A toy manufacturer claims that the mean time that its top-selling toy captures children's attention is at least 45 minutes. Supp
1 answer:
Answer:
Step-by-step explanation:
Since we have given that
A toy manufacturer claims that the mean time that its top-selling toy captures children's attention is at least 45 minutes.
Since we need to carry out a hypothesis test whether he can refute the claim.
We always take the alternate hypothesis such that it should satisfy the given statement.
And the null hypothesis can be equal to mean or other than that is given in alternate hypothesis.
So, hypothesis :
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John's payments are
month 1: $100
month 2: $100*(1.1)
month 3: $100*(1.1)²
month 4: $100*(1.1)³
...
The payments form the geometric sequence
a, ar, ar², ..., arⁿ
where
a = $100
r = 1.1
The sum of the first n terms is
Therefore the sum of the first 20 payments is
S₂₀ = [$100(1 - 1.1²⁰)]/(1 - 1.1)
= $5727.50
John makes a total of $5727.50 in the first 20 payments.
month 1: $100
month 2: $100*(1.1)
month 3: $100*(1.1)²
month 4: $100*(1.1)³
...
The payments form the geometric sequence
a, ar, ar², ..., arⁿ
where
a = $100
r = 1.1
The sum of the first n terms is
Therefore the sum of the first 20 payments is
S₂₀ = [$100(1 - 1.1²⁰)]/(1 - 1.1)
= $5727.50
John makes a total of $5727.50 in the first 20 payments.