Answer:
2.5 years
Step-by-step explanation:
Interest= P×R×T÷100
T= 100I÷P×R
T= 100×400÷8000×2
T= 40000÷16000
T= 5÷2
T= 2.5 years
Answer:14
Step-by-step explanation:
Step-by-step explanation:
Answer:
A. T > 2.539
Step-by-step explanation:
We have a hypothesis test of the mean, with unknown population standard deviation.
The hypothesis are:
From the hypothesis we can see that the test is right-tailed, so the critical value of t should be a positive value.
The degrees of freedom can be calculated as:
The significance level is 0.01, so the critical value tc should be the one that satisfies:
Looking up in a t-table, for 19 degrees of freedom, this critical value is tc=2.539.