A sample of 64 account balances from a credit company showed an average daily balance of $1,040. The standard deviation of the population is known to be $200. We are interested in determining if the mean of all account balances (i.e., population mean) is significantly different from $1,000. 1. State the null and alternative hypothesis. 2. Compute the test statistic. 3. Compute the p-value. 4. Based on the p-value and the significance level of 0.05% make a decision regarding the hypotheses. 5. Interpret your results in the context of the problem.

Answers

Answer 1

Answer:

See step by step exlanation

Step-by-step explanation:

Assuming normal distribution

N( μ₀ , σ )

In this case N ( 1000, 200)

From a random sample of 64 accounts we get:

n  = 64

x = sample mean      x = 1040

σ = standard deviation of the population     σ = 200

1.-Test Hypothesis

Null Hypothesis               H₀          x =  μ₀ = 1000

Alternative Hypothesis    Hₐ          x ≠ μ₀    

The alternative hypothesis implies a two tail-test. Given that  n > 30 and σ is known we will use z-table

2.-  z(s) = ( x  - μ₀ ) / σ/√n

z(s) = ( 1040 - 1000 ) / 200/ √64

z(s) = 40*8/200

z(s) = 1,6

3.-P-val for  z (score 1,6)     p-value = 0,0548

4.- If significance level is 0,05  then  α = 0,05  and   α/2 = 0,025

p-value >  α/2        

Then  the z(s) < z(c)      1,6 < 1,96            where  z(c) is z score for α/2

We should accept H₀  

5.-We can claim that at 95 % (of Confidence Interval) the population mean is not significantly  different from 1000 $


Related Questions

the actual weights of bags of pet food are normally distributed about the mean of 50.0 lb with a standard deviation of 0.2 lb.


1. About what percentage of bags of pet food weigh between 49.8 lb and 50.2 lb?

2. About what percentage of bags weigh less than 49.8 lb?

3. In a group of 250 bags, what percentage of bags would you expect to weigh more than 50.4? ​

Answers

9514 1404 393

Answer:

68%16%2.5%

Step-by-step explanation:

1. The empirical rule tells you 68% of the distribution is within 1 standard deviation of the mean. The mean is 50 and the standard deviation is 0.2, so this means 68% of the bags weigh between 49.8 and 50.2 lb.

__

2. The other 32% is evenly split above and below the central part of the distribution. That is, about 16% of the bags will weigh less than 49.8 lb.

__

3. The percentage is independent of the size of the group. The empirical rule tells you 95% lie within 2 standard deviations of the mean. The other 5% will be evenly split between those weighing more than 50.4 and those weighing less than 49.6 lb. About 2.5% of the bags will weigh more than 50.4 lb.

_____

Additional comment

It is useful to remember the empirical rule numbers, 68%, 95%, 99.7% for the portion of the distribution between ±1, 2, 3 standard deviations of the mean. They are useful for answering questions like this one. (They are only approximations, so if more accuracy is needed, a table or app should be used to find the accurate value.)

a) The mean age of graduate students at a University is at most 31 y ears with a standard deviation of two years. A random sample of 15 graduate students is taken. The sample mean is 32 years and the sample standard deviation is three years. Are the data significant at the 1% level? The p-value is 0.0264. State the null and alternative hypotheses and interpret the p-value. Write information given with correct symbols. Hypothesis interpret the p-value. b) A bottle of water is labeled as containing 16 fluid ounces of water. You believe it is less than that. What type of test would you use? c) Assume the null hypothesis states that the mean is at most 12. Is this a left-tailed, right-tailed, or two-tailed test? d) What should you do if α = p-value?

Answers

Answer:

A.)

H0: μ ≤ 31

H1: μ > 31

B.)

H0: μ ≥ 16

H1: μ < 16

C.)

Right tailed test

D.)

If Pvalue is less than or equal to α ; we reject the Null

Step-by-step explanation:

The significance level , α = 0.01

The Pvalue = 0.0264

The decision region :

Reject the null if :

Pvalue < α

0.0264 > 0.01

Since Pvalue is greater than α ; then, we fail to reject the Null ;

Then there is no significant evidence that the mean graduate age is more Than 31.

B.)

H0: μ ≥ 16

H1: μ < 16

Null Fluid contains 16

Alternative hypothesis, fluid contains less than 16

One sample t - test

C.)

Null hypothesis :

H0 : μ ≤ 12

. The direction of the sign in the alternative hypothesis signifies the type of test or tht opposite direction of the sign in the null hypothesis.

Hence, this is a right tailed test ; Alternative hypothesis, H1 : μ > 12

d.)

If Pvalue is less than or equal to α ; we reject the Null.

Mitchell earns $40 for mowing the lawn. He spends $5 on ice cream and $15 on a book. Write an equation for how much money Mitchell has left.
ASAP ill give brainliest

Answers

he has a total of 40

$40-$5-$15=$20

he has a total of $20 left

mark brainliest

Liam is setting up folding chairs for a meeting. If he arranges the ch
same length, he has 9 chairs left over. If he arranges the chairs in 2 rows of that same
length, he has 21 left over. How many chairs does Liam have?
Liam has
chairs.

Answers

Answer:

Step-by-step explanation:

This is the answer

Find the measure of the arc or angle indicated assume that lines which appear tangent are tangent

Answers

Answer:

  17.  C 60°

  18.  D 121°

Step-by-step explanation:

The external angle is half the difference of the intercepted arcs.

17. (161° -41°)/2 = 60°

__

18. (? -59°)/2 = 31°

  ? = 59° +2(31°) = 121°

External angle∠C of the given circle is 60°

The angle subtended by the arc VS  is 121°

What is the formula for external angle made by extending two chords?

External angle is half of the difference between angles subtended by arcs.

So in problem 17,

∠C = (161°-41°)/2 = 60°

In problem 18,

We got the external angle = 59°

Let us take the angle subtended by arc = x

so,

(x-59°)/2 = 31°

x = 121°

Therefore, External angle∠C of the given circle is 60°

The angle subtended by the arc VS  is 121°

To get more about circles refer to the link,

brainly.com/question/25938845

convertir 5000 cm a km​

Answers

Answer:

0.05 kilometer is the answer

Step-by-step explanation:

hope this answer may help you

What is the angle of Z?

Answers

Answer:

Angle Z is 33.

Step-by-step explanation:

Angle Z is also 33. X and Z are equivalent angle therefore it has to be 33 as well.

Change 79/3 into a mixed number

Answers

Answer:

26 1/3

Step-by-step explanation:

I simplfied 79/3 on paper :)

2
The coordinates of the three
vertices of square ABCD are
A(-3,5), B(1,7), and C(3,3). What
are the coordinates of vertex D?
>
a) (-4,2)
go to station 1
b) (-2,1)
go to station 5
c) (-1,1)
go to station 6
d) (-4,-2)
go to station 3​

Answers

Answer

C)(-1,1)

Step-by-step explanation:



An airplane is observed to be approaching the air point. It is at a distance of 12 km from the point of observation and makes an

angle of elevation of 50 degree. Find the height above the ground.

Answers

Answer:

The height is 14.3 km

Step-by-step explanation:

Given

[tex]distance= 12km[/tex]

[tex]\theta= 50[/tex] --- angle of elevation

Required

Determine the height above the ground

The question is illustrated using the attached image.

To calculate the required height, we make use of:

[tex]tan(\theta) = \frac{AB}{BC}[/tex]

Where AB represents the height and BC, the distance.

So:

[tex]tan(50) = \frac{AB}{12}[/tex]

Make AB the subject

[tex]AB = 12 * tan(50)[/tex]

[tex]AB = 12 * 1.1918[/tex]

[tex]AB = 14.3016[/tex]

[tex]AB = 14.3km[/tex] --- approximated

The height of the airplane above the ground is 9.19 km.

Trigonometric ratio

Trigonometric ratio is used to show the relationship between the sides and angles of a right angled triangle.

Let h represent the height of the airplane above the ground. Hence:

sin(50) = h / 12

h = 9.19 km

The height of the airplane above the ground is 9.19 km.

Find out more on Trigonometric ratio at: https://brainly.com/question/1201366

need help understanding this question​

Answers

Answer:

-9<x≤2

Step-by-step explanation:

The domain is the x values

If we look at the line, we see a closed circle when x=2, so x is less than or equal to 2

The other circle is open and is at -9, so x is greater than -9

-9<x≤2

Lemme know if u need more explanation!

Garrett and Jeffrey are planning a treasure hunt. They decide to place a treasure at
a point that is a distance of 5 units from the -axis and 3 units from the -axis.
Jeffrey places a treasure at point J, and Garrett places one at point G.
Who put the treasure in the right place?
A Garret, he put the treasure at (3, 5)
B Jeffery, he put the treasure at (5, 3)
C Garret, he put the treasure at (5, 3)
D Not here

Answers

Answer:

Step-by-step explanation:

Tom sold half of his comic books and then bought 8 more. He now has
18. How many did he begin with?

Answers

Answer:

20

Step-by-step explanation:

18 - 8 = 10

10 x 2 = 20

check:

20 divided by 2 = 10

10 + 8 = 18

answer: 20

helpppppp ill give brainliest answer if you know

Answers

Answer: 522.67 mm^3

Step-by-step explanation:

use formula

The diameter of a circle is 10 m. Find its area to the nearest tenth.

Answers

Answer:

78.54 m^2

Step-by-step explanation:

The computation of the area of the circle is shown below:

As we know that

Area of the circle = πr^2

Also

Diameter = 2r

10 = 2r

r = 5

So, the area of the circle is

=  3.14 × 5^2

= 78.54 m^2

40 QUESTIONS FOR JUST ONE QUESTION :) QUESTION 6

Answers

Answer: Credit to work in process invetory-assembly

Answer:

its C because it makes the most sense "Credit to work in process invetory-assembly."

Step-by-step explanation:

10. Ayden travels from Orlando to Tampa to see his grandparents. If the trip is 897,600 feet round trip, how many miles does Ayden travel one way? A 85 miles B 170 miles C 255 miles D 340 miles 11. Jason bought 4.5 kilograms of cream me of cream?​

Answers

Im sorry sam
Bell Lah-Lah she will do

Find the circumference of a button if its radius is 15 mm

Answers

Answer:

94.25mm

........................

Answer:

94.25 mm

Step-by-step explanation:

The circumfrence of a cirlce can be found using the following formula:

C = 2 x PI x R

Circumfrence = 2 x 3.14 x 15

= 94.25

21m42n32p10
Зm 21n16 р5
Simplify

Answers

Mhh I dont know sry lol

Step-by-step explanation:

meh dont know

The hockey team won 60 out of the 80 games it played this year. What percent of the games did the team win?

Answers

I think the Awnser is 0.75 because 60 out of 80 is 0.75 let me know if this is wrong because I can fix it.

Solve for b:19-b=31

Answers

Answer:

-12

Step-by-step explanation:

Answer is -12!!!!!!!!!!!!!!!

Someone please help me and thank you:)

Answers

Answer:

D

Step-by-step explanation:

Answer:

n+4=32 models this scenario.

This is because n+4 would show how many students are originally in the class.

Let me know if this helps!

NEED ANSWER QUICK!!
In the diagram, the measure of angle 3 is 89°, and the measure of angle 6 is 88°.

A transversal intersects 2 lines to form 8 angles. Clockwise from the top left, the angles are 1, 2, 3, 4; 5, 6, 7, 8.

What is the measure of angle 4?
88°
89°
91°
92°

Answers

9514 1404 393

Answer:

  (c)  91°

Step-by-step explanation:

Based on your description, it appears that angles 3 and 4 form a linear pair. This means angle 4 is the supplement to angle 3:

  angle 4 = 180° -89°

  angle 4 = 91°

Answer:

91°

Step-by-step explanation:

what is
6 over 9
and
11 over 88​

Answers

Answer:

6 over 9 = 6/9 11 over 88 = 11/88 6/9 = 0.6667(repeating) 11/88 = 0.125

P.S. Dont fall for those link scams! ;)

Hope this helped! If it did, please give me brainliest! It would help a lot! Thanks! :D

Dan enlarged the size of a rectangle to a height of 22.4 in. What is the new width of the rectangle if it was originally 5.6 in tall and 1.4 in wide

Answers

Answer:

The new width is 5.6 in

Step-by-step explanation:

Given

New

[tex]H_2 = 22.4[/tex]

Old

[tex]H_1 = 5.6[/tex]

[tex]W_1 = 1.4[/tex]

Required

The new width

This is calculated using the following equivalent ratio

[tex]H_2 : W_2 = H_1 : W_1[/tex]

[tex]22.4 : W_2 = 5.6 : 1.4[/tex]

Express as fraction

[tex]W_2/22.4 = 1.4/5.6[/tex]

Multiply both sides by 22.4

[tex]W_2= 1.4/5.6 * 22.4[/tex]

[tex]W_2= 5.6[/tex]

What are the steps I need to solve this problem? 2x + 5 = 21

Answers

Step-by-step explanation:

subtract 5 under itself and 21 , then cross out the 5 and only subtract 21 and 5 which is 16 and then bring down 2x so now your equation will be 2x=5 so now your gonna divide 2 and 5

What is a negative number minus a negative number?

Answers

Answer:

[tex]-x-(-y) = y-x[/tex]

Step-by-step explanation:

lets say you have two negative numbers, -x and -y (x and y are positive).

[tex]-x-(-y) = y-x[/tex]

Your answer is a positive number.

1. Laura buys a pack of 24 blueberry muffins that has a total
of 1,536 calories. What is her calorie intake, if she ate 3
muffins for breakfast?


Answers

Divide 1,536 by 24 to find out how many calories are in 1 muffin. Then multiply by 3.

1536/24 = 64

64 x 3 = 192

Answer:

192

Step-by-step explanation:

you have divide 24 by 3 and once you get that you get 8 then you do the amount of calories divide by 8

Which is the smallest tow rope needed to pull an 8000 N pallet across a warehouse floor? Click the image to find the answer
10000 n
4000 n
24000 n
2700 n

Answers

Answer: force F = uN, u 0.34 and N = 8000 N also F = 2720 N, thus 4000 N is enough

It

Step-by-step explanation:

Answer:

10,000 i think....i hope this helps

Step-by-step explanation:

I am a rectangular prism.The volume is 360 cubic cm.My height is 12cm.My length is 6 cm.What is my width?

Answers

Answer:

5

Step-by-step explanation:

360/12/6=5

Double check: 5 x 6 x 12 = 360

Width = 5

Hope this helped! If it did, please give brainly! It would help a lot! :D

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