Answer:
Test statistics
Step-by-step explanation:
A test statistic is calculated to compare with the critical value approach. The critical value is found by choosing any value of significance level ∝ = 0.05, 0.1 or 0.01 . Mostly 5% is preffered .
The the calculated value of the test statistic is compared with the chosen value rejection region that whether it falls in the critical region or not.
The test statistic is applied on the conditions given. For example comapring many results can be done by using chi square or comparing two means can be done by t test or testing the variation can be done by F - test.
In the given problem a z test would be used.
Answer: 16
Step-by-step explanation:
For this case we have the following expression:
Using the associative property we can rewrite the expression in the following way:
Finally, simplifying we have:
Answer:
Rewriting the expression we have that the result is:
d. -7
Answer:
Rate = 6.56%
Step-by-step explanation:
Principal (P) = $5000
Interest (I) = $6312
Time (T) = 4 years
Rate (r) = ?
This question is involves simple interest and with the formula, we can easily plug in the values to find the rate.
S.I = P(1 + rt)
S.I = simple interest
P = principal
R = Rate
T = Time
6312 = 5000(1 + r*4)
6312 = 5000 + 5000*4r
6312 - 5000 = 20000r
1312 = 20000r
r = 1312 / 20000
r = 0.0656
Rate are calculated in percentage hence we'll multiply it by 100
R = 6.56%