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Gnesinka [82]
4 years ago
14

The Gross National Product (GNP) is the value of all the goods and services produced in an economy, plus the value of the goods

and services imported, less the goods and services exported. During the period 1994-2004, the GNP of Canada grew about 4.8% per year, measured in 2003 dollars. In 1994, the GNP was $5.9 billion.
Assuming this rate of growth continues, what will the GNP of Canada be (in billions) in the year 2020?

A. $1.64
B. $11.43
C. $19.96
D. $20.92
Mathematics
1 answer:
bearhunter [10]4 years ago
3 0

Answer:

  C. $19.96

Step-by-step explanation:

The growth factor for one year is 1+4.8% = 1.048. Then in 26 years, the growth factor is modeled to be 1.048^26 ≈ 3.3837.

  3.3837·$5.9 billion = $19.96 billion

__

Measured in 2003 dollars.

_____

<em>Comment on the problem statement</em>

We believe the problem statement has imports and exports reversed. Exports are produced in Canada, so are included in their GNP. Imports are deducted from the GNP.

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A recent study focused on the number of times men and women who live alone buy take-out dinner in a month. Assume that the distr
Marianna [84]

Answer:

(a) Decision rule for 0.01 significance level is that we will reject our null hypothesis if the test statistics does not lie between t = -2.651 and t = 2.651.

(b) The value of t test statistics is 1.890.

(c) We conclude that there is no difference in the mean number of times men and women order take-out dinners in a month.

(d) P-value of the test statistics is 0.0662.

Step-by-step explanation:

We are given that a recent study focused on the number of times men and women who live alone buy take-out dinner in a month.

Also, following information is given below;

Statistic : Men      Women

The sample mean : 24.51      22.69

Sample standard deviation : 4.48    3.86

Sample size : 35    40

<em>Let </em>\mu_1<em> = mean number of times men order take-out dinners in a month.</em>

<em />\mu_2<em> = mean number of times women order take-out dinners in a month</em>

(a) So, Null Hypothesis, H_0 : \mu_1-\mu_2 = 0     {means that there is no difference in the mean number of times men and women order take-out dinners in a month}

Alternate Hypothesis, H_A : \mu_1-\mu_2\neq 0     {means that there is difference in the mean number of times men and women order take-out dinners in a month}

The test statistics that would be used here <u>Two-sample t test statistics</u> as we don't know about the population standard deviation;

                      T.S. =  \frac{(\bar X_1-\bar X_2)-(\mu_1-\mu_2)}{s_p \sqrt{\frac{1}{n_1}+\frac{1}{n_2}  } }  ~ t__n_1_-_n_2_-_2

where, \bar X_1 = sample mean for men = 24.51

\bar X_2 = sample mean for women = 22.69

s_1 = sample standard deviation for men = 4.48

s_2 = sample standard deviation for women = 3.86

n_1 = sample of men = 35

n_2 = sample of women = 40

Also,  s_p=\sqrt{\frac{(n_1-1)s_1^{2}+(n_2-1)s_2^{2}  }{n_1+n_2-2} }  =  \sqrt{\frac{(35-1)\times 4.48^{2}+(40-1)\times 3.86^{2}  }{35+40-2} } = 4.16

So, <u>test statistics</u>  =  \frac{(24.51-22.69)-(0)}{4.16 \sqrt{\frac{1}{35}+\frac{1}{40}  } }  ~ t_7_3

                              =  1.890

(b) The value of t test statistics is 1.890.

(c) Now, at 0.01 significance level the t table gives critical values of -2.651 and 2.651 at 73 degree of freedom for two-tailed test.

Since our test statistics lies within the range of critical values of t, so we have insufficient evidence to reject our null hypothesis as it will not fall in the rejection region due to which <u>we fail to reject our null hypothesis</u>.

Therefore, we conclude that there is no difference in the mean number of times men and women order take-out dinners in a month.

(d) Now, the P-value of the test statistics is given by;

                     P-value = P( t_7_3 > 1.89) = 0.0331

So, P-value for two tailed test is = 2 \times 0.0331 = <u>0.0662</u>

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Answer:

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\bf \qquad \qquad \textit{sum of a finite geometric sequence} \\\\ S_n=\displaystyle\sum \limits_{i=1}^{n}\ a_1\cdot r^{i-1}\implies S_n=a_1\left( \cfrac{1-r^n}{1-r} \right)\quad \begin{cases} n=n^{th}\ term\\ a_1=\textit{first term's value}\\ r=\textit{common ratio} \end{cases} \\\\[-0.35em] ~\dotfill

\bf S_{20}=\displaystyle\sum \limits_{n=1}^{\stackrel{\stackrel{n}{\downarrow }}{20}}~\stackrel{\stackrel{a_1}{\downarrow }}{3}(\stackrel{\stackrel{r}{\downarrow }}{1.5})^{n-1}\implies S_{20}=3\left(\cfrac{1-1.5^{20}}{1-1.5} \right)\implies S_{20}=3\left(\cfrac{1-\stackrel{\approx}{3325.3}}{-0.5} \right) \\\\\\ S_{20}=3\left(\cfrac{-3324.3}{-0.5} \right)\implies S_{20}=3(6648.6)\implies S_{20}=19945.8

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Answer:

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Step-by-step explanation:

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