Answer:
Test statistic = 1.664
Step-by-step explanation:
The hypothesis :
H0 : μ = 47.2
H1 : μ ≠ 47.2
Given that :
Sample mean, xbar = 47
Sample size, n = 250
Standard deviation, σ = 1.9
The test statistic :
(xbar - μ) ÷ (σ/√(n))
T = (47 - 47.2) ÷ (1.9/√(250))
T = (0.2 / 0.1201665)
Test statistic = 1.664
Answer:
ok
Step-by-step explanation:
Answer: Choice A) $4500.33
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Explanation:
The formula you'll use is
F = P*(1+r)^t
where
F = final amount
P = initial amount
r = growth rate (in decimal form)
t = time in years
In this case,
F = unknown (this is what we're trying to figure out)
P = 3046
r = 0.05 (since 5% = 5/100 = 0.05)
t = 8
Plug those three known values into the formula and evaluate
F = P*(1+r)^t
F = 3046*(1+0.05)^8
F = 3046*(1.05)^8
F = 3046*1.4774554
F = 4500.3291484
F = 4500.33 ... round to the nearest penny
Answer:
Step-by-step explanation: