Clayton's bank offered him a 4.5% interest rate for his mortgage. If he purchases 3 points, what will his new rate be?
1 answer:
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Answer: 14.32 units
Step-by-step explanation:
The formula for calculate the distance between two points is:
In this case, given the points (-2,8) and (11,2), we can identify that:
Therefore, we just need to substitute values into the formula in order to calculate the distance between the given points. This is (Rounded to the nearest hundred):
Answer:
p-value = 0.1277
Step-by-step explanation:
p-value is the probability value tell us how likely it is to get a result like this if the Null Hypothesis is true.
Firstly we find the mean and standard deviation of the given data set.
⇒ Mean =
⇒ Mean = 4.368
where, is mean of the distribution.
⇒ Standard Deviation = 0.034
Applying t- test:
Let out hypothesis is:
H₀: μ = 4.35
H₁: μ ≠ 4.35
Now,
Here, μ = Population Mean = 4.35
= Sample Mean = 4.368
σ = Standard Deviation = 0.034
n = 10
Putting all values we get, t = 1.6777 with (10 -1) = 9 degree of freedom.
Then the p-value at 99% level of significance.
⇒ p-value = 0.1277