Find the Missing Values, Assuming Simple Interest ">$\text { cellpadding }=" 0 \text { " cellspacing }=" 0 " \text { width }=" 69 \% \text { " border=" } 1 ">$

question 147

Multiple Choice

Find the missing values, assuming simple interest. ">$\text { cellpadding }=" 0 \text { " cellspacing }=" 0 " \text { width }=" 69 \% \text { " border=" } 1 ">$


$\begin{array}{ccccl}I & P & r & t & \text { Future } \\\text { Interest}& {Principal } & \text { Rate } & \text { Time } & \text { Value }\end{array}$

• A) \(\$ 900 ; \$ 900\)
• B) \(\$ 111 ; \$ 10,111\)
• C) \(\$ 900 ; \$ 10,900\)
• D) \(\$ 9,000 ; \$ 19,000\)
• E) \(\$ 1,111 ; \$ 11,111\)

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Definitions:

Statistically Significant

A determination that the observed difference or relationship in a statistic is not likely due to chance alone, according to a pre-specified threshold of significance.

Confidence Interval

A range of values derived from sample statistics that is likely to contain the true value of an unknown population parameter.

Null Hypothesis

In statistics, a hypothesis that proposes no significant difference or effect; the hypothesis that a researcher tries to disprove.

Alpha Level

The threshold of significance in hypothesis testing, representing the probability of making a Type I error.