$3000 are invested in a bank account at an interest rate of 7 percent per year. Find the amount in the bank after 15 years of in
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Answer:
With alpha 0.95 and 8 degrees of freedom χ²= 2.73
And with alpha 0.05 and 8 degrees of freedom χ²=15.51
Step-by-step explanation:
The significance level ∝ = 1- 0.9 = 0.1
But we need the area of the middle so we divide this significance level with 2
so that we get exactly the middle area .
Dividing 0.1/2= 0.05
So we will have two values for chi square
One with 0.9 + 0.05 = 0.95 alpha and one with 0.05 alpha . This is because the chi square is right tailed.
So with alpha 0.95 and 8 degrees of freedom χ²= 2.73
And with alpha 0.05 and 8 degrees of freedom χ²=15.51
This can be shown with a graph.
