A bank wonders if omitting the annual credit card fee for customers who charge at least $2400 in a year will increase the amount charged on its credit cards. The bank makes this offer to an SRS of 200 of its credit card customers. It then compares how much these customers charge this year with the amount that they charged last year. The mean increase in the sample is $332, and the standard deviation is $108.

Answers

Answer 1

Answer:

We reject the H0

Step-by-step explanation:

Given that:

Sample size, n = 200

x, = 332 ; s = 108

H0 : μ = 0

H1: μ > 0

The test statistic :

(x - μ) / s/sqrt(n)

332 / 108/sqrt(200)

332 / 7.6367532

Zstatistic = 43.47

Pvalue from Zstatistic at α = 0.05

P value is bet small < 0.00001

Pvalue < α

We reject the null

Conclusion: Amount charged on credit card under the no - fee plan increases


Related Questions

Can anyone please help with this? I will love you forever

Answers

Answer:

1 and 2, 3 and 4, 5 and 6, 7 and 8

Step-by-step explanation:

Supplementary angles are angles that add up to 180°. Since 180° would basically be a straight line, those angles are supplementary

2, 3, 6, 7 are the correct answers!Angle 1 + (Any of the angles I mentioned) = 180 degreesPlease let me know if I am wrong.

Joe has $50.00. He wants to buy equal numbers of soft drinks and sandwiches. A soft drink costs $0.79. A sandwich costs $2.49. How many of each can joe buy with his $50.00? A.15 B.20 C.41 D.63 please help if you can!

Answers

Answer:

First you have to add the price of one soft drink and one sandwich which would be $3.28. Then divide 50 with 3.28 and you get 15.2439 approximately 15.

So your asnwer should be A. 15

Step-by-step explanation:

jul used one bag of flour. She baked two loaves of bread. Then she used the remaining flour to make 48 muffins. How much flour was in the bag when Makenzie began? Use the chart to help you solve the problem.

Recipe
Amount of flour needed
Bread
2 ¼ cups per loaf
Muffins
3 ¼ cups per 24 muffins
Pizza
1 ½ cups per pie

Answers

Answer:

momdhwdjwbdjwbdjwbdjwbdjwbd a amamamamamamama

Step-by-step explanation:

Barbara charges $3.50, plus $2.25 for each hour she babysits. If Barbara charges $21.50, how many hours does she babysit?

Answers

Answer:

8 hours

Step-by-step explanation:

The equation is 2.25X + 3.50 = 21.50

X represents the unknown amount of hours she worked. 2.25 is the cost per hour. 3.50 is the fee she charges for every gig. That fee only happens once a gig so naturally it wasn't the number x was placed with.

2.25X + 3.50 = 21.50

2.25X + 3.50 - 3.50 = 21.50 - 3.50

2.25X = 18

2.25X = 18

2.25 2.25

X = 8

The distance around a tree trunk is 69.08 inches. What is the radius of the tree?

Answers

Answer:

10.99

Step-by-step explanation:

cuz it is -_-

Triangle Theorems helppppppp

Answers

Answer and Step-by-step explanation:

Answer is in picture.

The angles of a triangle add up to 180.

There are TWO 9x + 1 because they are the base angle pairs.

I hope this helps!!

#teamtrees #PAW (Plant And Water)

How many minutes is 65% of 3 hours? ____ just write the number part of the answer.

Answers

Answer:

117

Step-by-step explanation:

There are 60 minutes in each hour, and to find how many minutes there are in 3 hours you would have to multiply 3 x 60.

3 x 60 = 180

To find 65% of 180 you can use the equation

65 x 180/100

65 x 180 divided by 100 is 117.

What is the radius of a circular lid with a diameter of 5 centimeters?
radius

Answers

Answer:

5/2 =

2.5

Step-by-step explanation:

I NEED HELP ASAP!!<3
Graph the following piecewise function.

Answers

Sorry I don’t speak English I wish I could help maybe you can translate to Spanish and I could help you

wHy dO i FeEl HaPpy?

Answers

Answer:

Step-by-step explanation:

because its called an emotion have a great day

:)

Answer:

maybe you ate dark chocolate? lol

Step-by-step explanation:

:)

What is the answer for this?

Answers

Answer:

Proved

Step-by-step explanation:

Given

[tex](2 * 10^2) * (3 * 10^5) = 3.5 * 10^7 + 2.5 * 10^7[/tex]

Required

Prove

On the right hand side, we have:

[tex]2 * 10^2 * 3 * 10^5 = 3.5 * 10^7 + 2.5 * 10^7[/tex]

Rewrite:

[tex]2 * 3* 10^2 * 10^5 = 3.5 * 10^7 + 2.5 * 10^7[/tex]

[tex]6* 10^2 * 10^5 = 3.5 * 10^7 + 2.5 * 10^7[/tex]

Apply law of indices

[tex]6* 10^{2+5} = 3.5 * 10^7 + 2.5 * 10^7[/tex]

[tex]6* 10^7 = 3.5 * 10^7 + 2.5 * 10^7[/tex]

Express 6 as 3.5 + 2.5

[tex](3.5 + 2.5)* 10^7 = 3.5 * 10^7 + 2.5 * 10^7[/tex]

Open bracket

[tex]3.5 *10^7+ 2.5*10^7 = 3.5 * 10^7 + 2.5 * 10^7[/tex]

Proved

1. What is 35% of 200?

Answers

Answer:

70 is 35% of 200

Step-by-step explanation:

Your welcome

Answer:

70 is 35 % of 200

Step-by-step explanation:

.35 × 200 = 70

What is the equation of the line that passes through the point (-5, 3) and has a
slope of
-6/5

Answers

Step by step explanation
Hope this helps
Leave a like and brainliest!

A tank contains 210 liters of fluid in which 30 grams of salt is dissolved. Pure water is then pumped into the tank at a rate of 3 L/min; the well-mixed solution is pumped out at the same rate. Let the A(t) be the number of grams of salt in the tank at time t. Find the rate at which the number of grams of salt in the tank is changing at time t.

Answers

Answer:

[tex]dA(t)/dt = -\frac{3}{7}e^{-t/70}[/tex] g/min

Step-by-step explanation:

The mass flow rate dA(t)/dt = mass flowing in - mass flowing out

Since water is pumped in at a rate of 3 L/min, and it contains no salt, the concentration in is thus 0 g/L. the mass flow in is thus 0 g/L × 3 L/min = 0 g/min.

Let A(t) be the mass present at any time, t. The concentration at any time ,t is thus A(t)/volume = A(t)/210. Since water flows out at a rate of 3 L/min, the mass flow out is thus, A(t)/210 g/L × 3 L/min = A(t)/70 g/min.

So, dA(t)/dt = mass flowing in - mass flowing out

dA(t)/dt = 0 g/min - A(t)/70 g/min

dA(t)/dt =  - A(t)/70 g/min

 Since the tank initially contains 30 g of salt, the initial mass of salt in the tank is 30 g. So A(0) = 30

So, the initial value problem is thus  

dA(t)/dt =  - A(t)/70 , A(0) = 30

Separating the variables, we have

dA(t)/A(t) = -dt/70

Integrating both sides, we have

∫dA(t)/A(t) = ∫-dt/70

㏑A(t) = -t/70 + C

taking exponents of both sides, we have

A(t) = exp(-t/70 + C)

A(t) = exp(-t/70)expC

[tex]A(t) = e^{-t/70}e^{C}\\A(t) = Ce^{-t/70} whereC = e^{C}[/tex]

A(0) = 30, So

[tex]A(0) = Ce^{-0/70}\\30 = Ce^{0}\\C = 30[/tex]

[tex]A(t) = 30e^{-t/70}[/tex]

The rate at which the number of grams of salt in the tank is changing at time t is

[tex]dA(t)/dt = \frac{d30e^{-t/70} }{dt} \\dA(t)/dt = -\frac{30e^{-t/70} }{70}\\dA(t)/dt = -\frac{3}{7}e^{-t/70}[/tex]

So, the rate at which the number of grams of salt in the tank is changing at time t is

[tex]dA(t)/dt = -\frac{3}{7}e^{-t/70}[/tex] g/min

if you increase the length on a parallelogram by 4 cm, what happens to the perimeter?​

Answers

Answer:

It gains 8 cm

Step-by-step explanation:

Answer:

We know that all the sides of a square are equal. Perimeter of a square is 4 times of s side. Perimeter of a square = 4 × length of a side.

Step-by-step explanation:

[tex]\frac{t}{5} =13[/tex]

Answers

Answer:

t=65

Step-by-step explanation:

[tex] \frac{t}{5} = 13[/tex]

[tex]5 \times \frac{t}{5} = 5 \times 13[/tex]

[tex]t = 65[/tex]


Find the sum of the first six terms of the Geometric Progression (G.P.):
2
1, 2, 4, ....​

Answers

Step-by-step explanation:

Heueueirjrjkwugoystsitso5wpysoydlusktzlhskgdlysyldj

what is the answer? help me

Answers

The answer that I would choose would be C.

Can someone please help!!!

Answers

First option x is less than or equal to 1

Please help ..........

Answers

I think the answer is B. Hope this helps!

Does a triangle with the side lengths exist 11, 28, 16

Answers

Answer:

No; The sum of the lengths of any two sides of a triangle must be greater than the length of the third side.

Step-by-step explanation:

There is a couple more

Answers

Answer:

m<4= 81 by the alternate interior postulate

The minimum wage in 2007 was $7.50. The current minimum wage is $13.00. What is the percent of
change? Round your answer to the nearest tenth.

Answers

2007 $7.50. 100%
2021. $13.00. X%
X=100•13/7.5
X=173.33 %
173.33-100%=73.33%
Rounded to nearest tenth 73.3%

Can someone answer this please!!! I only have 5 mins and u will get Brainly too :)

Answers

Better quality would help, have a good day/night

y у
45°
x 100°
y = [?

Answers

Y=55° ................

The value of y is 55°.

What is a triangle?

It is a two-dimensional figure which has three sides and the sum of the three angles is equal to 180 degrees.

We have,

x and 100° together form a straight angle.

x + 100 = 180

x = 180 - 100

x = 80

Now,

45° + x + y = 180

45 + 80 + y = 180

y = 180 - 125

y = 55°

Thus,

y = 55°.

Learn more about triangles here:

https://brainly.com/question/25950519

#SPJ2

What is the interquartile in the dot plot for Mrs. Orlando’s daycare? i need thisssss!!

Answers

11, by subtracting 17-6

The piecewise function h(x) is shown on the graph.
What is the value of h(3)?
O -2
O -1
• 1
0 2

Answers

Answer:

00

Step-by-step explanation:

a) American households spent an average of about $70 in 2007 on Halloween merchandise such as costumes, decorations and candy. To see if this number had changed, researchers conducted a new survey in 2008 before industry numbers were reported. The survey included 2100 households and found that average Halloween spending was $47 per household. The sample mean is dollars, while the claimed population mean is dollars. b) The average GPA of students in 2001 at a private university was 3.38. To assess whether this has changed over time, a survey on a sample of 190 students from this university was taken in the Spring 2020 semester. The survey yielded an average GPA of 3.75. The sample mean is and the claimed population mean is

Answers

Answer:

a) The sample mean is 47 dollars, while the claimed population mean is 70 dollars.

b) The sample mean is 3.75, while the claimed population mean is 3.48.

Step-by-step explanation:

Question a)

American households spent an average of about $70 in 2007 on Halloween merchandise such as costumes, decorations and candy means that the claimed population mean is 70 dollars.

The survey included 2100 households and found that average Halloween spending was $47 per household means that the sample mean is 47 dollars.

The sample mean is 47 dollars, while the claimed population mean is 70 dollars.

Question b)

The average GPA of students in 2001 at a private university was 3.38 means that the claimed population mean is 3.38.

The survey yielded an average GPA of 3.75 means that the sample mean is 3.75.

The sample mean is 3.75, while the claimed population mean is 3.48.

Ted invests $6,082 in a retirement account with a fixed annual interest rate of 5% compounded continuously. What will the account balance be after 13 years?

Answers

Answer:

$11468.52

Step-by-step explanation:

Given data

Principal= $6,082

Rate= 5%

time= 13 years

The expression for compound interest is

A= P(1+r)^t

substitute

A=6082(1+0.05)^13

A=6082(1.05)^13

A=6082*1.885649

A=11468.52

Hence the Amount is $11468.52

Rule: y=x+2/3
y=2 x=?

Answers

Answer:

y=x+

-2/3

Step-by-step explanation:

y=x+

2

3

Step 1: Flip the equation.

x+

2

3

=y

Step 2: Add (-2)/3 to both sides.

x+

2

3

+

−2

3

=y+

−2

3

x=y+

−2

3

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