Part A
Y (x)=2700 (1+0.04)^x
Y (x)=2700 (1.04)^x
where x is the number of years
Part B
Y (12)=2,700×(1.04)^(12)=4,322.78
Round your answer to get 4323
Hello,
Please, see the detailed solution in the attached file.
Thanks.
Answer:
Chisquare statistic
Step-by-step explanation:
The most appropriate test to use here is the Chisquare test as it isemployed when testing the relationship between two variables. Both the T statistic and z statistics are the used for testing difference in means. However, in the analysis above, we are given two variables with each having its own levels. Hence, the Chisquare test is the most appropriate in this kind of situation a it measures if a difference exists between the two variables. It tests if they are related or independent of on one another
