A long-distance telephone company claims that the mean duration of long-distance telephone calls originating in one town was gre
1 answer:
Answer:
(D) Conclusion: Do not support the claim that the mean is greater than 9.4 minutes
Step-by-step explanation:
Let X be the mean duration of long distance telephone class originating in one town.
(one tailed test)
The conclusion of the hypothesis test assuming that the results of the sampling don’t lead to rejection of the null hypothesis.
This means that there is no statistical evidence to support the alternate claim.
Hence option D is right.
(D) Conclusion: Do not support the claim that the mean is greater than 9.4 minutes
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The sum of the balances of these accounts at the end of 5 years is given by: Option B: $53,901.59 (approx)
<h3>How to calculate compound interest's amount?</h3>If the initial amount (also called as principal amount) is P, and the interest rate is R% per unit time, and it is left for T unit of time for that compound interest, then the interest amount earned is given by:
The final amount becomes:
If the initial amount (also called as principal amount) is P, and the interest rate is R% annually, and it is left for T years for that simple interest, then the interest amount earned is given by:
For the considered case, we're given that:
- Initial amount in both accounts deposited = $24,000 = P
- Type of interest: Compound interest in first account and simple interest in second account
- Unit of time: Annually
- Rate of interest = 2.4% annually = R
- Total unit of time for which amount is to be calculated: 5 years = T
In first account, the final amount at the end of 5 years is evaluated as:
In second account, the final amount at the end of 5 years is evaluated as:
Total amount after 5 years in these accounts = (in dollars)
Thus, the sum of the balances of these accounts at the end of 5 years is given by: Option B: $53,901.59 (approx)
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