Answer:
The value of the test statistic is
Step-by-step explanation:
The null hypothesis is:
The alternate hypotesis is:
Our test statistic is:
In which X is the sample mean, is the value tested at the null hypothesis,
is the standard deviation and n is the size of the sample.
In this problem, we have that:
Then
The value of the test statistic is
Answer:
The value of first coin will be $151.51 more than second coin in 15 years.
Step-by-step explanation:
You have just purchased two coins at a price of $670 each.
You believe that first coin's value will increase at a rate of 7.1% and second coin's value 6.5% per year.
We have to calculate the first coin's value after 15 years by using the formula
Where A = Future value
P = Present value
r = rate of interest
n = time in years
Now we put the values
A = (670)(2.797964)
A = 1874.635622 ≈ $1874.64
Now we will calculate the value of second coin.
A = 670 × 2.571841
A = $1723.13
The difference of the value after 15 years = 1874.64 - 1723.13 = $151.51
The value of first coin will be $151.51 more than second coin in 15 years.
Answer:
Step-by-step explanation:
<u><em>The complete question is</em></u>
A chef bought $17.01 worth of ribs and chicken. Ribs cost 1.89 per pound and chicken costs 0.90 per pound. The equation 0.90 +1.89r = 17.01 represents the relationship between the quantities in this situation.
Show that each of the following equations is equivalent to 0.9c + 1.89r = 17.01.
Then, explain when it might be helpful to write the equation in these forms.
a. c=18.9-2.1r. b. r= -10÷2c+9
we have that
The linear equation in standard form is
where
c is the pounds of chicken
r is the pounds of ribs
step 1
Solve the equation for c
That means ----> isolate the variable c
Subtract 1.89r both sides
Divide by 0.90 both sides
Simplify
step 2
Solve the equation for r
That means ----> isolate the variable r
Subtract 0.90c both sides
Divide by 1.89 both sides
Simplify
therefore
The equation is equivalent
The equation is helpful, because if I want to know the number of pounds of chicken, I just need to substitute the number of pounds of ribs in the equation to get the result.