Answer:
Step-by-step explanation:
a) The objective of the study is test the claim that the average gain in the green fees , lessons or equipment expenditure for participating golf facilities is less than $2,100 under the claim the null and alternative hypothesis are,
H₀ : μ = $2,100
H₀ : μ < $2,100
B) Suppose you selects α = 0.01
The probability that the null hypothesis is rejected when the average gain is $2,100 is 0.01
C) For α = 0.01
specify the rejection region of a large sample test
At the given level of significance 0.01 and the test is left-tailed then rejection level of a large-sample = < - 1.28
Answer:
$110.37
Step-by-step explanation:
Assuming the monthly payment is made at the beginning of the month, the formula for the monthly payment P that gives future value A will be ...
... A = P(1+r/12)((1+r/12)^(nt) -1)/(r/12) . . . . n=compoundings/year, t=years
... 14000 = P(1+.11/12)((1+.11/12)^(12·7) -1)/(.11/12)
... 14000 = P(12.11)((1+.11/12)^84 -1)/0.11 ≈ P·126.84714 . . . . fill in the given values
... P = 14000/126.84714 = 110.37 . . . . . divide by the coefficient of P
They should deposit $110.37 at the beginning of each month.
I forget how to do this. I haven't done this in awhile.
