Answer:
260
Step-by-step explanation:
The general Formula for a decreasing Annuity is:
For this example we have:
P = 78,000
n = 7*4 = 28
i = 8%/4 = 2% = 0.02
After substituting you can find value for R, rent.
Answer:
4096.50, 4,096.50, $4,096.50, or $4096.5
Step-by-step explanation:
Answer:
Yes
We fail to reject the alternative hypothesis Hₐ < 30, that is the average age of students is less than 30
Step-by-step explanation:
Yes because, there is an average age of a sample which can be tested against a null hypotheses
We put
Null hypothesis as H₀ = 30
The alternative hypothesis as Hₐ < 30
We have
With
= 29
μ = 30
σ = 5.2
n = 65
α = 10%
We have
Here we have z = -1.55 and critical z = -1.28
Which gives a critical of 29.83 with the probability P = 0.061 < 0.1 Hence we reject the null hypothesis as there is sufficient evidence to suggest that the average age is less than 30 years.