PLEASE ANSWER THIS
1 answer:
You might be interested in
Answer:
time is 6.76 years
Step-by-step explanation:
given data
amount = $150
payment = $100
rate r = 6% = 0.06
to find out
time period t
solution
we know it is compounding continuous
so we will apply here formula that is
amount = payment × ..........1
put here all value we get
amount = payment ×
150 = 100 ×
take ln both side
ln 1.5 =
0.40546 = 0.06t
t = 0.40546 / 0.06
t = 6.76
so time is 6.76 years
Answer:
test statistic is ≈ -0.36
p-value is ≈ 0.64
There is no significant evidence that the average golfer can hit the ball more than 235 yards on average.
Step-by-step explanation:
a hypothesis test where H_0: mu = 235 and H_1:mu > 235
test statistic can be calculated as follows:
z= where
- sample mean driving distance (233.8 yards)
- M is the average expected distance that the average golfer can hit the ball under null hypothesis. (235 yards)
- s is the standard deviation (46.6 yards)
- N is the sample size (192)
Then test statistic is z= =-0.3568
p-value is 0.64 >0.05
There is no significant evidence that the average golfer can hit the ball more than 235 yards on average.