Answer:
a. True
Step-by-step explanation:
By ∝= 5% we mean that there are about 5 chances in 100 of incorrectly rejecting a true null hypothesis. To put it in another way , we say that we are 95% confident in making the correct decision.
In the given question the null hypothesis is
H0: u ≤ 1 hour and Ha: u > 1 hour
So there is a 5% chance that the erroneous conclusion will be made that students spend on average more than 1 hour per assignment.
The given statement is true.
Answer:
5.5%
Step-by-step explanation:
Given data
Simple interest = $137.50
Principal= $500
time = 5 years
We want to find the rate R
Simple interest= PRT/100
137.50 = 500*R*5/100
137.50=2500R/100
cross multiply
137.5*100= 2500R
13750= 2500R
divide both sides by 2500
R= 13750/2500
R=5.5%
Hence the rate is 5.5%
I believe its 1048576/6561<span />
First find the total payments
Total paid
200×30=6,000 (this is the future value)
Second use the formula of the future value of annuity ordinary to find the monthly payment.
The formula is
Fv=pmt [(1+r/k)^(n)-1)÷(r/k)]
We need to solve for pmt
PMT=Fv÷[(1+r/k)^(n)-1)÷(r/k)]
PMT monthly payment?
Fv future value 6000
R interest rate 0.09
K compounded monthly 12
N=kt=12×(30months/12months)=30
PMT=6000÷(((1+0.09÷12)^(30)
−1)÷(0.09÷12))
=179.09 (this is the monthly payment)
Now use the formula of the present value of annuity ordinary to find the amount of his loan.
The formula is
Pv=pmt [(1-(1+r/k)^(-n))÷(r/k)]
Pv present value or the amount of his loan?
PMT monthly payment 179.09
R interest rate 0.09
N 30
K compounded monthly 12
Pv=179.09×((1−(1+0.09÷12)^(
−30))÷(0.09÷12))
=4,795.15
The answer is 4795.15
