Mrs. Bautista invested Php2700.00 part at 8% and the rest at 11% .How musch did she invest at each rate if her total annual inco
1 answer:
Answer:
The answer to the question is
She invested
Php2700.00 at 8 % and
Php 20,400.00 at 11 %
Step-by-step explanation:
To solve the question we note that
Simple interest is given by where
P= Principal, R = Rate and T = Time
If we call the first part P₁, T₁, and R₁ and the second part
P₂, T₂, and R₂
Then
= 2700×0.08×1 + P₂×0.11×1 = 2460 which gives
2244÷0.11 = P₂ or P₂ = Php 20,400.00
That is she invested
Php2700.00 at 8 % and
Php 20,400.00 at 11 %
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Solution :
We know that
At least one mean is different form the others (claim)
We need to find the critical values.
We know k = 3 , N = 35, α = 0.05
d.f.N = k - 1
= 3 - 1 = 2
d.f.D = N - k
= 35 - 3 = 32
SO the critical value is 3.295
The mean and the variance of each sample :
Goust Jet red Cloudtran
The grand mean or the overall mean is(GM) :
= 52.1714
The variance between the groups
= 63.55714
The Variance within the groups
= 20.93304
The F-test statistics value is :
= 3.036212
Now since the 3.036 < 3.295, we do not reject the null hypothesis.
So there is no sufficient evidence to support the claim that there is a difference among the means.
The ANOVA table is :
Source Sum of squares d.f Mean square F
Between 127.1143 2 63.55714 3.036212
Within 669.8571 32 20.93304
Total 796.9714 34