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nlexa [21]
4 years ago
8

$100 is deposited in the bank at 5% interest compounded continuously. What will be the average value of the money in the account

during the next 20 years?
Mathematics
1 answer:
sweet-ann [11.9K]4 years ago
3 0
The average value is the average of the values from year 0 to year 19.
The value of the principal $100 remains from day 0 to 364, that is why the choice of years 0 to 19.
The values are:
100.0105.0110.25115.76121.55127.62134.0140.71147.74155.13162.88171.03179.58188.56197.99207.89218.28229.2240.66252.69
for an average value of $165.33
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A counselor at a community college claims that the mean GPA for students who have transferred to State University is more than 3
Lena [83]

Answer:

t=\frac{3.25-3.1}{\frac{0.3}{\sqrt{36}}}=3  

If we compare the p value and the significance level for example \alpha=1-0.99=0.01 we see that p_v so we can conclude that we have enough evidence to reject the null hypothesis.

And the best conclusion would be:

a) Yes. The counselor's claim is valid

Because we reject the null hypothesis in favor to the alternative hypothesis.

Step-by-step explanation:

Data given and notation  

\bar X=3.25 represent the sample mean

s=0.3 represent the sample standard deviation

n=36 sample size  

\mu_o =3.1 represent the value that we want to test  

\alpha represent the significance level for the hypothesis test.  

t would represent the statistic (variable of interest)  

p_v represent the p value for the test (variable of interest)  

State the null and alternative hypotheses.  

We need to conduct a hypothesis in order to check if the mean is more than 3.1, the system of hypothesis would be:  

Null hypothesis:\mu \leq 3.1  

Alternative hypothesis:\mu > 3.1  

If we analyze the size for the sample is < 30 and we don't know the population deviation so is better apply a t test to compare the actual mean to the reference value, and the statistic is given by:  

t=\frac{\bar X-\mu_o}{\frac{s}{\sqrt{n}}} (1)  

t-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".  

Calculate the statistic  

We can replace in formula (1) the info given like this:  

t=\frac{3.25-3.1}{\frac{0.3}{\sqrt{36}}}=3  

P-value  

The first step is calculate the degrees of freedom, on this case:  

df=n-1=36-1=35  

Since is a one right tailed test the p value would be:  

p_v =P(t_{(35)}>3)=0.00247  

Conclusion  

If we compare the p value and the significance level for example \alpha=1-0.99=0.01 we see that p_v so we can conclude that we have enough evidence to reject the null hypothesis.

And the best conclusion would be:

a) Yes. The counselor's claim is valid

Because we reject the null hypothesis in favor to the alternative hypothesis.

5 0
3 years ago
What +2/3=11/12 equation
Luden [163]

Answer:

1/4

Step-by-step explanation:

1st: you need to make a common denominator for 2/3 and 11/12 that would be 12, so you would  keep 11/12 how it is but multiply the numerator and the denominator by 4 to get it to 12.

You would have ;

8/12+___=11/12

Then just do 11/12-8/12

so that would simplify out to 1/4

6 0
4 years ago
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Find an expression for the area of this shape ( plz show working out)
ankoles [38]

Answer:

this is your answer. thanks!!

8 0
3 years ago
What is the n in 4 1/2 = 1 1/2n; n =
jasenka [17]

Answer:

9/11

Step-by-step explanation:

4 1/2= 9/2=11/2n

so n =9/11

so 9/2=11/2*9/11

8 0
3 years ago
What is the area of a parallelogram?
denis23 [38]
D is the correct answer




the area of a parallelogram is equal to: base x height

18 \times 7 = 126



good luck
3 0
3 years ago
Read 2 more answers
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