Answer:
Step-by-step explanation:
Let P denotes principal amount, T denotes time period and R denotes rate of interest.
Amount =
Amir pits £3035 into a bank account. The account pays 4% compound interest each year.
Put
Amount =
Therefore, Amir will have in the account after 6 years.
Answer:
Test statistic (t-value) of this one-mean hypothesis test is -2.422.
Step-by-step explanation:
We are given that according to a survey, the average American person watches TV for 3 hours per week. She surveys 19 New Yorkers randomly and asks them about their amount of TV each week, on average. From the data, the sample mean time is 2.5 hours per week, and the sample standard deviation (s) is 0.9 hours.
We have to test if the amount of TV in New York City is less than the national average.
Let Null Hypothesis, :
3 {means that the amount of TV in New York City is less than the national average}
Alternate Hypothesis, :
> 3 {means that the amount of TV in New York City is more than the national average}
The test statistics that will be used here is One-sample t-test statistics;
T.S. = ~
where, = sample mean time = 2.5 hours per week
= sample standard deviation = 0.09 hours
n = sample size = 19
So, <u>test statistics</u> = ~
= -2.422
Therefore, the test statistic (t-value) of this one-mean hypothesis test (with σ unknown) is -2.422.