Cost = (3,500) * (1.04)^years
Cost = (3,500) * (1.04)^4
<span><span><span>Cost = (3,500) * 1.16985856
</span>
</span>
</span>
<span><span>Cost = </span>4,094.50</span>
First, we calculated the discounted price which would have been paid by Keith. That is the product of 85% and $36,000.
($36,000) x (85%) = $30,600
Then, after negotiating to pay 9% off the sale price, he will only need to pay 91% of the sale price. The new price would be,
($30600) x (0.91) = $27846
Thus, Keith will only need to pay $27,846.
Answer:
C) There is not sufficient evidence to support the claim that the mean attendance is greater than 523.
Step-by-step explanation:
Let μ be the the average attendance at games of the football team
The claim: the average attendance at games is over 523
Null and alternative hypotheses are:
: μ=523
: μ>523
The conclusion is failure to reject the null hypothesis.
This means that <em>test statistic</em> is lower than <em>critical value</em>. Therefore it is not significant, there is no significant evidence to accept the <em>alternative</em> hypothesis.
That is no significant evidence that the average attendance at games of the football team is greater than 523.