If a person needs to have $1,000,000 for retirement in 25 years. How much would they have to invest today at 10% to achieve $1 m
1 answer:
You might be interested in
Answer:
Step-by-step explanation:
Let denotes the average braking distance for a population of small car.
Given : It is advertised that the average braking distance for a small car traveling at 65 miles per hour equals 120 feet.
i.e.
Objective of test : Whether the statement made in the advertisement is false
i.e.
Since '=' signs is contained by Null hypothesis and alternative hypothesis is against it.
So the null and the alternative hypotheses for the test will be: