If the Sales Tax Rate Is 6% Write an Expression

question 321

Essay

If the sales tax rate is 6% write an expression for the sales tax on a purchase costing c then evaluate that expression if c equals $120.

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Definitions:

P-value

A statistical measure that indicates the probability of the observed data, or more extreme, assuming that the null hypothesis is true.

Null Hypothesis

A statement or hypothesis that assumes no statistical significance exists in a set of given observations, serving as the default assumption to be tested.

P-value

A measure in statistics that helps in assessing the strength of the results from a hypothesis test, indicating the probability of observing the data if the null hypothesis is true.

Degrees of Freedom

Degrees of freedom refer to the number of independent values in a calculation that are free to vary when estimating statistical parameters.