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statuscvo [17]
2 years ago
13

What is the final amount if 660 is increased by 1% followed by a further 1% increase? Give your answer rounded to 2 DP.

Mathematics
1 answer:
Delvig [45]2 years ago
3 0

Answer:

$673.27

Step-by-step explanation:

Initial amount = $660

1% Increase = $660*(1+1%)

1% Increase = $660+$6.6

1% Increase = $666.6

Further 1% Increase = $666.6*(1+1%)

Further 1% Increase = $666.6 + $6.666

Further 1% Increase = $673.266

Further 1% Increase = $673.27

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write the equation in slope-intercept form of the line that has a slope of -3 and contains the point (4, -5).
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You can answer this question by plugging the given values into point-slope form, which is y - y_{1} = m (x - x_{1}). M will represent slope and x_{1} and y_{1} will represent the x and y coordinates.

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The paint used to make lines on roads must reflect enough light to be clearly visible at night. Let µ denote the true average re
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Answer:

a) df=n-1=16-1=15

The statistic calculated is given by t=3.3  

Since is a one-side upper test the p value would be:      

p_v =P(t_{15}>3.3)=0.0024  

So since the p value is lower than the significance level pv we reject the null hypothesis.

b) df=n-1=8-1=7

The statistic calculated is given by t=1.8  

Since is a one-side upper test the p value would be:      

p_v =P(t_{7}>1.8)=0.057  

So since the p value is higher than the significance level pv>\alpha we FAIL to reject the null hypothesis.

c) df=n-1=26-1=25

The statistic calculated is given by t=-0.6  

Since is a one-side upper test the p value would be:      

p_v =P(t_{25}>-0.6)=0.723  

So since the p value is higher than the significance level pv>\alpha we FAIL to reject the null hypothesis.

Step-by-step explanation:

1) Data given and notation      

\bar X represent the sample mean

s represent the standard deviation for the sample

n sample size      

\mu_o =20 represent the value that we want to test    

\alpha represent the significance level for the hypothesis test.    

t would represent the statistic (variable of interest)      

p_v represent the p value for the test (variable of interest)  

State the null and alternative hypotheses.      

We need to conduct a hypothesis in order to determine if the true mean is higher than 20, the system of hypothesis would be:      

Null hypothesis:\mu \leq 20      

Alternative hypothesis:\mu > 20      

We don't know the population deviation, so for this case is better apply a t test to compare the actual mean to the reference value, and the statistic is given by:      

t=\frac{\bar X-\mu_o}{\frac{s}{\sqrt{n}}} (1)      

t-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".  

(a) n = 16, t = 3.3, a = 0.05, P-value =

First we need to calculate the degrees of freedom given by:  

df=n-1=16-1=15

The statistic calculated is given by t=3.3  

Since is a one-side upper test the p value would be:      

p_v =P(t_{15}>3.3)=0.0024  

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(b) n = 8, t = 1.8, a = 0.01, P-value =

First we need to calculate the degrees of freedom given by:  

df=n-1=8-1=7

The statistic calculated is given by t=1.8  

Since is a one-side upper test the p value would be:      

p_v =P(t_{7}>1.8)=0.057  

So since the p value is higher than the significance level pv>\alpha we FAIL to reject the null hypothesis.

(c) n = 26,t = -0.6, P-value =

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df=n-1=26-1=25

The statistic calculated is given by t=-0.6  

Since is a one-side upper test the p value would be:      

p_v =P(t_{25}>-0.6)=0.723  

So since the p value is higher than the significance level pv>\alpha we FAIL to reject the null hypothesis.

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