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Answer: Calculate the cash discount and the net amount due for each of the following

Contemporary Mathematics | 6th Edition | ISBN: 9780538481267 | Authors: Robert Brechner ISBN: 9780538481267 378

Solution for problem 2 Chapter SECTION IV

Contemporary Mathematics | 6th Edition

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Contemporary Mathematics | 6th Edition | ISBN: 9780538481267 | Authors: Robert Brechner

Contemporary Mathematics | 6th Edition

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Problem 2

Calculate the cash discount and the net amount due for each of the following transactions. 12,660.00 2/10, n/45

Step-by-Step Solution:
Step 1 of 3

Test Statistic  measures how far the sample data diverge from what we would expect should the null hypothesis be true  So, a test statistic with a high magnitude would show that the date is not consistent with H o P-values  the probability (when H0 I true) that the test statistic takes a value that is as extreme or more extreme than what is observed  A small p value means stronger evidence against Ho provided by the data, and you reject the null hypothesis Significance levels  Denoted by  Used as evidence for or against H 0  If a p value is smaller than , we reject H o  If the p value is larger that , we fail to rejectoH  If a significance level is not given, always assume = .05 Rejection Region  The range of values that if the test statistic falls in their range, there is enough evidence against the null hypothesis to make us reject it. Calculations  Always remember that when you calculate the test statistics, excel will give the region to the left, so you may have to take the inverse. Steps to find z test statistic 1 Define the population mean and standard deviation (what the mean and standard deviation are supposed to be) 2 Define the sample mean and standard deviation 3 Define H0 and Ha. Ho: mean = population mean, Ha: mean ≠<> population mean 4 Do the formulat for z: 5 Steps to find the p value  On excel, use Norm.s.dist(z test stastic,1)  If the

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Chapter SECTION IV, Problem 2 is Solved
Step 3 of 3

Textbook: Contemporary Mathematics
Edition: 6
Author: Robert Brechner
ISBN: 9780538481267

This full solution covers the following key subjects: . This expansive textbook survival guide covers 25 chapters, and 765 solutions. The full step-by-step solution to problem: 2 from chapter: SECTION IV was answered by , our top Statistics solution expert on 03/13/18, 06:38PM. The answer to “Calculate the cash discount and the net amount due for each of the following transactions. 12,660.00 2/10, n/45” is broken down into a number of easy to follow steps, and 18 words. This textbook survival guide was created for the textbook: Contemporary Mathematics, edition: 6. Contemporary Mathematics was written by and is associated to the ISBN: 9780538481267. Since the solution to 2 from SECTION IV chapter was answered, more than 219 students have viewed the full step-by-step answer.

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Answer: Calculate the cash discount and the net amount due for each of the following