Amount borrowed, P = 13000
Interest, i = 0.07/12 per month
number of periods (months), n = 4*12 = 48
Monthly payment,
=
311.30 (to the nearest cent)
Answer:
Kindly check explanation
Step-by-step explanation:
Given :
Sample size, n = 30
Tcritical value = 2.045
Null hypothesis :
H0: μ = 9.08
Alternative hypothesis :
H1: μ≠ 9.08
Sample mean, m = 8.25
Samole standard deviation, s = 1.67
Test statistic : (m - μ) ÷ s/sqrt(n)
Test statistic : (8.25 - 9.08) ÷ 1.67/sqrt(30)
Test statistic : - 0.83 ÷ 0.3048988
Test statistic : - 2.722
Tstatistic = - 2.722
Decision region :
Reject Null ; if
Tstatistic < Tcritical
Tcritical : - 2.045
-2.722 < - 2.045 ; We reject the Null
Using the α - level (confidence interval) 0.05
The Pvalue for the data from Tstatistic calculator:
df = n - 1 =. 30 - 1 = 29
Pvalue = 0.0108
Reject H0 if :
Pvalue < α
0.0108 < 0.05 ; Hence, we reject the Null
(√3n)-23=16
Put all of the numbers without a variable on the right side of the equation
(√3n)=39
Simplify
<span>1.732051n</span>=<span>39
</span>
Divide 39 by 1.732051
n=<span>22.516658
Round
n=22.5</span>
No you have to make sure to line up the decimals when subtracting them. Do not just line of the numbers, this wills get you the wrong answers. Hope this helps. If you need anything else just call for a helping hand.
