A critical value is the point on the scale of the
test statistic (z test in this case) outside which we reject the null
hypothesis, and is taken from the level of significance of the test. The critical
values can be obtained from the standard distribution tables for z and for this
case, it is equivalent to:
critical value zα/2 at 98% confidence level = 2.326
Answer: 2.326
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Answer:
you are on the right track
Step-by-step explanation:
the second ones right so you are right :)
Deposited amount = $14.
Rate of interest = 2.7%
In decimals 2.7 could be written by dividing 2.7 by 100, we get
0.027.
Interest earned each year = 2.7% of $14 = 0.027*14 = $0.378.
We can make a table to balance by after each year.
First year balance: First year interest + Deposited amount = 0.378 +14 = $14.378.
Second year balance: Second year interest + Deposited amount = 2*0.378 +14 = 0.756+ 14 = $14.756.
Third year balance: Third year interest + Deposited amount = 3*0.378 +14 = 1.134+ 14 = $15.134.
We get four coordinates to graph A(0,14), B(1, 14.378) , C(2, 14.756) and D(3, 15.134).
Plotting those coordinates of the points A, B, C and D on the graph.
I'm so confused what do you need help with?
Stephen is likely to qualify since his annual income is less than the median income of Texas.