Jennifer has a bag of chips that contains 2 red chips and 1 black chip. If she also had a fair die, what is the probability that
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Answer:
The p-value of the test is 0 < 0.05, which means that there is significant evidence to conclude that more people utilize the bike lane after the change.
Step-by-step explanation:
Before the upgrade, on any given day, it was known that the section of road saw an average of 350 unique cyclists. Test if more people are using now.
At the null hypothesis, we test if the same number of people is still using, that is, the mean is 350. So
At the alternate hypothesis, we test if this mean increased, that is:
The test statistic is:
In which X is the sample mean, is the value tested at the null hypothesis, s is the standard deviation of the sample and n is the size of the sample.
350 is tested at the null hypothesis:
This means that
After the upgrade, they took a random sample of 35 days in the year and counted the number of unique cyclists each day. The average was 405 cyclists with a standard deviation of 25.
This means that .
Test statistic:
P-value of the test and decision:
The p-value of the test is the probability of finding a sample mean above 405, which is a right-tailed test with t = 13.02 and 35 - 1 = 34 degrees of freedom.
Using a t-distribution calculator, this probability is of 0.
The p-value of the test is 0 < 0.05, which means that there is significant evidence to conclude that more people utilize the bike lane after the change.
Monthly installment payment is $597 .Total payments is $28,649
Step-by-step explanation:
Down payment = $29,000×7 ÷100= $2,030
Loan amount = $29,000 - 2,030 = $26,970
Interest rate = 2.99%
Repayment period = 48 months (4 years)
simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods.
= 26,970 (1+0.0299) × 4) +p =$28,648.51
Monthly payment = $596.84 (or) $597 (rounded off)
Total payments is $28,649