Jim and Dianna want to save for their child's college expenses. They find an annuity that pays 6% annual interest, compounded monthly. If they invest in this annuity by contributing $300 per month for 10 years, how much money will they
have for the college expenses?
Round your answer to the nearest hundred dollars.
Do NOT round until you have calculated the final answer.

Amanufacturing firm has been averaging 16.8 orders per week for several years. however, during a recession, orders appeared to slow. suppose the firm’s production manager randomly samples 31 weeks and finds an average of 15.6 orders with a standard deviation of 2.3 orders. using a 0.025 significance level, test whether the mean number of orders has decreased. type the full 5 step procedure into the answer box, then for multiple choice practice, answer the following: 1. what is the name and symbol of the parameter that you are testing? 2. what is the symbol and value of the point estimate of that parameter? 3. what distribution are you using to test this parameter? 4. what is the critical value? 5. what is the test statistic value? 6. what is the p-value?