hope it helps..explanation..
Answer:
We should invest in 7.74% compounded daily as it yields a higher return.
The total investment after 10 years is $10,841.22.
Step-by-step explanation:
<u>a.) at 7.74% compounded daily</u>
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I assumed there are 365 days in a year.
<u>b</u><u>.</u><u>)</u><u> </u><u>a</u><u>t</u><u> </u><u>7</u><u>.</u><u>8</u><u>%</u><u> </u><u>c</u><u>o</u><u>m</u><u>p</u><u>o</u><u>u</u><u>n</u><u>d</u><u>e</u><u>d</u><u> </u><u>q</u><u>u</u><u>a</u><u>r</u><u>t</u><u>e</u><u>r</u><u>l</u><u>y</u>
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Answer:
Step-by-step explanation:
Given that the mean salary for a new teacher in your town is $48,000
You believe it is higher for new teachers in a neighboring town.
So to prove or disprove your claim you have to show statistical evidence.
For that hypothesis testing is necessary.
You must conduct a hypothesis test for comparing the mean of salary of new teacher with neighbouring places
The hypotheses wouldbe

where mu is the average for neighbouring states.
Step-by-step explanation:
Ryan had a head start of 10 meters.