Your game publishing company is looking to find out how much lower-income users spend each month on average on a game's in-app purchases so that they can make marketing decisions. You managed to collect 404 valid survey responses and calculate the mean monthly purchase amount as $5.93. From past studies of this nature, you know that the standard deviation is $1.05. Construct a 99% confidence interval to estimate the average monthly purchases of lower-income players. The lower limit is A The upper limit is B Enter an answer.

Answers

Answer 1

The 99% confidence interval for estimating the average monthly purchases of lower-income players is A = $5.74 and B = $6.12.

To construct a confidence interval, we can use the formula:

Confidence interval = sample mean ± (critical value * standard error)

Given that the sample size is 404, the mean monthly purchase amount is $5.93, and the standard deviation is $1.05, we can calculate the standard error using the formula:

Standard error = standard deviation / √(sample size)

Substituting the values, we find that the standard error is approximately $0.052.

To determine the critical value, we need to consider the desired confidence level. For a 99% confidence interval, we have 1 - (0.99) = 0.01, and dividing this by 2 gives us 0.005 for each tail. Consulting a t-distribution table or using a statistical software, we find that the critical value is approximately 2.626.

Substituting the values into the confidence interval formula, we get:

Confidence interval = $5.93 ± (2.626 * $0.052)

Calculating the lower and upper limits, we find that A = $5.74 and B = $6.12. Therefore, we can estimate with 99% confidence that the average monthly purchases of lower-income players fall between $5.74 and $6.12.

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Related Questions

Suppose This system of linear differential equations can be put in the form y' = P(t)y + g(t). Determine P(t) and g(t). P(t) = 3/1₁ 3/2₂2 g(t) = = t³y₁ + 6y₂ + sec(t), sin(t) y₁ + ty₂ - 4.

Answers

The system of linear differential equations is given as y₁' = 3y₁ + 3y₂² and y₂' = 2y₁ + t*y₂ - 4. By comparing it with the general form y' = P(t)y + g(t), we determine that P(t) = [[3, 3y₂²], [2, t]] and g(t) = [0, -4].

To determine the coefficient matrix P(t) and the forcing term g(t), we can compare the given system of linear differential equations with the general form y' = P(t)y + g(t).

The given system is:

y₁' = 3y₁ + 3y₂²

y₂' = 2y₁ + t*y₂ - 4

Comparing the first equation with the general form, we have:

P₁₁ = 3

P₁₂ = 3y₂²

g₁(t) = 0

Comparing the second equation with the general form, we have:

P₂₁ = 2

P₂₂ = t

g₂(t) = -4

Therefore, the coefficient matrix P(t) and the forcing term g(t) for the given system are:

P(t) = [[3, 3y₂²], [2, t]]

g(t) = [0, -4]

Note that the value of y₂ is not provided in the equation for g₂(t), so it remains as y₂ in the expression.

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Find the area of the circle. Round your answer to the nearest whole number, if necessary.
The circle is 20 in fully 10 half


area: about
in.2

Answers

Answer:

if you round of. 20 the answer is 10

A turtle can walk 12 miles in 3 miles. What is the average speed of the turtle?

Answers

Answer:

4mph

Step-by-step explanation:

4 now can you please help me with my history work

I need help finding the Diagonals.

Answers

Answer:

OE=53 and UH = 53

Step-by-step explanation:

Pythagoras theorem

Helpppppppp pleaseeeeee I will give brainliest if you knowww pleaseeee helpppppppp

Answers

Answer:

I think the answer is 1/2 but dont take my word

I don’t know lol sorry

Suppose the diameter at breast height (in.) of a certain type of tree is distributed normally with a mean of 8.8 and a standard deviation of 2.8.

(a)What is the probability that the diameter of a randomly selected tree will be at least 10 inches? Will exceed 10 inches.

(b) What is the value of c so that the interval (8.8-c, 8.8+c) contains 98% of all diameter values.

Answers

Answer:

a. 7% b. 1.4 inches

Step-by-step explanation:

(a)What is the probability that the diameter of a randomly selected tree will be at least 10 inches? Will exceed 10 inches.

Since our mean, x = 8.8 and standard deviation, σ = 2.8, and we want our maximum value to be 10 inches,

So, x + ε = 10 where ε = error between mean and maximum value

So,8.8 + ε = 10

ε = 10 - 8.8 = 1.2

Since σ = 2.8, ε/σ = 1.2/2.8 = 0.43

ε/σ × 100 % = 0.43 × 100 = 43%

Since 50% of our values are in the range x - 3σ to x and 43% of our values are in the range x to x + ε = x + 0.43σ, the probability of finding a value less than 10 inches is thus 50 % + 43% = 93%.

So, the probability of finding a value greater than 10 inches is thus 100 % -   93 % = 7 %.

(b) What is the value of c so that the interval (8.8-c, 8.8+c) contains 98% of all diameter values.

Since 98% of the values range from 8.8-c to 8.8+c, then half of the interval is from 8,8 - c to 8.8 or 8.8 to 8.8 + c. So, the number that range in this half interval is 98%/2 = 49%

So, c/σ × 100 % = 49%  

c/σ = 0.49

c = 0.49σ = 0.49 × 2.8 = 1.372 ≅ 1.37 inches = 1.4 inches to 1 d.p

A rancher in Central Califomia has a year-long BLM grazing allotment in the Oak Woodlands that is 5,000 acres in size. Seventy percent of this allotment has loam soils and produces 900 lbs. (DM) of forage per year and the remaining 30% has sandy loam soil and produces 500 lbs. of forage (DM) per year. The allotment is split into large pastures enabling rotational grazing to take place and allowing the producer to practice the "take half, leave half philosophy of grazing. As part of his agreement with BLM, the rancher must account for 30 head of elk (500 lbs.). With the remaining forage, determine how many mature 200 lb. ewes the rancher could run on this allotment.

Answers

The rancher can run approximately 19,425 mature 200 lb. ewes. To calculate the number of mature 200 lb. ewes the rancher can run on the remaining forage, we need to find the available forage after accounting for the 30 head of elk.

A rancher in Central California has a 5,000-acre BLM grazing allotment in the Oak Woodlands. Seventy percent of the allotment has loam soils producing 900 lbs. (DM) of forage per year, while the remaining 30% with sandy loam soil produces 500 lbs. of forage (DM) per year. The rancher must also account for 30 head of elk (500 lbs.). We need to determine how many mature 200 lb. ewes can be run on the remaining forage.

The total forage available from the loam soil is 70% of 5,000 acres, which is 3,500 acres. This amounts to 3,500 acres * 900 lbs./acre = 3,150,000 lbs. of forage (DM) per year.

Similarly, the total forage available from the sandy loam soil is 30% of 5,000 acres, which is 1,500 acres. This amounts to 1,500 acres * 500 lbs./acre = 750,000 lbs. of forage (DM) per year.

With the elk accounting for 30 * 500 lbs. = 15,000 lbs. of forage, the remaining available forage is 3,150,000 lbs. + 750,000 lbs. - 15,000 lbs. = 3,885,000 lbs.

Dividing the remaining forage by the weight of a mature ewe (200 lbs.), we get 3,885,000 lbs. / 200 lbs. = 19,425 ewes. Therefore, the rancher can run approximately 19,425 mature 200 lb. ewes on this allotment, considering the given forage production and the presence of elk.

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student simplifies (6b + 4r) – (2b + r) and says that the result is 4b + 5r. Explain the error and describe the correct steps to simplify the expression.

Answers

Answer & explanation:

The student made an error by adding an r after removing the parentheses instead of subtracting an r.

Correct Steps:

(6b + 4r) – (2b + r)

6b + 4r - 2b - r

4b + 3r

Answer:

yo

Step-by-step explanation:

this was the sample response on edge

The student did not distribute the negative when subtracting. Distributing the negative, the expression is equal to 6b + 4r – 2b – r. Then use the commutative property to rewrite it as 6b – 2b + 4r – r. Then you can use the distributive property to write as (6 – 2)b + (4 – 1)r, which simplifies to 4b + 3r.

The triangle on the grid will be translated two units left.

On a coordinate plane, triangle A B C has points (negative 1, negative 1), (negative 1, negative 5), (0.5, negative 5).

Which shows the triangle when it is translated two units left?
On a coordinate plane, triangle A prime B prime C prime has points (1, negative 1), (1, negative 5), (2.5, negative 5).
On a coordinate plane, triangle A prime B prime C prime has points (negative 3, negative 1), (negative 3, negative 5), (negative 1.5, negative 5).
On a coordinate plane, triangle A prime B prime C prime has points (negative 1, 1), (negative 1, negative 3), (0.5, negative 3).
On a coordinate plane, triangle A prime B prime C prime has points (negative 1, negative 3), (negative 1, negative 7), (0.5, negative 7)

Answers

Given:

The vertices of a triangle are A(-1,-1), B(-1,-5), C(0.5,-5).

The figure is translated 2 units left.

To find:

The vertices and the diagram of the triangle after the given translation.

Solution:

if a figure is translated 2 units left, then

[tex](x,y)\to (x-2,y)[/tex]

Using the above rule, we get

[tex]A(-1,-1)\to A'(-1-2,-1)[/tex]

[tex]A(-1,-1)\to A'(-3,-1)[/tex]

Similarly,

[tex]B(-1,-5)\to B'(-1-2,-5)[/tex]

[tex]B(-1,-5)\to B'(-3,-5)[/tex]

And,

[tex]C(0.5, -5)\to C'(0.5-2,-5)[/tex]

[tex]C(0.5, -5)\to C'(-1.5,-5)[/tex]

So, the vertices of the triangle after the translation are A'(-3,-1), B'(-3,-5), C'(-1.5,-5).

Therefore, the correct option is B.

Answer:

B

Step-by-step explanation:

escribe con letra 0.00125

Answers

Answer:

zero point zero zero one two five

Step-by-step explanation:

what’s 3-4?
this definitely wasn’t to give points :) how was your day? did you drink and get enough to eat?

Answers

Answer:

yuh, did you bestie

Step-by-step explanation:

≤))≥

_| \_

Answer:

-1 and I hope everyone reading this has a great day!

Valerie wants to use a PIN to make her purchase more secure. Which method of payment can Valerie use? Credit card , cash, check, or debit card? Question 2: Mr. Juniper uses his debit card to withdraw $10 cash from checking account for football ticket. Which is an advantage of using the debit card? Answers: mr. juniper does not have to remember a number In order to access his checking account, mr juniper debit card can never be lost or stolen, mr juniper will earn rewards such as free hotel stays.
Mr juniper cash will be taken directly from his checking account.
PLS HELP :D I’m low on points but can u help?

Answers

Answer: Question 1, debit card because debit cards are used for atms which requires a pin. A positive is that you’re using your own money for a debit card and not from another source, so you don’t have to pay extra frees

Step-by-step explanation:

Pleaser help me I’m confused

Answers:

A:section A

B: section B

C: Section C

D: Section D

Answers

Answer:

SECTION C (i think)

Please mark as brainliest

Have a great day, be safe and healthy  

Thank u  

XD

Answer:

section c

it's square root is 4.123......

Un muchacho le dijo a otro. "adivina cuántos años tengo si las dos terceras partes de ellos menos 1 es igual a mi edad actual menos 6".

Answers

Answer:

The age of the boy is 15 years

Step-by-step explanation:

Let us assume a be the age of the boy

So, two-third of his age is 2 ÷ 3 × a

As the boy said that two-third minus 1 so it would be equivalent to

  2 ÷ 3 × to - 1

ANd, his current age is a and now if we deduct 6 so

a - 6

AFter this, two-third minus 1 is equivalent to a minus 6

So,  

 2 ÷ 3 × a - 1 = a - 6

- 1 + 6 = a -  2 ÷ 3 × a  

5 =  1 ÷ 3 × a  

a = 3 × 5

 = 15

Hence, The age of the boy is 15 years

3. In chemistry, Isaac can mix the correct solution in 20 minutes. Together,
Isaac and Newton can mix the same solution in 11 minutes. How long
does it take Newton to mix the solution when he is working alone

Answers

I think the answer would be 9 but i’m not sure.

A piece of pizza with a diameter of 20 inches is eaten and m∠IPZ=45°. What is the perimeter of the piece of the pizza eaten in inches?

Answers

Answer:

Perimeter of pizza slice = 27.85 inches (Approx.)

Step-by-step explanation:

Given:

Diameter of pizza = 20 inches

So,

Radius of pizza slice = Diameter of pizza / 2

Radius of pizza slice = 20 / 2 = 10 inches

∠IPZ = 45°

Find:

Perimeter of pizza slice

Computation:

Perimeter of pizza slice = 2[Radius of pizza slice] + [θ/360][2πr]

Perimeter of pizza slice = 2[10] + [45/360][(2)(22/7)(10)]

Perimeter of pizza slice = 20 + [0.125][(2)(3.14)(10)]

Perimeter of pizza slice = 20 + [0.125][62.8]

Perimeter of pizza slice = 20 + 7.85

Perimeter of pizza slice = 27.85 inches (Approx.)

The perimeter of the slice of the pizza that is eaten, measured in inches, for the considered case, is 31.9635 inches.

How to find the relation between angle subtended by the arc, the radius and the arc length?

[tex]2\pi^c = 360^\circ = \text{Full circumference}[/tex]

The superscript 'c' shows angle measured is in radians.

If radius of the circle is of r units, then:

[tex]1^c \: \rm covers \: \dfrac{circumference}{2\pi} = \dfrac{2\pi r}{2\pi} = r\\\\or\\\\\theta^c \: covers \:\:\: r \times \theta \: \rm \text{units of arc}[/tex]

For this case, we're given that:

Angle m∠IPZ=45°.Diameter of the circular pizza = 20 inches

Not using the above formula, but the concept, we know that:

360° covers full arc, which is [tex]2\pi r[/tex] inch lengthed long.45° is 360°/8, so it will cover [tex]2\pi r/8[/tex] inch long arc (the arc IZ).

Since diameter of pizza = 20 inches, its radius r = 10 inches.

Thus, the length of the arc IZ = [tex]\dfrac{2 \times \pi \times 10}{8} \approx 1.9635 \: \rm inches.[/tex]

Perimeter of the slice of the pizza eaten = sum of the length of its boundaries = Length of arc IZ + length of line IP + length of line ZP

Since line IP and ZP are radius, thus:

Perimeter of the slice of the pizza eaten ≈ 1.9635 + 10 + 10 = 31.9635 inches.

Thus, the perimeter of the slice of the pizza that is eaten, measured in inches, for the considered case, is 31.9635 inches.

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the square root of 279 lies between what two whole nunbers

Answers

Answer:

Step-by-step explanation:

The square root of 16 and the square root of 17

Answer:

29 and 34

Step-by-step explanation:

cause

Draw and identify the coordinates of the image of the figure after a 90° counterclockwise rotation about the origin. ​

Answers

Answer:

5! HOPE I HELPED

Step-by-step explanation:

natalie has 45 pieces of candy to share with her and her 4 other friends. how many pieces of candy will natalie and all of her friends get?

Answers

Answer:

They will each get 9 pieces of candy.

Step-by-step explanation:

if she has 4 friends and she shares with them, she would be sharing  with 4 people plus herself, so you would do the problem 45 ÷ 5 = 9.

write the equation of the circle graph below?????

Answers

Answer:

(x+2)^2 + (y+2)^2 = 0.75^2

Step-by-step explanation:

equation of a circle in standard form: (x-h)^2 + (y-k)^2 = r^2

center: (-2, -2)

radius: 0.75

equation of the circle in provided graph: (x+2)^2 + (y+2)^2 = 0.75^2

im need help please!!!

Answers

Answer:

The measure of the missing angle is 61

Step-by-step explanation:

Using the Consecutive Interior Angles theorem, you know that the angles are supplementary (meaning both angles combine to a 180* plane). Using that logic, you may subtract 119 from 180, and you get a 61* angle.

in which situation would hydrogen bonding be present?
A. When hydrogen exists as an ion in solution
B. When hydrogen is attached to C, S or P
C. When hydrogen atoms bond together to form H2
D. When hydrogen is attached to N, F or O​

Answers

Answer:

D

Step-by-step explanation:

lol this is a weird math question

jk

Hydrogen bonds occur only when hydrogen is covalently bonded to one of three elements: fluorine, oxygen, or nitrogen. Anything else isn't considered a hydrogen bond.

please help find measure of h.Will mark brainlyist to right answer.No link!

Answers

Answer:

∠ H = 59°

Step-by-step explanation:

The exterior angle of a triangle is equal to the sum of the 2 opposite interior angles.

121° is an exterior angle of the triangle, then

6x - 1 + 5x + 12 = 121 , that is

11x + 11 = 121 ( subtract 11 from both sides )

11x = 110 ( divide both sides by 11 )

x = 10

Then

∠ H = 6x - 1 = 6(10) - 1 = 60 - 1 = 59°

Can someone please help me no links please

Answers

Answer:

x=6

Step-by-step explanation:

3x- 4=14

   +4 +4

    3x=18

      x=6

You make annual deposits of $8,500 into a savings account that pays an annual interest rate of 3.8%, with interest credited to the account annually. If you now have $461, 103.46 in the account, for how many years have you been investing money in this account?

Answers

You have been investing money in this account for approximately 15 years.

How long have you been investing money?

To determine the number of years you have been investing money in the account, we can use the formula for the future value of an ordinary annuity:

FV = P * [(1 + r)ⁿ- 1] / r

Where:

FV = Future value (final balance in the account) = $461,103.46

P = Annual deposit amount = $8,500

r = Annual interest rate = 3.8% or 0.038 (expressed as a decimal)

n = Number of years

By substituting the given values into the formula and solving for n, we can determine the number of years you have been investing:

$461,103.46 = $8,500 * [(1 + 0.038) ⁿ- 1] / 0.038

54.24 = (1.038 ⁿ - 1) / 0.038

To solve for n, we can rearrange the equation:

1.038  ⁿ- 1 = 54.24 * 0.038

1.038  ⁿ= 2.0632

n = log base 1.038 of 2.0632

Using a logarithmic calculator, we find that n ≈ 14.96. Rounding up, we conclude that you have been investing money in this account for approximately 15 years.

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Solve the equation: log, (a) + log (z - 6) = 2

Answers

the solution to the equation log(a) + log(z - 6) = 2 is z = 100/a + 6.

We can simplify the equation using logarithmic properties. The sum of logarithms is equal to the logarithm of the product, so we can rewrite the equation as log(a(z - 6)) = 2.

Next, we can convert the equation to exponential form. In exponential form, the base of the logarithm becomes the base of the exponent and the logarithm value becomes the exponent. Therefore, we have a(z - 6) = 10^2, which simplifies to a(z - 6) = 100.

To solve for z, we need to isolate it. Divide both sides of the equation by a: (z - 6) = 100/a.

Finally, add 6 to both sides to solve for z: z = 100/a + 6.

So, the solution to the equation log(a) + log(z - 6) = 2 is z = 100/a + 6.

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there are 4 red and 8 blue marbles in a bag, Mark draws a blue marble out of the bag and does not replace it. Mark draws a second blue marble out of the bag and does not replace it. what is the probability that the next marble he draws will also be blue,

Answers

Answer:3/5

Step-by-step explanation:when he takes one marble it’s 7/11 and when he takes another it’s 6/10 so simplify and you get 3/5

Answer:

Step-by-step explanation:

Answer:3/5

Brandy has 9/10 slices of cake left. She gives her brother 1/5 slices. How much cake does Brandy have left?

Answers

Answer:

7/10

Step-by-step explanation:

7/10 because 1/5 translates to 2/10 and 9-7 equals 2.

Emily's younger brother, Kenny, begged her to make him a superhero costume for Halloween this year, so of course Emily did! Emily sewed a 600-square-inch trapezoid-shaped cape with a big "K" on it. The length along the top of the cape was 24 inches, and the length along the bottom was 36 inches what is the height

Answers

Answer:

20 inches

Step-by-step explanation:

Since the cape is trapezoid shaped and has an area of 600 in², the area of a trapezoid is given by

A =1/2(a + b)h where a = length along the top of the cape = 24 in, b =  length along the bottom of the cape = 36 in and h = height of the cape

So, h = 2A/(a + b)

= 2 × 600 in²/(24 in + 36 in)

= 1200 in²/60 in

= 20 in

So, the height of the cape is 20 inches

Help help help help help help

Answers

Answer: 19 mins

Step-by-step explanation:

hope this helps

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compute the work done by the force f = 2x2y, xz, 2z in moving an object along the parametrized curve r(t) = t, t2, t3 with 0 t 1 when force is measured in newtons and distance in meters19/10 Give the structures of the substitution products expected when 1-bromohexane reacts with:1.NaOCH2CH3 An economy operating on its long-run aggregate supply curve willA. achieve zero unemploymentB. see high inflationC. increase capacity if the price level decreasesD. have no cyclical unemploymentE. be in a recessionary output gap Kansas Enterprises purchased equipment for $80,500 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $6,750 at the end of ten years. Using the double-declining balance method, depreciation expense for 2021 would be: (Do not round your intermediate calculations) Question 5 of 6 < > View Policies Current Attempt in Progress Bramble Corporation has retained earnings of $697,600 at January 1, 2020. 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Is another name for an installment receivable. which has greater capacity? missippi or a small mountain stream A $1,000 bond has a coupon of 9 percent and matures after ten years. Assume that the bond pays interest annually. a. What would be the bond's price if comparable debt yields 10 percent? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar. $ b. What would be the price if comparable debt yields 10 percent and the bond matures after five years? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar. $ c. Why are the prices different in a and b? The price of the bond in a is select than the price of the bond in b as the principal payment of the bond in a is-Select- v than the principal payment of the bond in b (in time). d. What are the current yields and the yields to maturity in a and b? Round your answers to two decimal places. The bond matures after ten years: % CY: YTM: % The bond matures after five years: % CY: YTM: % The table below shows the cost of a fixed basket of goods that a typical urban consumer would buy in the economy of Kindleberger, where the base period for the consumer price index (CPI) is the year 2000. The year for which you are determing the CPI is considered the current year. Please specify your answers to two decimal placesYear Cost of a basket of goods2000 $8,150.002011 $6,500.002012 $4,725.001. What is the CPI for 2000?2.What is the CPI for 2011?3.What is the CPI for 2012? Abigail, Bernard, Cornwallis, and Douglas each derive a distinct amount of utility from consuming apples and bananas. Initially, apples cost $2, bananas cost $1, and each person receives a weekly allowance of $20 to spend. For each of the four sets of preferences described below, calculate the compensating variation if the price of apples rises to $5. (a) (4) Abigail: U(a, b) = a + 2b (b) (4) Bernard: U(a, b) = 2a + b (c) (4) Cornwallis: U(a, b) = b-a (d) (4) Douglas: U(a, b) = min(a, 3b) Question 5 (28 points) Demand for Rover dogwalking services in Harrisonburg is given by the following inverse demand function: Pa(q) = 30- 10 Assume a population on an island grows intrinsically according to exponential growth with a rate of 0.11, but the population also experiences immigration from other islands. If the population increased from 103 to 18737 individuals in 14 years. What is the immigration rate in individuals per year? Round your answer to two decimal places, i.e. 5.45? Best advanced courses to learn in upcoming technology generation Solve the following system from Example 3 by the Gauss-Jordan method, and show the similarities in both methods by writing the equations next to the matrices.x+3y=7, 3x+4y=11 Chapter 2 lists four ways that you can help to protect your client's or your employer's trademark. One is to use the trademark symbol. Which one of the following methods is also listed in the chapter?a. Distinguish trademarks from other material, perhaps by setting the trademark in a different typeface or by using boldface type for emphasis.b. Use the trademarked item in various grammatical forms, including as an adjective (Xerox copiers), a noun (Xeroxes), and a verb (Xerox 500 copies).c. Use the plural form (Xeroxes) or the possessive form (Xerox's quality) of the term whenever possible.d. Consistently use one of the trademark symbols ( or ) in references to other trademarked items, whether or not your client or employer owns those trademarks.e. Include a prominent warning about the civil and criminal penalties for infringing on the protections afforded by trademark law, similar to the FBI warning about copyright that appears at the beginning of rental movies. explain why a 2 x 2 matrix can have at most two distinct eigenvalues. explain why an n x n matrix can have at most n distinct eigenvalues Cash had a beginning balance of $206,700. During the month, Cash was credited for $48,000 and debited for $54,900. At the end of the month, the balance is: O $199,800 credit. O $213,600 credit. O $213 For this problem, type your answers directly into the provided text box. You may use the equation editor if you wish, but it is not required. Consider the following series. In=1 n3+n+1 Part I (2 points). State whether the series converges or diverges. Part II (3 points). Justify your result in part I by using an appropriate test (basic divergence test, integral test, basic comparison test, or limit comparison test). Make sure to briefly state how you applied the test. You are asked to approve or deny a request to purchase a new printer which costs $28,000 now but will increase efficiency and save $6500 cash/year for the next 6 years and can be sold after 6 years for $2,000. The discount rate is 12%