There are a lot of ways to test for an hypothesis. There are known five steps of a test of hypothesis through the use of the critical value approach. They are;
- One has to Specify the Null Hypothesis.
- You have to also specify the Alternative Hypothesis.
- Then you set the Significance Level.
- Calculate the Test Statistic and Corresponding P-Value.
- Lastly, Draw a Conclusion.
<h3> The critical value approach?
</h3>
- This is known as a method that involves the determining of the "likelihood" or "unlikelihood" by knowing if or not the observed test statistic is said to be of a more extreme measure than would be expected if the null hypothesis were true.
It often uses the sample data and then there is an assumption if the null hypothesis is true before one can calculate the value of the test statistic.
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D. where is liquid water found in our solar system I think is the correct answer
The probability would be 1/36
The real return is the difference between the nominal and actual rate of inflation. Therefore, the real return revived by Luigi will be 6%.
<u>Given</u><u> </u><u>the</u><u> </u><u>Parameters</u><u> </u><u>:</u>
- <em>Nominal rate = 7% </em>
- <em>Actual rate of inflation = 1%</em>
<em>Real return = Nominal rate - Actual rate of return </em>
Real Return = 7% - 1% = 6%
Therefore, the real return on Luigi's money would be 6%
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Answer:
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Explanation:
