Answer:
- $8000 at 1%
- $2000 at 10%
Step-by-step explanation:
It often works well to let a variable represent the amount invested at the higher rate. Then an equation can be written relating amounts invested to the total interest earned.
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<h3>setup</h3>
Let x represent the amount invested at 10%. Then 10000-x is the amount invested at 1%. The total interest earned is ...
0.10x +0.01(10000 -x) = 280
<h3>solution</h3>
Simplifying gives ...
0.09x +100 = 280
0.09x = 180 . . . . . . . subtract 100
x = 2000 . . . . . . divide by 0.09
10000 -x = 8000 . . . . amount invested at 1%
<h3>1.</h3>
$8000 should be invested in the 1% account
<h3>2.</h3>
$2000 should be invested in the 10% account
Answer:
Step-by-step explanation:
The slope of a line given two points can be found by using the formula
From the question we have
We have the final answer as
Hope this helps you
Complete question :
According to the National Beer Wholesalers Association, U.S. consumers 21 years and older consumed 26.9 gallons of beer and cider per person during 2017. A distributor in Milwaukee believes that beer and cider consumption are higher in that city. A sample of consumers 21 years and older in Milwaukee will be taken, and the sample mean 2017 beer and cider consumption will be used to test the following null and alternative hypotheses:
H, :μ< 26.9
Ha : μ> 26.9
a. Assume the sample data led to rejection of the null hypothesis. What would be your conclusion about consumption of beer and cider in Milwaukee?
b. What is the Type I error in this situation? What are the consequences of making this error?
c. What is the Type II error in this situation? What are the consequences of making this error?
Answer:
Kindly check explanation
Step-by-step explanation:
Given the null and alternative hypothesis :
H0 :μ< 26.9
Ha : μ> 26.9
Assume the Null hypothesis is rejected ;
We conclude that there is significant evidence that the mean consumption of beer and cider is higher in the city (more than 26.9 gallons).
B.) Type 1 error is committed when the Null hypothesis is incorrectly rejected.
C.) Type 2 error is committed when we fail to reject a false null hypothesis. In this scenario, we fail to conclude that the average consumption of beer and cider is more than 26.9 gallons per person.
-10-20d that’s the answer
