Tom deposits $300 into an account that pays simple interest at a rate of 4% per year. How much interest will he be paid in the f
1 answer:
You might be interested in
No, we don't have evidence to support that the mean completion time under new management has decreased but we can conclude that it remains at 15.5 minutes.
Given mean of 15.5 minutes , standard deviation of 1.7 minutes, sample size of 90 and sample mean of 15.4 minutes.
We can do the following study for conclusion:
Firstly the null hypothesis is
The alternate hypothesis is
since the value is less than this is a one tailed test.
Z=x bar-x/d/
where x is sample mean and d is standard deviation.
Z=15.4-15.5/1.7/
=-0.1/1.7/9.4868
=-0.560
Critical value of Z at 0.1 level of significance
Z=-1.28
We fails to reject the null hypothesis since -0.560>-1,28
Hence we don't have evidence to support that the mean completion time under new management has decreased but we can conclude that it remains at 15.5 minutes.
Learn more about hypothesis at brainly.com/question/11555274
#SPJ4
Question is incomplete. It should include:
mean of 15.5 minutes ,
standard deviation of 1.7 minutes,
sample size of 90
and sample mean of 15.4 minutes.