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Fantom [35]
3 years ago
7

Josh earns $2700 each summer and puts the money in a savings account with a 4.5% simple interest rate. If he deposits the same a

ccount each year, how much money will he have at the end of his third summer?
Mathematics
1 answer:
lys-0071 [83]3 years ago
7 0

Answer:

he will have 8,829 dollars after 3 summers

Step-by-step explanation:

by using the cross multiplication method you can calculate how much interest is gathered after each year  

eventually after 3 summers interest has built up he would have 8,829 dollars including the 2,700 he earned each year

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Answer:

We conclude that the mean weight of coffee in its containers is at least 32 ounces which means that the data support the claim.

Step-by-step explanation:

We are given that a coffee packaging plant claims that the mean weight of coffee in its containers is at least 32 ounces.

A random sample of 15 containers were weighed and the mean weight was 31.8 ounces with a sample standard deviation of 0.48 ounces.

Let \mu = <u><em>mean weight of coffee in its containers.</em></u>

SO, Null Hypothesis, H_0 : \mu \geq 32 ounces     {means that the mean weight of coffee in its containers is at least 32 ounces}

Alternate Hypothesis, H_A : \mu < 32 ounces      {means that the mean weight of coffee in its containers is less than 32 ounces}

The test statistics that would be used here <u>One-sample t-test statistics</u> as we don't know about population standard deviation;

                             T.S. =  \frac{\bar X-\mu}{\frac{s}{\sqrt{n} } }  ~ t_n_-_1

where, \bar X = sample mean weight = 31.8 ounces

             s = sample standard deviation = 0.48 ounces

             n = sample of containers = 15

So, <u><em>the test statistics</em></u>  =  \frac{31.8 -32}{\frac{0.48}{\sqrt{15} } }  ~ t_1_4  

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The value of t test statistics is -1.614.

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Since our test statistic is more than the critical value of t as -1.614 > -2.624, so we have insufficient evidence to reject our null hypothesis as it will not fall in the rejection region due to which <u><em>we fail to reject our null hypothesis</em></u>.

Therefore, we conclude that the mean weight of coffee in its containers is at least 32 ounces which means that the data support the claim.

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