Dwight deposits $150 into his new savings account. The account earns 5% interest compounded annually.
1 answer:
Answer:
Step-by-step explanation:
we know that
The compound interest formula for this problem is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods in years
in this problem we have
substitute in the formula above
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Given:
Vertex ===> (h, k) (2, 4)
The parabola passes through the point: (x, y) ==> (3, 6)
Let's find the equation of a parabola.
To find the equation, use the general equation of a parabola with vertex (h, k):
Where:
(h, k) ==> (2, 4)
(x, y) ==> (3, 6)
Substitute values into the general equation:
Subtract 4 from both sides:
Substitute 2 for a, and input the values of the vertex (h, k) in the general vertex equation:
Therefore, the equation of the parabola is:
ANSWER:
The valid conclusions for the manager based on the considered test is given by: Option
<h3>When do we perform one sample z-test?</h3>One sample z-test is performed if the sample size is large enough (n > 30) and we want to know if the sample comes from the specific population.
For this case, we're specified that:
- Population mean =
= $150
- Population standard deviation =
= $30.20
- Sample mean =
= $160
- Sample size = n = 40 > 30
- Level of significance =
= 2.5% = 0.025
- We want to determine if the average customer spends more in his store than the national average.
Forming hypotheses:
- Null Hypothesis: Nullifies what we're trying to determine. Assumes that the average customer doesn't spend more in the store than the national average. Symbolically, we get:
- Alternate hypothesis: Assumes that customer spends more in his store than the national average. Symbolically
where is the hypothesized population mean of the money his customer spends in his store.
The z-test statistic we get is:
The test is single tailed, (right tailed).
The critical value of z at level of significance 0.025 is 1.96
Since we've got 2.904 > 1.96, so we reject the null hypothesis.
(as for right tailed test, we reject null hypothesis if the test statistic is > critical value).
Thus, we accept the alternate hypothesis that customer spends more in his store than the national average.
Learn more about one-sample z-test here: