A researcher creates two random samples, each with a sample size of 12. He does not find a statistically significant difference between the two groups. Which of the following statements is correct? Select all that apply. A. The sample size does not impact results of statistical significance.
B. Since random samples were used, the conclusion is likely to be true.
C. Since the sample size of each group is greater than 10, the conclusion is likely to be true.
D. Since the sample size is small, the conclusion is likely to be untrue.

(multiple choice)​

Lee is 26 and wants to retire at 65 with a retirement fund from which he can draw an interest income of $150,000 a year. He assumes he will have an average rate of return of 6%. He wants to know how much he needs to save each month to reach his goal and how inflation will affect his retirement savings. In order to earn $150,000 per year in interest, the balance of Lee's retirement account must be large enough that 6% of the balance is $150,000.

Lee finds a 401K retirement account with a 6% rate of return compounded monthly. After retirement he wants to live off of the interest from the account. Find the balance Lee needs to have in his account.

the correct answer is 1: 2

step-by-step explanation:

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