Suppose that your test statistic is t(99 ) = -2.8888. Round the test statistic to two places after the decimal point.
1 answer:
Answer:
t(99)= -2.89
Step-by-step explanation:
-To places after the decimal point is equivalent to rounding off to the nearest hundredth.
-To round off to the nearest hundredth, we check the thousandths digit:
- If the thousandths digit is less than5, we round down to the previous hundredth.
- If the thousandths digit is greater than 4, we round up to the next hundredth:
Hence,
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The nominal rate to plug in will be 0.085.
Given to us, the nominal rate is 8.5%,
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The equation can be simple interest or compound interest in both cases the value of the nominal rate to the plugin will be the same.
Thus, the nominal rate is 8.5% can be written as
Hence, the nominal rate to plug in will be 0.085.
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