Multiply 2.90 by 6 and multiply 2.90 by 4 then add them and you get your answer
Answer:
8.704%
Step-by-step explanation:
The computation of the before cost of debt is as follows
Given that
Future value = $100
Present value = $103
NPER = 25 × 2 = 50
PMT = $100 × 9% ÷ 2 = $4.5
The formula is presented below:
= -RATE(NPER;PMT;PV;FV;TYPE)
After applying the above formula, the rate is 4.3518%
Yearly rate is
= 4.3518% ×2
= 8.704%
Answer: C)
Step-by-step explanation:
Answer:
27 x 7=X
Step-by-step explanation:
Answer:
<u>Type I error: </u>D. Reject the null hypothesis that the percentage of adults who retire at age 65 is less than or equal to 62 % when it is actually true.
<u>Type II error: </u>A. Fail to reject the null hypothesis that the percentage of adults who retire at age 65 is less than or equal to 62 % when it is actually false.
Step-by-step explanation:
A type I error happens when a true null hypothesis is rejected.
A type II error happens when a false null hypothesis is failed to be rejected.
In this case, where the alternative hypothesis is that "the percentage of adults who retire at age 65 is greater than 62%", the null hypothesis will state that this percentage is not significantly greater than 62%.
A type I error would happen when the conclusion is that the percentage is greater than 62%, when in fact it is not.
A type II error would happen when there is no enough evidence to claim that the percentage is greater than 62%, even when the percentage is in fact greater than 62% (but we still don't have evidence to prove it).
