The inerest that Gary will receive semiannually on the bond he bought is $390.
<h3>What is the interest?</h3>
Interest is the regular payment a bondholder would receive during the live of the bond. When the interest is received semiannually, it means the bondholder is paid twice a month.
Interest = face value x (coupon rate / 2)
(6.5 / 2) x $12000= $390
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Pretty sure it would be 91
Well, a way to do this problem would be to find the set of numbers that all of rational square roots. A list of perfect squares would be 1^2=1, 2^2=4, 3^2=9, 4^2=16, 5^2=25, 6^2=36, 7^2=49, 8^2=64, 9^2=81, 10^2=100.
Answer:
Step-by-step explanation:
Given that :
population mean μ = 120
sample size n = 37
sample mean x = 111
standard deviation = 21
The null hypothesis and the alternative hypothesis can be computed as:
The null hypothesis:
The alternative hypothesis:
Since this test is two-tailed, the value for the test statistics can be computed as:
z = -2.605
z = -2.61
Since this is a two-tailed test
P-value = 2(z < -2.61)
From the z table;
P-value = 2(0.0045)
P -value = 0.009
Decision rule: To reject the null hypothesis if the p-value is lesser than the level of significance
Conclusion: We reject the null hypothesis since the p-value is lesser than the level of significance. Thus, there is sufficient evidence to conclude that the average breaking distance differs from 120 feet.