = 6 years A. $1293.60 B. $1
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Answer:
Step-by-step explanation:
The null and the alternative hypothesis is:
The t- student test statistics can be computed as:
t = -2.017
degree of freedom = (n₁ - 1) + (n₂ - 1)
= (100 - 1) + (130 - 1)
= 228
Using the data of t-value and degree of freedom;
The P-value = -0.224
Decision rule: Do not reject the null hypothesis if the p-value is greater than ∝(0.01)
Conclusion: We reject the null hypothesis since the p-value is less than ∝.
Therefore, there is enough evidence to conclude that the mean age of entering prostitution in Canada is lower than that of the United States.