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simple interest on a certain sum is 16/25 of the sum. Find the rate per cent and time if both are numerically equal.
1 answer:
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Answer: The test statistic is 1.30 and the p-value is 0.1167.
Step-by-step explanation:
A test statistic is a random variable which is calculated from sample data and also used in a hypothesis test. It can also be used to know whether to reject the null hypothesis.
The test statistic is 1.30 and the p-value is 0.1167. The solution is attached below
