adam invests $6,139 in an retirement account with a fixed annual interest rate compounded continuously. after 17 years the balan
1 answer:
You might be interested in
Answer:
The degrees of freedom are given by:
The p value for this case is given by:
For this case since the p value is lower than the significance level we have enough evidence to reject the null hypothesis and we can conclude that the true mean is significantly different from 200 F.
Step-by-step explanation:
Information given
data: 202.2 203.4 200.5 202.5 206.3 198.0 203.7 200.8 201.3 199.0
We can calculate the sample mean and deviation with the following formulas:
represent the sample mean
represent the sample standard deviation
sample size
represent the value that we want to test
represent the significance level for the hypothesis test.
t would represent the statistic
represent the p value for the test
Hypothesis to test
We want to determine if the true mean is equal to 200, the system of hypothesis are :
Null hypothesis:
Alternative hypothesis:
The statistic for this case is given by:
(1)
The statistic is given by:
The degrees of freedom are given by:
The p value for this case is given by:
For this case since the p value is lower than the significance level we have enough evidence to reject the null hypothesis and we can conclude that the true mean is significantly different from 200 F.