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bagirrra123 [75]
3 years ago
12

Interest earned:$45 Principal: ? Interest rate: 3% Time: 2 years

Mathematics
1 answer:
Yakvenalex [24]3 years ago
8 0

Answer:

The Principal = $75,000

Step-by-step explanation:

Formula for finding the principal:

I × 100/ R × T

Therefore;

Principal = 45 × 100 / 3/ 100 × 2

=  \:  \frac{45 \times 100}{ \frac{3}{100}  \times 2}  \\  =  \frac{4500}{ \frac{3}{50} } \\  = 4500 \times  \frac{50}{3}  \\  = 1500 \times 50 \\  = 75000.00

Which means that the Principal is $75,000.00

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Use a t-distribution to find a confidence interval for the difference in means μd=μ1-μ2 using the relevant sample results from p
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Answer:

a)

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margin of error = 8.66

The 99% confidence interval is -3.86 to 13.46

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Decision: Reject the null hypothesis.

At the 5% significance level, you can conclude that the population mean of the difference between treatment 1 and treatment 2 is less than zero.

Step-by-step explanation:

Hello!

a) 99% CI

Using d=X₁-X₂ to determine the study variable Xd: the difference between treatment 1 and treatment 2.

Assuming that this variable has an approximately normal distribution: Xd≈N(μd;σ²d)

To calculate the sample mean and standard deviation you have to calculate the difference between the values of both treatments first.

Case 1 ; Case 2 ; Case 3 ; Case 4 ; Case 5

22-18= 4 ; 27-29= -2 ; 32-25= 7; 26-20= 6 ; 29-20= 9

n= 5

Xd[bar]= ∑X/n= 24/5= 4.80

Sd²= 1/(n-1)*[∑X²-(∑X)²/n]= 1/4*[186-(24²)/5]= 17.7

Sd= 4.21

The parameter of interes is the population mean od the difference, μd

The best estimate for this parameter is the sample mean, Xd[bar]=4.80

Using the t-distribution, the formula for the Confidence Interval is

Xd[bar] ± t_{n-1;1-\alpha /2}*\frac{Sd}{\sqrt{n} }

Where the margin of error is:

t_{n-1;1-\alpha /2}*\frac{Sd}{\sqrt{n} }= t_{4;0.995}*\frac{Sd}{\sqrt{n} }= 4.604*\frac{4.21}{\sqrt{5} }= 8.66

99% CI [-3.86; 13.46]

b) 5% Hypothesis test

The variable of interest is defined d=X₁-X₂; Xd: the difference between treatment 1 and treatment 2. Xd≈N(μd;σ²d)

The statistic hypotheses are:

H₀: μd = 0

H₁: μd < 0

α: 0.05

The statistic to use for this test is:

t_{H_0}= \frac{X_d[bar]-Mu_d}{\frac{Sd}{\sqrt{n} } } ~~t_{n-1}

As before you have to calculate the difference between the observation for each case and then the sample mean and standard deviation:

Case 1  ; Case 2   ; Case 3   ; Case 4  ; Case 5  ; Case 6 ; Case 7  ; Case 8

18-18= 0; 12-19= -7; 11-25= -14; 21-21= 0; 15-19= -4; 11-14=-3; 14-15= -1; 22-20= 2

n= 8

Xd[bar]= ∑X/n= -27/8= -3.38

Sd²= 1/(n-1)*[∑X²-(∑X)²/n]= 1/7*[275-(-27²)/8]= 26.27

Sd= 5.13

t_{H_0}= \frac{-3.38-0}{\frac{5.13}{\sqrt{8} } }= -1.86

This test is one-tailed to the left, which means that you will reject the null hypothesis to small values of t, the p-value of the test has the same direction as the rejection region, this means that it is one-tailed to the left and you can calculate it as:

P(≤-1.86)= 0.0526

The decision rule using the p-value is:

If p-value > α, do not reject the null hypothesis.

If p-value ≤ α, reject the null hypothesis.

The p-value is greater than the significance level so the decision is to reject the null hypothesis.

I hope it helps!

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