Answers and Step-by-step explanation:
Hypotheses are:
H o=19.8
H 1 ≠19.8
Here we have following information:
s=2.45, X bar=20.1, n=50
So test statistics will be
t=20.1-19.8/(2.45/
=0.87
Degree of freedom : d f = n - 1 = 50 - 1 =49
Test is two tailed so critical value of the test is -1.30 and 1.30.
Rejection region:
if t < -1.30 and t > 1.30, reject H o
Since test statistics lie in the rejection region so we fail to reject the null hypothesis.
(b)
The observed significance of the test is
P value =0.3885
(c)
Since p value is greater than 0.20 so we fail to reject the null hypothesis.
Your interest formula is given to you.
Interest in a year = principal (the amount invested) * rate (the interest rate) * period (the time you're measuring)
Interest = 55,000 * 2% * 1 year = 55,000 * 0.02 * 1 = $1,100
How much would you need to have made for your spending power to keep with inflation? Your interest rate would have needed to match the inflation rate, otherwise prices are going up faster than you're saving.
Required interest = 55,000 * 3.24% * 1 year = 55,000 * 0.0324 * 1 = $1,782
How much buying power did you lose? The difference between your required interest and your actual interest.
Buying power lost = 1,782 - 1,100 = $682. You lost this much in buying power.
Hope that helped :)
Answer:
17.7 as the actual gas mileage recorded is 12 mpg.
Step-by-step explanation:
Answer:
Step-by-step explanation:
0.25 x 0.044 = 0.011
a. Changing 0.25 to 25 moves the decimal 2 places to the right, and changing 0.044 to 44 moves the decimal 3 places to the right, so once we solve 25 x 44, we have to move the decimal a total of 5 places to the left.
25 x 44 = 1100, then move the decimal 5 places to the left to get 0.01100...but we don't add the zeros at the end.
b. multiplying 1/4 times 0.044 = 0.044/4 = 0.011
Hope this helps.
Answer:
1/625 or 0.0016
Step-by-step explanation:
