Answer:
Since the calculated values is lower than the critical value we have enough evidence to reject the null hypothesis at the significance level of 2.5% and we can say that the true mean is lower than 36 years old
Step-by-step explanation:
Data given
represent the sample mean
represent the sample standard deviation
sample size
represent the value that we want to test
represent the significance level for the hypothesis test.
t would represent the statistic (variable of interest)
represent the p value for the test (variable of interest)
System of hypothesis
We need to conduct a hypothesis in order to check if the true mean is less than 36 years old, the system of hypothesis would be:
Null hypothesis:
Alternative hypothesis:
The statistic is given by:
(1)
And replacing we got:
Now we can calculate the critical value but first we need to find the degreed of freedom:
So we need to find a critical value in the t distribution with df =21 who accumulates 0.025 of the area in the left and we got:
Since the calculated values is lower than the critical value we have enough evidence to reject the null hypothesis at the significance level of 2.5% and we can say that the true mean is lower than 36 years old
Answer:
Step-by-step explanation:
An equation in the vertex form is written as
Where the point (h, k) is the vertex of the equation.
For an equation in the form 
the x coordinate of the vertex is defined as
In this case we have the equation 
.
Where
Then the x coordinate of the vertex is:
The y coordinate of the vertex is replacing the value of 
in the function
Then the vertex is:
Therefore The encuacion excrita in the form of vertice is:
To find the coefficient a we substitute a point that belongs to the function
The point (0, -1) belongs to the function. Thus.
<em>Then the written function in the form of vertice is</em>
Given the formula for future value annuity:
FV of annuity=P[(1+r)^n-1]/r
where:
P=principle
r=rate
n=time
the time taken to repay the loan will be:
1500=90[(1+0.06)^n-1]/0.06
90=90[(1+0.06)^n-1]
1=(1+0.06)^n-1
1+1=(1+0.06)^n
2=1.06^n
introduce natural log
ln2=nln1.06
n=ln2/ln1.06
n=11.8957=12 years
the answer is 12 years.
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