Blanche bought a 5-year cd for $7100 with an apr of 2.8%, compounded quarterly, but she wants to take all her money out 9 months
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Answer:
(1) The degrees of freedom for unequal variance test is (14, 11).
(2) The decision rule for the 0.01 significance level is;
- If the value of our test statistics is less than the critical values of F at 0.01 level of significance, then we have insufficient evidence to reject our null hypothesis.
- If the value of our test statistics is more than the critical values of F at 0.01 level of significance, then we have sufficient evidence to reject our null hypothesis.
(3) The value of the test statistic is 0.3796.
Step-by-step explanation:
We are given that you are an expert on the fashion industry and wish to gather information to compare the amount earned per month by models featuring Liz Claiborne's attire with those of Calvin Klein.
The following is the amount ($000) earned per month by a sample of 15 Claiborne models;
$3.5, $5.1, $5.2, $3.6, $5.0, $3.4, $5.3, $6.5, $4.8, $6.3, $5.8, $4.5, $6.3, $4.9, $4.2 .
The following is the amount ($000) earned by a sample of 12 Klein models;
$4.1, $2.5, $1.2, $3.5, $5.1, $2.3, $6.1, $1.2, $1.5, $1.3, $1.8, $2.1.
(1) As we know that for the unequal variance test, we use F-test. The degrees of freedom for the F-test is given by;
Here, = sample of 15 Claiborne models
= sample of 12 Klein models
So, the degrees of freedom = () = (15 - 1, 12 - 1) = (14, 11)
(2) The decision rule for 0.01 significance level is given by;
- If the value of our test statistics is less than the critical values of F at 0.01 level of significance, then we have insufficient evidence to reject our null hypothesis.
- If the value of our test statistics is more than the critical values of F at 0.01 level of significance, then we have sufficient evidence to reject our null hypothesis.
(3) The test statistics that will be used here is F-test which is given by;
T.S. = ~
where, = sample variance of the Claiborne models data =
= 1.007
= sample variance of the Klein models data =
= 2.653
So, the test statistics = ~
= 0.3796
Hence, the value of the test statistic is 0.3796.
Answer:
$311.74
Step-by-step explanation:
A financial calculator computes the payment amount to be $311.74.
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Your graphing calculator may have the capability to do this. Certainly, such calculators are available in spreadsheet programs and on the web.
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The appropriate formula is the one for the sum of terms of a geometric series.
Sn = a1·((1+r)^n -1)/(r) . . . . . where r is the monthly interest rate (0.005) and n is the number of payments (480). Filling in the given numbers, you have ...
$620827.46 = a1·(1.005^480 -1)/.005 = 1991.4907·a1
Then ...
$620827.46/1991.4907 = a1 ≈ $311.74
The discrete uniform distribution is on the interval 8 ≤ x ≤ 10.
Therefore the probability density function (shown in the figure) is
P(x) = 1/3 = 1/3 for x = 8, 9, 10
= 0 otherwse
The mean is μ = 1/3.
The variance is
σ² = Σp(x) (x- μ)²
Because x - μ = 0 for x = 8,9,10, therefore
σ² = 0
Answer:
μ = 1/3
σ² = 0
Therefore the probability density function (shown in the figure) is
P(x) = 1/3 = 1/3 for x = 8, 9, 10
= 0 otherwse
The mean is μ = 1/3.
The variance is
σ² = Σp(x) (x- μ)²
Because x - μ = 0 for x = 8,9,10, therefore
σ² = 0
Answer:
μ = 1/3
σ² = 0