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3 years ago

12

You pay for a $500 purchase using a credit card. The credit card company charges a 24% interest rate, compounded monthly ,on the

unpaid balance. How much will you owe after 3 months? Assume you don't make any payments during this time.

1 answer:

mezya [45]3 years ago

3 0

Answer:

530.60 for interest on 3 months you don't make any payments

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Assume that you want to test the claim that the paired sample data come from a population for which the mean difference is μd =

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Answer:

Test statistic, $t_{s} = -0.603$ (to 3 dp)

Step-by-step explanation:

Deviation, d = x -y

Sample mean for the deviation

$\bar{d} = \frac{\sum x-y}{n}$

$\bar{d} = \frac{(28-6) + (31-27)+(20-26)+(25-25)+(28-29)+(27-32)+(33-33)+(35-34)}{8} \\\bar{d} = -0.625$

Standard deviation: $SD = \sqrt{\frac{\sum d^{2} - n \bar{d}^2}{n-1} }$

$\sum d^{2} = (28-26)^2 + (31-27)^2 +(20-26)^2 +(25-25)^2 +(28-29)^2 +(27-32)^2 +(33-33)^2 +(35-34)^2\\\sum d^{2} = 63$

$SD = \sqrt{\frac{63 - 8 * (-0.625)^2}{8-1} }$

SD =2.93

Under the null hypothesis, the formula for the test statistics will be given by:

$t_{s} = \frac{ \bar{d}}{s_{d}/\sqrt{n} } \\t_{s} = \frac{- 0.625}{2.93/\sqrt{8} }$

$t_{s} = -0.6033$

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