Answer:
58
Step-by-step explanation:
because it is
Answer:
Equation of line best fits the scatter plot is y = 
Step-by-step explanation:
Let the equation of line be y = mx + c
where m = slope of line and c is the intercept on y -axis
from the graph intercept on y-axis is 108
and the slope of line is given by m = 
where (
) and (
) is the points on line
let, points be (4,96) and (18,36)
on calculating this m = = 
Therefore equation of line best fits the scatter plot is y =
The equation representing the value of the collection after 7 years is value of collection = 430 + (0.04 * 430 )* 7 or value of collection = $550.4
<h3>What is an Equation ?</h3>
An equation is a mathematical statement , where the algebraic expression is equated to another algebraic expression.
It is given that
Ella has a collection of vintage action figures that is worth $430.
collection
appreciates at a rate of 4% per year
equation representing the value of the collection after 7 years is
value of collection = 430 + (0.04 * 430 )* t
value of collection = 430 + (0.04 * 430 )* 7
= $550.4
Therefore the equation representing the value of the collection after 7 years is value of collection = 430 + (0.04 * 430 )* 7 or value of collection = $550.4
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Answer:
Step-by-step explanation:
H0 : μ = 46300
H1 : μ > 46300
α = 0.05
df = n - 1 = 45 - 1 = 44
Critical value for a one tailed t-test(since population standard deviation is not given).
Tcritical = 1.30
The test statistic :(xbar - μ) ÷ (s/sqrt(n))
The test statistic, t= (47800-46300) ÷ (5600√45)
t = 1500
t = 1500 / 834.79871
t = 1.797
The decision region :
Reject H0: if t value > critical value
1. 797 > 1.30
Tvalue > critical value ; We reject H0
Hence, there is sufficient evidence to conclude that cost has increased.
