Answer:
Step-by-step explanation:
From the information given, we would write the hypothesis.
For the null hypothesis,
H0 : µ = 70
For the null hypothesis,
Ha : µ > 70
This is a right tailed test because of the symbol of greater than.
The decision rule is to reject the null hypothesis if the level of significance is greater than the p value and accept the null hypothesis if the level of significance is lesser than the p value.
Therefore, since the significance level, 0.05 > p value, 0.01635, then we would reject the null hypothesis. There is enough evidence that the mean speed of all cars is greater than the posted speed limit of 70 mph.
Answer: It shows the formula for "Amount" using the compound interest formula.
Step-by-step explanation:
Since we have given that
The expression :
So, it can be rewritten as
Here, initial investment = $ 10785
Rate of interest = 2.75%
Number of years = x
So, it shows the formula for "Amount" using the compound interest formula.
