Solve for r.
1 answer:
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Answer:
The degrees of freedom first given by:
Then we can find the critical value taking in count the degrees of freedom and the alternative hypothesis and then we need to find a critical value who accumulates 0.05 of the area in the right tail and we got:
And for this case the rejection region would be:
b) Reject H0 if tcalc >1.7960
Step-by-step explanation:
Information given
5, 7, 4, 6, 7, 5, 5, 6, 4, 4, 7, 5.
System of hypothesis
We want to test if the true mean is higher than 5, the system of hypothesis are :
Null hypothesis:
Alternative hypothesis:
The statistic is given by:
(1)
The degrees of freedom first given by:
Then we can find the critical value taking in count the degrees of freedom and the alternative hypothesis and then we need to find a critical value who accumulates 0.05 of the area in the right tail and we got:
And for this case the rejection region would be:
b) Reject H0 if tcalc >1.7960
1. Using "exact" interest, your charge will be
.. I = Prt
.. I = $855.28*0.154*(31/365)
.. I = $11.19
2. It will take 52.01 months to pay off the loan.
3. Your payment on 15,250 for 4 years will be $363.41. The effective interest rate that payment represents on a loan of $15,000 is 7.604%
4. Todd's monthly payments will be $409.06, so his total outlay will be
.. tax+license + down payment + loan repayment
.. = 1200 +1000 +48*409.06
.. ≈ $21,835
.. I = Prt
.. I = $855.28*0.154*(31/365)
.. I = $11.19
2. It will take 52.01 months to pay off the loan.
3. Your payment on 15,250 for 4 years will be $363.41. The effective interest rate that payment represents on a loan of $15,000 is 7.604%
4. Todd's monthly payments will be $409.06, so his total outlay will be
.. tax+license + down payment + loan repayment
.. = 1200 +1000 +48*409.06
.. ≈ $21,835