Answer:
Step-by-step explanation:
Data given and notation
represent the sample mean given
represent the population standard deviation
sample size
represent the value that we want to test
t would represent the statistic (variable of interest)
State the null and alternative hypotheses.
We need to conduct a hypothesis in order to check if the true mean for the gasoline prices is lower than 1.25, the system of hypothesis would be:
Null hypothesis:
Alternative hypothesis:
If we analyze the size for the sample is > 30 but we don't know the population deviation so is better apply a t test to compare the actual mean to the reference value, and the statistic is given by:
(1)
Calculate the statistic
We can replace in formula (1) the info given like this:
Answer:
Because
Step-by-step explanation:
4 4/10 = 4.4 and 32/10 = 3.2
4.4 is bigger than 3.2 so that's why 4 4/10 is bigger.
Answer:
A = $56,740
Step-by-step explanation:
Use the Compound Amount formula A = P(1 + r)^t. Substitute 0.05 for r and $40,000 for P:
A = $40,000(1 + 0.05)^6
A = $56,740.26, or, rounded off to the nearest dollar,
A = $56,740
Answer:
The direct consequences of poverty are well-known — limited access to food, water, health care or education are a few examples. However, the consequences of poor living conditions on the community are seldom discussed; indeed, if members of a community suffer from poor living conditions, then the entire community suffers.
