Plz help i realy need it im gonna fail if i dont get this
1 answer:
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The money in the Felix's account will be $6798 when he is 21.
<u>Step-by-step explanation:</u>
It is given that,
- The amount deposited is $2000.
- The account earns 6% compound interest.
- It is compounded annually for 21 years.
<u>To find the money in Felix's account after 21 years :</u>
The formula used here is,
⇒
where A is the amount after 21 years.
- P is the initial amount deposited ⇒ P = 2000
- r is the rate ⇒ r = 0.06
- n is the number of times interest is compounded per year⇒ n = 1
- t is the time period ⇒ t = 21
⇒
⇒
⇒
⇒
Therefore, The money in the Felix's account will be $6798 when he is 21.
Answer:
The test statistic value is 1.474.
Step-by-step explanation:
In this case we need to determine whether the plant is making a higher than expected number of irregular t-shirts.
If more than 8% of the t-shirts manufactured at a plant are classified as irregular, the manager has to do an investigation to try to find the source of the increased mistakes in the manufacturing process..
The hypothesis for this test can be defined as follows:
<em>H₀</em>: The proportion of irregular t-shirts is 8%, i.e. <em>p</em> = 0.08.
<em>Hₐ</em>: The proportion of irregular t-shirts is more than 8%, i.e. <em>p</em> > 0.08.
The information provided is:
<em>n</em> = 100
<em>X</em> = number of irregular t-shirts = 12
Compute the sample proportion as follows:
Compute the test statistic as follows:
Thus, the test statistic value is 1.474.