We are given with the following:
Effective annual interest, i = 0.0425
Future worth, F = $25000
Number of years, n = 18
We use the formula to solve for the present worth of the money:
P = F / (1 + i)^n
P = 25000 / (1 + 0.0425)^18
P = 11818.73
The closest answer is:
<span>b.
$11,820</span>
Delete this answer please.
Answer:
9.4
Step-by-step explanation:
The net income for theis company is $216,060
The average total assets is 2,290,000
Therefore the return on total assets is
= 216,060/2,290,000
= 0.0943×100
=9.4
Answer:
1. 1050
2. 200 x 5.25= C
3. 155 students
Step-by-step explanation:
1. 5.25 x 200= 1,050
2. you multiply 200 x 5.25 the c is the unknown cost
3. To find how many tickets were purchased you need to divide 813.75 by 5.25
Answer:
P = 0.0438 ; We reject the Null and conclude that there is significant evidence that the discharge limit per gallon of waste has been exceeded.
Due to the small sample size.
Step-by-step explanation:
H0: μ = 500
H1 : μ > 500
Test statistic :
(xbar - μ) / S.E
Tstatistic = (1000 - 500) / 200
= 500 / 200
= 2.5
Pvalue from Test score ; df = 4 - 1 = 3 ; using calculator :
Pvalue = 0.0438
At α = 0.05
Pvalue < α ; We reject the Null and conclude that there is significant evidence that the discharge limit per gallon of waste has been exceeded.
The test above has a very small sample size, and for a distribution to be approximately Normal, the sample size must be sufficiently large enough according to the Central limit theorem.
For a two sided analysis ; the Pvalue is twice that for the one sided, hence, Pvalue = (0.0438 * 2) = 0.0876 yielding a less strong evidence against the Null.
