If the p-value is greater than the level of significance (alpha), then you fail to reject the null hypothesis (H0). This is like saying we don't have enough evidence to reject the null hypothesis so we effectively accept it for now.
Answer is choice B) fail to reject the null hypothesis
The second option has a lower amount of interest paid.
In order to determine the loan option that minimizes loan payment, the future value of both loan options has to be determined.
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
<em><u>First loan option </u></em>
65000( 1 + 0.063/12)^300 = 312,707.21
<em><u>Second loan option </u></em>
65000( 1 + 0.048/12)^240 = 169,435.51
A similar question was answered here: brainly.com/question/23082103
"You can divide to find the number of minivans. There are different ways to interpret the remainder of a problem. *Answer where you add 1 to the quotient."
(3/4)x+(3/2)x=9/4
(3/4)x+(3.2/2.2)x=9/4
(3/4)x+(6/4)x=9/4
3x+6x=9
9x=9
x=1
<span>Hint: let w=speed of wind in mph. Then 2/(20-w)=3/(20+w). Cross multiply and solve for w.</span>
