A collector’s item is purchased for $150 and its value increases by 3% each year. Which graph can be used to determine approxima
tely how many years it will take for the value to double?
2 answers:
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By definition we have that the average rate of change of the function is:
Evaluating the function for the complete interval we have that the AVR is given by:
Rewriting we have:
Simplifying the expression we have:
Answer:
the average rate of change of the function defined by the table is:
Answer:
No, there is not enough evidence to support the claim that true average task time with armor is less than 2 seconds.
Step-by-step explanation:
This is a hypothesis test for the population mean.
The claim is that true average task time with armor is less than 2 seconds.
Then, the null and alternative hypothesis are:
The significance level is 0.01.
The sample has a size n=52.
The sample mean is M=1.95.
As the standard deviation of the population is not known, we estimate it with the sample standard deviation, that has a value of s=0.2.
The estimated standard error of the mean is computed using the formula:
Then, we can calculate the t-statistic as:
The degrees of freedom for this sample size are:
This test is a left-tailed test, with 51 degrees of freedom and t=-1.803, so the P-value for this test is calculated as (using a t-table):
As the P-value (0.039) is bigger than the significance level (0.01), the effect is not significant.
The null hypothesis failed to be rejected.
There is not enough evidence to support the claim that true average task time with armor is less than 2 seconds.