ANSWER
It would take 45 good years
<u>EXPLANATION</u>
We calculate simple interest using the formula,
From the question,
dollars
%
and
dollars
We substitute into the above formula
Therefore it would take 45 years.
Using the values from the graph, compute the values for the terms given in the problem.
1 answer:
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Answer:
The critical value for this hypothesis test is 6.571.
Step-by-step explanation:
In this case the professor wants to determine whether the average number of minutes that a student needs to complete a statistics exam has a standard deviation that is less than 5.0 minutes.
Then the variance will be,
The hypothesis to determine whether the population variance is less than 25.0 minutes or not, is:
<em>H</em>₀: The population variance is not less than 25.0 minutes, i.e. <em>σ²</em> = 25.
<em>Hₐ</em>: The population variance is less than 25.0 minutes, i.e. <em>σ²</em> < 25.
The test statistics is:
The decision rule is:
If the calculated value of the test statistic is less than the critical value, then the null hypothesis will be rejected.
Compute the critical value as follows:
*Use a chi-square table.
Thus, the critical value for this hypothesis test is 6.571.
