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<u>the question is </u> Calculate the value of the copper in the coin
Step 1
Find the volume of the coin
we know that
the volume of a cylinder is equal to
where
r is the radius of the coin
h is the thickness of the coin
in this problem we have
Diameter=19 mm=1.9 cm
r=D/2------> r=1.9/2=0.95 cm
h=1.5 mm=0.15 cm
substitute the values in the formula
Step 2
<u>Find the mass of copper in the coin</u>
we know that
the density is equal to
Solve for the mass
we have
substitute in the formula
Step 3
<u>Find the cost</u>
we know that
the market price of the copper is $2.15 per pound
1 pound=453.592 grams
convert gram to pounds
3.785 gr=3.785/453.592=0.0083 pounds
0.0083*$2.15=$0.018=$0.02
therefore
<u>the answer is</u>
$0.02
Solution :
To claim to be tested is whether "the mean salary is higher than 48,734".
i.e. μ > 48,734
Therefore the null and the alternative hypothesis are
and
Here, n = 50
s = 3600
We take , α = 0.05
The test statistics t is given by
t = 2.15
Now the ">" sign in the sign indicates that the right tailed test
Now degree of freedom, df = n - 1
= 50 - 1
= 49
Therefore, the p value = 0.02
The observed p value is less than α = 0.05, therefore we reject . Hence the mean salary that the accounting graduates are offered from the university is more than the average salary of 48,734 dollar.