Return rate, r = 3% = 0.03
x = initial investment
b = final balance
After 1 year, the balance i
b = initial investment + interest
b = x + r*x = (1 + r)*x
Because r = 0.03,
b = 1.03x (after 1 year)
Answer:
An airline claims that the no-show rate for passengers is less than 5%. In a sample of 420 randomly selected reservations, 19 were no-shows. At α=0.01, test the airline's claim. State the sample percentage and round it to three decimal places.
State the hypotheses.
State the critical value(s).
State the test statistics.
State the decision
State the conclusion.
Answer:
Th computed value of the test statistic is 3.597
Step-by-step explanation:
The null and the alternative hypothesis is as follows:
Null Hypothesis:
the population correlation coefficient is equal to zero
the population correlation coefficient is not equal to zero
The test statistics for Pearson correlation coefficient is thus computed as :
where;
r = correlation coefficient = 0.60
n = sample size = 25
So;
t = 3.597
Comparing to a critical value of t (23 degrees of freedom two-tailed value) = 2.069
Decision Rule:
Since computed value of t is greater than the critical value of t; We reject the null hypothesis and accept the alternative hypothesis.
Conclusion:
We conclude that the population correlation coefficient significantly differs from 0 at 5% (0.05) level of significance.
For example, for LCM (12,30) we find:
Using the set of prime numbers from each set with the highest exponent value we take 22 * 31 * 51 = 60. Therefore LCM (12,30) = 60.
Answer:
3(4x+3) or 12x + 9
Step-by-step explanation:
