Multiplying fractions
2 answers:
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Answer:
In 17 years time, the initial population of 3400, and growing at a rate of 5% will be ≈ 7792
Step-by-step explanation:
Here we have that the formula for population presented as follows;
Where:
A = Population after growth
P = Original population = 3400
r = 5% = 0.05
t = Time = 17 years
Population growing at a rate of 5% is thus given by the plugging in the above values into the population growth formula thus;
Since we are presenting data relating to number of people, we round alwys down as the statistics should represent the number of whole people on ground.
Therefore, in 17 years time, the initial population of 3400, and growing at a rate of 5% will be ≈ 7792.
Answer:
The p-value of the test is 0.0041 < 0.05, which means that there is sufficient evidence at the 0.05 significance level to conclude that the mean cost has increased.
Step-by-step explanation:
The average undergraduate cost for tuition, fees, and room and board for two-year institutions last year was $13,252. Test if the mean cost has increased.
At the null hypothesis, we test if the mean cost is still the same, that is:
At the alternative hypothesis, we test if the mean cost has increased, that is:
The test statistic is:
We have the standard deviation for the sample, which means that the t-distribution is used to solve this question
In which X is the sample mean, is the value tested at the null hypothesis, s is the standard deviation and n is the size of the sample.
13252 is tested at the null hypothesis:
This means that
The following year, a random sample of 20 two-year institutions had a mean of $15,560 and a standard deviation of $3500.
This means that
Value of the test statistic:
P-value of the test and decision:
The p-value of the test is found using a t-score calculator, with a right-tailed test, with 20-1 = 19 degrees of freedom and t = 2.95. Thus, the p-value of the test is 0.0041.
The p-value of the test is 0.0041 < 0.05, which means that there is sufficient evidence at the 0.05 significance level to conclude that the mean cost has increased.