The hypothesis test shows that we reject the null hypothesis and there is sufficient evidence to support the claim that the return rate is less than 20%
<h3>What is the claim that the return rate is less than 20% by using a statistical hypothesis method?</h3>
The claim that the return rate is less than 20% is p < 0.2. From the given information, we can compute our null hypothesis and alternative hypothesis as:


Given that:
Sample size (n) = 6965
Sample proportion 
The test statistics for this data can be computed as:



z = -2.73
From the hypothesis testing, since the p < alternative hypothesis, then our test is a left-tailed test(one-tailed.
Hence, the p-value for the test statistics can be computed as:
P-value = P(Z ≤ z)
P-value = P(Z ≤ - 2.73)
By using the Excel function =NORMDIST (-2.73)
P-value = 0.00317
P-value ≅ 0.003
Therefore, we can conclude that since P-value is less than the significance level at ∝ = 0.01, we reject the null hypothesis and there is sufficient evidence to support the claim that the return rate is less than 20%
Learn more about hypothesis testing here:
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Answer:
58 in
Step-by-step explanation:
The fact that the rectangles are congruent means both have a length of 18 in and a width of 11 in. The perimeter is ...
P = 2(L +W)
P = 2(18 in + 11 in) = 2(29 in)
P = 58 in
The perimeter of KHGJ is 58 inches.
Answer:
$1545.65.
Step-by-step explanation:
We have been given that Victor has a credit card with an APR of 13.66%, compounded monthly. He currently owes a balance of $1,349.34.
To solve our given problem we will use compound interest formula.
, where,
A = Final amount after t years,
P = Principal amount,
r = Interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.
Let us convert our given interest rate in decimal form. 
Upon substituting our given values in compound interest formula we will get,




≈ $
Therefore, Victor will owe an amount of $1545.65 after one year.
Answer:
13
Step-by-step explanation:
Purchase 2 upper deck tickets:

You can then buy 13 right field bleacher tickets before you reach deficit:

Because you cannot purchase a .583 of a ticket, the most you can buy is 13.