Neee help on both of themplease thank you appreciate it!
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<h3>Answer: B) 31.348</h3>
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Work Shown:
We will never use the alpha = 0.05 value when computing the test statistic. So we can ignore alpha for this particular problem.
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n = 40 is the sample size.
s = 2.6 is the sample standard deviation
= sigma = 2.9 is the population standard deviation (ie the claimed standard deviation for all the pay phones)
Test Statistic for chi-square
Answer:
$960
Step-by-step explanation:
You are going to want to use the simple interest formula for this. The one below is modified for solving the interest earned.
<em>I = interest amount </em>
<em>P = principal amount </em>
<em>r = interest rate (decimal form) </em>
<em>t = time </em>
The first step is to change 3% into a decimal:
3% -> -> 0.03
Now, lets plug in the values into the equation:
Jameson will be charged $960 of interest after 4 years.