Answer: The test statistic is 1.30 and the p-value is 0.1167.
Step-by-step explanation:
A test statistic is a random variable which is calculated from sample data and also used in a hypothesis test. It can also be used to know whether to reject the null hypothesis.
The test statistic is 1.30 and the p-value is 0.1167. The solution is attached below
Answer:
a)
b) 5464 inhabitants.
Step-by-step explanation:
The formula used for compound interest becomes very helpful in this case.
Knowing this, we can easily calculate the value for any year, counting from the original 5000.
From this formula, we can derive a specific one that will serve for any value of <em>t</em>.
a)
b) Apply the formula:
The town will have 5464 inhabitants.