He will have 30 % in 2 years which is 30.00 dollars
Answer:
We fail to reject H0; Hence, we conclude that there is no significant evidence that the mean amount of water per gallon is different from 1.0 gallon
Pvalue = - 2
(0.98626 ; 1.00174)
Since, 1.0 exist within the confidence interval, then we can conclude that mean amount of water per gallon is 1.0 gallon.
Step-by-step explanation:
H0 : μ= 1
H1 : μ < 1
The test statistic :
(xbar - μ) / (s / sqrt(n))
(0.994 - 1) / (0.03/sqrt(100))
-0.006 / 0.003
= - 2
The Pvalue :
Pvalue form Test statistic :
P(Z < - 2) = 0.02275
At α = 0.01
Pvalue > 0.01 ; Hence, we fail to reject H0.
The confidence interval :
Xbar ± Margin of error
Margin of Error = Zcritical * s/sqrt(n)
Zcritical at 99% confidence level = 2.58
Margin of Error = 2.58 * 0.03/sqrt(100) = 0.00774
Confidence interval :
0.994 ± 0.00774
Lower boundary = (0.994 - 0.00774) = 0.98626
Upper boundary = (0.994 + 0.00774) = 1.00174
(0.98626 ; 1.00174)
Answer:
0.5 cents per pound.
4.50/9 = 0.5
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Answer:
Step-by-step explanation:
