Answer:
c.
Step-by-step explanation:
The following is how the p-value should be interpreted:
The probability of getting the test statistics value at least as intense as it might have been acquired during the test, assuming the null hypothesis is true, is considered as the p-value.
Null hypothesis
A student's grade level has no bearing or association on how they commute to school.
Alternative hypothesis;
There is a link between a student's grade level and the way they get to school.
The test statistic's value is 14.63, and the p-value is 0.2636.
As a result, the p-value is interpreted as that of option c in the question.
Answer: $76,244.51
Step-by-step explanation:
You need to use the compound interest formula here.
First of all however, you need to convert the terms to monthly figures because the interest is compounded monthly.
4% in months = 4 / 12 = 4/12%
6 years = 6 * 12 = 72 months
Now use the compound interest formula:
= Amount * (1 + rate) ^ number of years
= 60,000 * ( 1 + 4/12%) ⁷²
= $76,244.51