If $4200 is invested into a savings account for which interest is compounded semiannually, and if the $4200 turns into $4900 in
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Answer:
The manufacturer's claim is not supported
Step-by-step explanation:
The time duration the battery of the foldable drone is said to last, μ = 4 hours
The number of drones that were tested, n = 10 drones
The sample mean, = 4.2 hours
The standard deviation, s = 0.4 hours
The hypothesis test level of significance = 0.5
The null hypothesis, H₀; μ = 4
The alternative hypothesis, Hₐ; μ ≠ 4
The test statistic is given as follows;
We get;
Therefore, the test statistic, t ≈ 1.58
The degrees of freedom, d. f. = n - 1
For n = 10, we have;
The degrees of freedom, d. f. = 10 - 1 = 9
From the t-table at 0.5 level of significance, the critical-t = 0.7
Given that the test statistic is larger than the critical-t, we reject the null hypothesis and there is enough statistical evidence to suggest that the manufacturer claim is not supported and that the mean is not 4 hours as claimed.