1. An amusement park had 350 people come in
1 answer:
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Answer:
The interest rate for the given investment is 18%.
Step-by-step explanation:
We are given that,
The function representing the investment model is, .
It is required to find the interest rate for the investment.
Since, the function can be re-written as,
i.e.
So, on comparing with the formula for compound interest i.e. , where 'r' is the interest rate.
We have that,
The interest rate for the given investment is 0.18 i.e. 18%.
Answer:
A. T > 2.539
Step-by-step explanation:
We have a hypothesis test of the mean, with unknown population standard deviation.
The hypothesis are:
From the hypothesis we can see that the test is right-tailed, so the critical value of t should be a positive value.
The degrees of freedom can be calculated as:
The significance level is 0.01, so the critical value tc should be the one that satisfies:
Looking up in a t-table, for 19 degrees of freedom, this critical value is tc=2.539.
