Malaya thinks of two different plans she could use to save money in a bank account. The tables show the account balances for eac
h plan.
If the pattern for each plan stays the same, and Malaya neither earns interest nor withdraws any of the money from the account, how would the balances of the plans compare after a long time?
PLEASE HELP ME ASAP
If the pattern for each plan stays the same, and Malaya neither earns interest nor withdraws any of the money from the account, how would the balances of the plans compare after a long time?
PLEASE HELP ME ASAP
1 answer:
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Answer:
The conclusion is that the researcher was correct
Step-by-step explanation:
From the question we are told that
The sample size is
The sample mean is
The standard deviation is
The significance level is
The Null Hypothesis is
The Alternative Hypothesis is
The test statistic is mathematically represented as
Substituting values
Now the critical value for is
This obtained from the critical value table
So comparing the critical value of alpha and the test value we see that the test value is less than the critical value so the Null Hypothesis is rejected
The conclusion is that the researcher was correct