Answer:
FV= $634.12
Step-by-step explanation:
Giving the following formula:
Initial investment (PV)= $500
Number of periods (n)= 3*4= 12 quarters
Interest rate (i)= 0.08/4= 0.02
<u>To calculate the future value, we need to use the following formula:</u>
<u></u>
FV= PV* (1 + i)^n
FV= 500*(1.02^12)
FV= $634.12
Answer:
3 2/3
Step-by-step explanation:
To do this question, you would need to multiply 7 1/3 with 1/2. The answer is 3 2/3.
Answer:
Step-by-step explanation:
Corresponding gasoline consumption when radial tires is used and gasoline consumption when regular belted tires is used form matched pairs.
The data for the test are the differences between the gasoline consumption when radial tires is used and gasoline consumption when regular belted tires is used.
μd = the gasoline consumption when radial tires is used minus the gasoline consumption when regular belted tires is used.
For the null hypothesis
H0: μd ≥ 0
For the alternative hypothesis
H1: μd < 0
The resulting p-value was .0152.
Since alpha, 0.05 > than the p value, 0.0152, then we would reject the null hypothesis. Therefore, at 5% significance level, we can conclude that the gasoline consumption when regular belted tires is used is higher than the gasoline consumption when radial tires is used.
