The marked price of a living room set is $11,345 If the set is purchased on hire purchase, then the customer pays a downpayment of 15% of the marked price and 18 monthly installments of $655 each. How much will be saved if the living room set is purchased cash?

Atextile fiber manufacturer is investigating a new drapery yarn, which the company claims has a mean thread elongation of 12 kilograms with a standard deviation of 0.5 kilograms. the company wishes to test the hypothesis upper h subscript 0 baseline colon mu equals 12 against upper h subscript 1 baseline colon mu less-than 12 using a random sample of n equals 4 specimens. calculate the p-value if the observed statistic is x overbar equals 11.8. round your final answer to five decimal places (e.g. 98.76543).