X=cubic root 2/27
Glad to help
Answer:
Step-by-step explanation:
The answer depends on whether the interest is simple or compound.
For simple interest:
A = 670(1 + 0.08)(24)
For compound interest
A = 670(1 + 0.08)24
Answer: z score = 0.00714
Step-by-step explanation: the value of test statistics is gotten using the standard normal distribution table.
Z= 2.45 has area to the left (z<2.45) and area to the right (z>2.45).
Level of significance α is the probability of committing a type 1 error. The area under the distribution is known as the rejection region and it is the area towards the right of the distribution.
The table I'm using is towards the left of the distribution.
But z>2.45 + z<2.45 = 1
z> 2.45 = 1 - z<2.45
But z < 2.45 = 0.99286
z > 2.45 = 1 - 0.99286
z >2.45 = 0.00714
Hence the test statistics that would produce the least type 1 error is 0.00714
Step-by-step explanation:
This is an exponential increase. As represented in the picture, approximately 77 lilly pads will be produced after 50 days when there is initial of 22.