The college has 700 students, and has issued student 388 parking permits. What is the percentage of students with parking permit
2 answers:
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Answer:
$19,747.96
Step-by-step explanation:
You are going to want to use the continuous compound interest formula, which is shown below:
<em>A = total</em>
<em>P = principal amount</em>
<em>r = interest rate (decimal)</em>
<em>t = time (years)</em>
<em />
First, lets change 5.5% into a decimal:
5.5% -> -> 0.055
Next, plug in the values into the equation:
After 5 years, you will have $19,747.96
Answer:
The value of test statistics is 1.06.
Step-by-step explanation:
We are given that according to a marketing research study, American teenagers watched 14.8 hours of social media posts per month last year, on average. A random sample of 11 American teenagers was surveyed and the mean amount of time per month each teenager watched social media posts was 15.6. This data has a sample standard deviation of 2.5.
We have to test if the mean amount of time American teenagers watch social media posts per month is greater than the mean amount of time last year or not.
Let, NULL HYPOTHESIS, :
= 14.8 hours {means that the mean amount of time American teenagers watch social media posts per month is same as the mean amount of time last year}
ALTERNATE HYPOTHESIS, :
> 14.8 hours {means that the mean amount of time American teenagers watch social media posts per month is greater than the mean amount of time last year}
The test statistics that will be used here is One-sample t-test;
T.S. = ~
where, = sample mean amount of time per month each teenager watched social media posts = 15.6 hours
= sample standard deviation = 2.5 hours
n = sample of teenagers = 11
So, <u>test statistics</u> = ~
= 1.06
Hence, the value of test statistics is 1.06.