A real estate agent earned commission of $8,785 for selling a house. If his rate is 7%, find the selling price of the house.
1 answer:
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Answer:
2.4×10^6
Step-by-step explanation:
Put the numbers where the variables are and do the arithmetic. You can enter the numbers in scientific notation into your (scientific) calculator and have it show you the result in the same format.
r = (3.8×10^5)^2/(5.9×10^4) . . . . . denominator parentheses are required
Please note that in the above expression, parentheses are required around the denominator number. This is because it is a product of two numbers. In your pocket calculator or spreadsheet, you can enter that value as a single number (not a product). Parentheses are not required when you can do that.
r = (3.8²/5.9)×10^(5·2-4) ≈ 2.4×10^6
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The "exact" value is a repeating decimal with a long repeat. We have rounded to 2 significant digits here because the input numbers have that number of significant digits.
Answer: We do not reject the null hypothesis.
Step-by-step explanation:
- When the p-value is greater than the significance level , then we do not reject the null hypothesis or if p-value is smaller than the significance level , then we reject the null hypothesis.
Given : Test statistic :
Significance level :
By using the standard normal distribution table ,
The p-value corresponds to the given test statistic ( two tailed ):-
Since the p-value is greater than the significance level of 0.02.
Then , we do not reject the null hypothesis.