In recent years the interest rate on home mortgages has declined to less than 6.0 percent. However, according to a study by Federal Reserve Board the rate charge on credit card debit is more than 14 percent. Listed below is the interest rate charged on a sample of 10 credit cards. 14.6 16.7 17.4 17.0 17.8 15.4 13.1 15.8 14.3 14.5 Is it reasonable to conclude the mean rate charged is greater than 14 percent? Use the 0.01 significance level. Assume the interest rate on home mortgages is normally distributed.

Answers

Answer 1

We can conclude that, at the 0.01 significance level, there is sufficient evidence to support the claim that the mean rate charged on credit cards is greater than 14%.

How to calculate the value

The test statistic is calculated as follows:

t = (x - μ) / (s / √n)

In this case, the sample mean is 15.66%, the sample standard deviation is 1.544%, and the sample size is 10. Plugging these values into the formula for the test statistic, we get:

t = (15.66 - 14) / (1.544 / √10)

= 3.4

The critical value is the value of the test statistic that separates the rejection region from the non-rejection region. The critical value for a two-tailed test with a significance level of 0.01 and 9 degrees of freedom (10 - 1 = 9) is 2.821.

Since the test statistic (3.4) is greater than the critical value (2.821), we reject the null hypothesis. This means that there is sufficient evidence to conclude that the mean rate charged is greater than 14%.

We can conclude that, at the 0.01 significance level, there is sufficient evidence to support the claim that the mean rate charged on credit cards is greater than 14%.

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Related Questions

qüîz 10-2 Gina wilson answers please ​

Answers

Answer:

I don't know how to do it the subject

You must exert a force of 4.5 N on a book to slide it across a table. If you moved it 5 meters. How much work was done on the book?

Answers

Answer:

22.5 J

Step-by-step explanation:

The work done by an object can be found by using the formula

workdone = force × distance

From the question we have

workdone = 4.5 × 5

We have the final answer as

22.5 J

Hope this helps you

I have a statistic that is normally distributed with a very large sample size. I add a single subject that is way above the median to the sample. What is likely to happen?

Answers

Adding a single subject that is way above the median to a sample with a very large sample size is likely to have a minimal impact on the overall distribution and statistics of the sample.

When the sample size is very large and the distribution of the statistic is approximately normal, the Central Limit Theorem states that the distribution of the sample mean approaches a normal distribution, regardless of the underlying population distribution. This means that the sample mean is less sensitive to individual extreme values.

If a single subject is added to the sample that is way above the median, it will have a relatively small effect on the overall sample mean. This is because the impact of a single extreme value diminishes as the sample size increases.

When adding a single subject that is way above the median to a sample with a very large sample size, the effect on the overall distribution and statistics of the sample is expected to be minimal. The large sample size ensures that the sample mean remains robust and less influenced by individual extreme values. Therefore, the addition of a single subject with a very high value is unlikely to significantly alter the characteristics of the sample distribution or the calculated statistics such as the mean or standard deviation.

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PLEASE HELP! What is the ratio of the volumes of two spheres, if the ratio of their radii is 13: 9

Answers

Answer:

[tex] V_1 : V_2= 2197 : 729[/tex]

Step-by-step explanation:

Let the volumes of both the spheres be [tex] V_1, \:V_2[/tex] and their radii be [tex] r_1, \:r_2[/tex] respectively.

[tex] \huge r_1 : r_2= 13 : 9[/tex] (given)

[tex] \implies\huge \frac{r_1}{r_2}= \frac{13}{9}.....(1)[/tex]

[tex] \huge \frac{V_1}{V_2}=\frac{\cancel {\frac{4}{3} \pi} r_1^3}{\cancel {\frac{4}{3} \pi} r_2^3}[/tex]

[tex] \huge \frac{V_1}{V_2}=\frac{ r_1^3}{r_2^3}[/tex]

[tex]\huge \frac{V_1}{V_2}=\bigg(\frac{ r_1}{r_2}\bigg) ^3..... (2)[/tex]

From equations (1) & (2), we have:

[tex]\huge \frac{V_1}{V_2}=\bigg(\frac{13}{9}\bigg) ^3[/tex]

[tex] \huge \frac{V_1}{V_2}=\frac{2197}{729}[/tex]

[tex] \huge \therefore V_1 : V_2= 2197 : 729[/tex]

Thus, the ratio of the volumes of two spheres would be 2197 : 729.

Answer:

2197:729

hope it helps

please mark brainliest

asfjpasjfaafdad adsafdshfd

Answers

4020

you're supposed to multiply the length value by 1760

:P

Use the consumption function C = C₁ + bY and the income function Y=C+ S. to derive expressions for the MPC, APC, MPS. and APS. 7 marks 5. Given the consumption functions C= 50+ 0.5Y, Deduce expressions for the marginal propensity to save and the average propensity to save. Show that the MPS>APS. Confirm this statement by evaluating APS and MPS at Y = 20. 6 marks 6. Find the derivatives of the following functions. AC = + QI(Q) 3 marks Page 2 y=(√2+1)(√2-3) 3 marks 7. Determine the intervals along which each of the following curves is increasing or decreasing (consider the positive half of the plane, z>0) 5 marks (a) AC=Q²-20Q+120 (b) TR=50Q-Q²

Answers

In the given problem, we start by deriving expressions for the marginal propensity to consume (MPC), average propensity to consume (APC), marginal propensity to save (MPS), and average propensity to save (APS) using the consumption function and income function.

Deriving expressions for MPC, APC, MPS, and APS:

Using the consumption function C = C₁ + bY and the income function Y = C + S, we can derive the following expressions:

MPC (Marginal Propensity to Consume) = ΔC / ΔY

APC (Average Propensity to Consume) = C / Y

MPS (Marginal Propensity to Save) = ΔS / ΔY

APS (Average Propensity to Save) = S / Y

Deducing expressions for MPS and APS:

Given the consumption function C = 50 + 0.5Y, we can deduce the expressions for MPS and APS as follows:

MPS = ΔS / ΔY = Δ(Y - C) / ΔY = 1 - MPC

APC = C / Y = (50 + 0.5Y) / Y

APS = S / Y = (Y - C) / Y = 1 - APC

Confirming MPS > APS:

To confirm that MPS is greater than APS, we evaluate them at Y = 20:

MPS = 1 - MPC = 1 - 0.5 = 0.5

APC = C / Y = (50 + 0.5 * 20) / 20 = 52.5 / 20 = 2.625

APS = 1 - APC = 1 - 2.625 = -1.625

Since APS is negative and MPS is positive, it is evident that MPS > APS.

Derivatives of the given functions:

a) AC = Q² - 20Q + 120

The derivative of AC with respect to Q is: d(AC)/dQ = 2Q - 20

b) TR = 50Q - Q²

The derivative of TR with respect to Q is: d(TR)/dQ = 50 - 2Q

Determining intervals of increase or decrease:

a) AC = Q² - 20Q + 120

The quadratic function AC has a positive coefficient for the quadratic term (Q²), indicating a U-shaped curve. It opens upward, which means it is increasing for Q values less than the vertex of the parabola (Q = 10) and decreasing for Q values greater than the vertex.

b) TR = 50Q - Q²

The quadratic function TR has a negative coefficient for the quadratic term (Q²), indicating a downward-opening parabola. It is decreasing for all values of Q.

In summary, we derived expressions for MPC, APC, MPS, and APS using the consumption function and income function. We confirmed that MPS > APS by evaluating them at a given income level.

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To find the x-intercept, we let y = 0 and solve for x and to find y-intercept, we let x=0 and solve for y. Figure out the x-intercept and y-intercept in given equation of the line. 6x + 2y = 12

Answers

Answer:

        X-intercept: (2, 0)         Y-intercept: (0, 6)

Step-by-step explanation:

X-intercept means y-coordinate of 0:

6x +2×0 = 12

6x = 12

  x = 2         ← x-coordinate

Y-intercept means x-coordinate of 0:

6×0 + 2y = 12

2y = 12

  y = 6         ← y-coordinate

as of today, the team has played seven games, and _____________ has won them all.

Answers

As of today, the team has played seven games, and "the team" has won them all.

This statement indicates that the team, whose specific name or identity is not provided, has achieved a perfect winning record by emerging victorious in all seven games they have participated in. The emphasis is on the collective success of the team rather than attributing the wins to any particular individual or naming the team itself. The phrase "has won them all" highlights the team's unbeaten streak and implies their dominance in the competition.

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Rosalind Franklin played an important role in the discovery of DNA's structure. Her data was used to support Watson's and Crick's hypothesis that DNA had the structure of a double helix. Even with this data and support from other scientists, the structure of DNA was not a widely accepted theory. Select all of the reasons why was their discovery was not considered a theory at the time of the paper's publication? 1. A newly released hypothesis must wait a least a year before the scientific community can vote for it to become a theory. 2. Theories are never developed by three people. 3. Theories need to undergo peer-review. 4.The hypothesis wasn't supported by their own data.

Answers

Answer:

The correct option is;

3. Theories need to undergo peer-review

Step-by-step explanation:

Within the scientific community, a theory has to be peer-reviewed by subject matter experts before it can be normally considered a valid theory. The peer-review process is one in which another scientific expert on the subject analyze, study, and repeat the experiments in the same conditions as stated in a publication submitted to a journal as a theory. The peer-review process aims to confirm the theory. A discovery which survives the peer review process will be considered a scientific theory and can then be expanded upon.

A pizza cut into 8 pieces cost $10.00.
What is the cost per piece?

Answers

Answer:

$1.25

Step-by-step explanation:

10/8 =1.25

Answer:

$1.25

Step-by-step explanation:

just divided 10 with 8

Use the given conditions to write an equation for the line. Passing through (-8,6) and parallel to the line whose equation is 8x - 3y -4 = 0 The equation of the line is (Simplify your answer. Type an equation using X and y as the variables.

Answers

The equation of the line that passes through (-8, 6) and parallel to the line whose equation is 8x - 3y -4 = 0, is 3y - 8x + 46 = 0

How do i determine the equation of the line?

First, we shall obtain the slope of the line. Details below:

8x - 3y -4 = 0

Rearrange the equation with y as the subject, we have

8x - 4 = 3y

y = 8x/3 - 4/3

Thus,

Slope (m₁) = 8/3

Recall,

Slope of parallel lines are equal.

Thus,

The slope of line, is given as:

m₂ = m₁ = 8/3

Now, we shall obtain the equation of line. Details below

Coordinate = (-8, 6) x coordinate 1 (x₁) = -8y coordinate 1 (y₁) = 6Slope of line (m₂) = 8/3Equation of line =?

y - y₁ = m₂(x - x₁)

y - 6 = 8/3(x - (-8))

y - 6 = 8/3(x + 8)

Multiply through by 3

3(y - 6) = 8(x + 8)

Clear bracket

3y - 18 = 8x - 64

Rearrange

3y - 8x - 18 + 64 = 0

3y - 8x + 46 = 0

Thus, the equation of line is 3y - 8x + 46 = 0

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Find the characteristic c using a 64-bit long real equivalent decimal number -147 with mantissa f = 0.1484375

Answers

Characteristic 'c' using a 64-bit long real equivalent decimal number -147 with mantissa 'f' = 0.1484375, the number can be expressed as -1.48 x 10^2. The characteristic 'c' is the exponent of the power of 10. Therefore, the characteristic 'c' is -2.

The scientific notation representation of a real number is given by 'm x 10^c', where 'm' is the mantissa and 'c' is the characteristic. In this case, we have a 64-bit long real equivalent decimal number -147 with mantissa 'f' = 0.1484375. The number can be written as -1.48 x 10^2.

To determine the characteristic 'c', we look at the exponent of the power of 10. In this case, the exponent is 2. However, since the number is negative, the characteristic is also negative. Therefore, the characteristic 'c' is -2.In summary, for the given number -147 with mantissa 0.1484375, the characteristic 'c' is -2.

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Callum is walking 270 miles to raise money for cancer research. He plans to walk 1/9 of the distance each day. After 7 days, how much farther does he have to walk to reach his goal?

Answers

270-(7/9x270)=60miles

Which value below represents the solution to 64 = 4u

Answers

Answer:

You didnt write the options

Answer:

u=16

Step-by-step explanation:

64=4u

divide both sides by 4

16=u

Lin opened a savings account that pays 5.25% interest and deposited $5000. If she makes no deposits and no withdrawals for 3 years, how much money will be in her account?

Answers

Answer:

$5829.57

Step-by-step explanation:

Annually compounding interest formula: [tex]PV(1+i)^t[/tex]

5000(1+.0525)^3

5829.567266

which rounds to: 5829.57

The marginal PMFs for two INDEPENDENT random variables are given as follows 1/8 x = -1 Px(x) 1/2 = 0 3/8 1 = X = X = - py(y) = Py = 5/16 y=-1 9/16 y=0 1/8 = y = 1 a) Find the joint PMF for X, Y

Answers

The joint PMF for X, Y is given by the following table:

x\y 5/128   9/128   1/64   5/32   9/32   1/16   15/128   27/128   3/64

The joint probability mass function (PMF) of two discrete random variables is a function that maps each pair of outcomes of the random variables to a probability. In particular, the joint PMF gives the probability that the random variables take a certain pair of values on each trial. Therefore, we have to find the probability that the random variables X and Y take each of the six possible values.

Therefore, the joint PMF for X, Y is given as follows:

For x = -1 and y = -1,

P(X = -1, Y = -1)

= P(X = -1)P(Y = -1)

= (1/8)(5/16)

= 5/128

For x = -1 and y = 0,

P(X = -1, Y = 0) = P(X = -1)P(Y = 0)

= (1/8)(9/16)

= 9/128

For x = -1 and y = 1,

P(X = -1, Y = 1) = P(X = -1)P(Y = 1)

= (1/8)(1/8)

= 1/64

For x = 0 and y = -1,

P(X = 0, Y = -1) = P(X = 0)P(Y = -1)

= (1/2)(5/16)

= 5/32

For x = 0 and y = 0,

P(X = 0, Y = 0) = P(X = 0)P(Y = 0)

= (1/2)(9/16)

= 9/32

For x = 0 and y = 1,

P(X = 0, Y = 1) = P(X = 0)P(Y = 1)

= (1/2)(1/8)

= 1/16

For x = 1 and y = -1,

P(X = 1, Y = -1) = P(X = 1)P(Y = -1)

= (3/8)(5/16)

= 15/128

For x = 1 and y = 0, P(X = 1, Y = 0) = P(X = 1)P(Y = 0)

= (3/8)(9/16)

= 27/128

For x = 1 and y = 1,

P(X = 1, Y = 1) = P(X = 1)P(Y = 1)

= (3/8)(1/8)

= 3/64

Therefore, the joint PMF for X, Y is given by the following table:

x\y 5/128   9/128   1/64   5/32   9/32   1/16   15/128   27/128   3/64

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| 50 Points | Please give explanation | Reporting false answers | Giving correct brainliest

Answers

The one in the middle is right one. Because it has the same information as in the graph

Answer: answer is D

Step-by-step explanation:

because science is more important than life

Julio recibió $640.000: gastó las ⅜ partes para pagar sus estudios y la ¼ parte para reparar el auto, ¿cuánto dinero le queda?

Answers

Answer:

Resto= $240.000

Step-by-step explanation:

Dada la siguiente información:

Cantidad total de dinero= $640.000

Costo de estudio= 3/8= 0,375

Costo de auto= 1/4= 0,25

Primero debemos calcular la cantidad total gastada, y después la diferencia:

Costo de estudio= 0,375*640.000= 240.000

Costo de auto= 0,25*640.000= 160.000

Gasto total= $400.000

Resto= 640.000 - 400.000

Resto= $240.000

Jennifer painted a tabletop that is shaped like a circle. the circumference of the tabletop is 6π. Which measurement is closest to the area of the tabletop in square feet?

Answers

28.26 sq. Ft is the area of the table top

28.26 sq. Ft is the area of the table top

Help me please thanks

Answers

Answer:

64 square cm

Step-by-step explanation:

(I pulled this out of the comments in case someone else needs this answer. Easier to see as an answer than as comments in the app)

Area 2 is easier, so we’ll start with that one. Area of a rectangle is length x width.

8 x 6 = 48 square cm

Area 1 is a triangle, so the formula is 1/2(base)(height). The height of the triangle is 8, because it’s the same as the base of the rectangle. The base of the triangle is 4, because we can subtract the 6 from the rectangle from the total side length of 10. Does that make sense?

So 1/2 (4)(8)= 1/2(32) = 16 square cm

Then we add 16 + 48 = 64 square cm

The height of a cylindrical vase is 11 inches as shown below. The base of the cylinder has a diameter of 4½ inches. Which measurement is closest to the volume of the cylinder in cubic inches? * 34 points 1,710.6 cubic inches 155.51 cubic inches 699.79 cubic inches 174.95 cubic inches

Answers

Answer:

174.95

Step-by-step explanation:

Volume=πr^2h

3.142 * (4.5÷2)^2 *11

=174.95

A Gallup poll conducted in November 2010 found that 493 of 1050 adult Americans believe it is the responsibility of the federal government to make sure all Americans have healthcare coverage.
Use Minitab Express to construct the following confidence intervals. Report your answers as decimals (not percents) rounded to three decimal places, where applicable.
a) We are 95% confident that the proportion of all adult Americans who believe it is the responsibility of the federal government to make sure all Americans have healthcare coverage is between ____ and ____
b) We are 99% confident that the proportion of all adult Americans who believe it is the responsibility of the federal government to make sure all Americans have healthcare coverage is between _____ and ____

Answers

The sample proportion is calculated by dividing the number of individuals who believe it is the responsibility of the federal government (493) by the total number of adult Americans surveyed (1050).

a) For the 95% confidence interval, we use the formula: Sample proportion ± Z * (Standard error). The value of Z is determined by the desired confidence level. In this case, for a 95% confidence level, Z is the critical value corresponding to a two-tailed test. By plugging in the values, we can calculate the lower and upper limits of the interval.

b) Similarly, for the 99% confidence interval, we use the same formula but with the appropriate critical value for a 99% confidence level.

Using Minitab Express or statistical tables, we can find the critical values and compute the confidence intervals.

Hence, the 95% confidence interval represents our level of confidence that the true proportion of adult Americans who believe it is the responsibility of the federal government to provide healthcare coverage lies within the reported interval. Similarly, the 99% confidence interval provides a higher level of confidence in capturing the true proportion.

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A swimmer swims 2 kilometers every 15 minutes. If he comes to swim at the same rate which graph best represents his swimming speed in kilometers per minute

Answers

Answer:

62

Step-by-step explanation:

divide lang yan.piste kasi bat kailangan 20 letters

Answer:

la respuesta es la D

Step-by-step explanation:

la velocidad es constante

Let X be a topological space and A ⊂ X. The closure of A, denoted
A¯, is the intersection of all closed sets containing A.
(a) Show that A¯ is the smallest closed subset of X containing A, in
the following sense: if A ⊂ F ⊂ X and F is closed, then A¯ ⊂ F.

Answers

The "closure(A⁻)" of "subset-A" in a topological-space X is the intersection of all "closed-sets" containing A. It is smallest closed subset of X that contains A, means that if A⊂F⊂X and F is closed, then A⁻ is a subset of F.

In order to show that the closure(A⁻) is the smallest closed subset of X  which contains "A", we need to prove that if A ⊂ F ⊂ X and F is closed, then A⁻ ⊂ F,

We know that, A⁻ is intersection of all "closed-sets" containing A. Since F is "closed-set" which contains "A", it is one of the sets in the intersection defining A⁻. So, A⁻ is contained in F.

To show that A⁻ ⊂ F, we consider an arbitrary point x ∈ A⁻, which means that x is in the intersection of all closed sets containing A. Since, F is one such "closed-set" containing A, x must be in F as well.

Since x was an "arbitrary-point" in A⁻, we have shown that every point in A⁻ is also in F, So, A⁻ ⊂ F.

Therefore, we have proved that if A ⊂ F ⊂ X and F is closed, then A¯ ⊂ F.

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p is a plane in r3. its equation is: x 4y − 3z = 0. this plane is the nullspace of what matrix a ? find the basis for the nullspace of a. find the basis for the line p⊥ that is perpendicular to p.

Answers

The vector [1, 1, 1]ᵀ as it is symmetrical to the ordinary vector. Thus, "[1, 1, 1]T" serves as the foundation for the line p.

We can rewrite the plane's equation as a matrix equation to find the matrix A whose nullspace matches the given plane. The plane's equation is as follows:

x - 4y + 3z = 0

We can revise it in lattice structure as:

Where [A] is a 1x3 matrix and [x, y, z]T is a column vector, [A] = [0]. The rows of the matrix [A] will serve as the equation's coefficients for x, y, and z due to the equation's homogeneity and linearity.

As a result, matrix A is:

[A] = [1, -4, 3] We must solve the equation A * x = 0, where x is a column vector, in order to determine the nullspace's basis. For this situation, we really want to address:

We can represent it as a system of equations: [1, -4, 3,] [x, y, z]T = [0].

x - 4y + 3z = 0

To track down the reason for the nullspace, we settle the arrangement of conditions and express the arrangement concerning boundaries. Let's figure out the system:

x = 4y - 3z

Picking y = t (a boundary), we can revamp the arrangement as:

The nullspace of matrix A is spanned by the vector [4, 1, 1]T, so "[4, 1, 1]T" serves as the foundation for the nullspace of A. Since x = 4t, y = t, and z = t,

Presently, to find the reason for the line p⊥ that is opposite to p, we know that any vector in p⊥ is symmetrical to any vector in p. Hence, the reason for p⊥ can be found by finding a vector that is symmetrical to the ordinary vector of p (which is [1, - 4, 3]ᵀ).

We can pick the vector [1, 1, 1]ᵀ as it is symmetrical to the ordinary vector. Thus, "[1, 1, 1]T" serves as the foundation for the line p.

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Question 98 Unleaded gas is $2.80 per gallon. Which equation best represents y, the total cost at x pounds of plum?​

Answers

Answer:

y = $2.80x

Step-by-step explanation:

Based in the information given :

Cost per gallon = $2.80

Number of gallons = x

The total cost, y which is the total cost of x gallons of gas will be :

Cost per gallon * number of gallons

$2.80 * x

Hence,

y = $2.80x

I need to know how much metal is needed to make the can

Answers

Answer:

we don't have any wasted metal and everything goes perfectly. In the real world, waste is inevitable.

A one-sided significance test gives a P-value of .02. From this we can a) Reject the null hypothesis with 97% confidence. b) Reject the null hypothesis with 98% confidence. c) O Say that the probability that the null hypothesis is false is .02. d) Say that the probability that the null hypothesis is true is .02.

Answers

A one-sided significance test gives a P-value of .02. From this we can conclude that we can reject the null hypothesis with 98% confidence.

Here’s why: In statistical hypothesis testing, the p-value is the probability of obtaining a test statistic at least as extreme as the observed value, assuming that the null hypothesis is true. If the p-value is less than or equal to the significance level (α), the null hypothesis can be rejected. Conversely, if the p-value is greater than the significance level, there is insufficient evidence to reject the null hypothesis. Since a one-sided significance test was performed, we are only interested in the probability that the test statistic will fall in one tail of the distribution.

Thus, the p-value is the probability of obtaining a test statistic as extreme as the observed value in one tail of the distribution. If the p-value is .02, this means that there is a 2% chance of obtaining a test statistic as extreme or more extreme than the observed value if the null hypothesis is true. Since the p-value is less than the standard significance level of .05, we can reject the null hypothesis with 98% confidence. This is because we can be 98% confident that the true population parameter falls in the alternative hypothesis range.

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2
M2|L23
Division Diver Duo
5,626 ÷ 62
How many times can 62 go into 562

Answers

The result of 5,626 divided by 62 is approximately 90 with a remainder of 48.

To calculate the division of 5,626 by 62, you can use long division. Here are the steps:

          90

   ______________

62 | 5,626

      - 4,96

        -----

          1,66

          1,55

          ----

            110

             62

            ----

             48

Therefore, the result of 5,626 divided by 62 is approximately 90 with a remainder of 48.

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A company needs to determine the optimum power and time settings for their new licorice-flavored microwaveable popcorn. They want to find a combination of power and time that delivers high-quality popcorn with less than 11% of the kernels left unpopped, on average-a value that their market research says is demanded by their customers. Their research department experiments with several settings and determines that power 9 at 4 minutes is optimum. Their tests confirm that this setting meets the less than 11% requirement. They change the instructions on the box and promote a new money back guarantee of less than 11% unpopped kernels. Complete parts a) and b) below.
a) If, in fact, the setting results in more than 11% kernels unpopped, what kind of error have they made? What will the consequence be for the company? What are the null and alternative hypotheses in this case?
A. H_o: μ< 11 vs. H_A: μ = 11
B. H_o: μ= 11 vs. H_A: μ> 11
C. H_o: μ= 11 vs. H_A: μ< 11
D. H_o: μ> 11 vs. H_A: μ = 11
b) To be sure that the method was successful, the research department popped 8 more bags of popcorn (selected at random) at this setting. All were of high quality, with the percentages of unpopped kernels being 6.7,12.9, 10.6, 7, 7.1, 3.1, 2.0, and 4.8. Does this provide evidence that they met their goal of an average of fewer than 11% unpopped kernels? Assume α=0.05.
c) Find T
d) Find P

Answers

A The null and alternative hypotheses in this case are:

Null hypothesis: H_o: μ ≥ 11

Alternative hypothesis: H_A: μ < 11

B We have statistically significant evidence to conclude that the setting results in less than 11% kernels unpopped.

C The t-statistic is -2.94.

d) The p-value is 0.004.

How to explain the information

a) In this case, the company has made a Type I error. This is when the null hypothesis is rejected, even though it is true. In this case, the company would be rejecting the hypothesis that the setting results in less than 11% kernels unpopped, even though it is actually true. The consequence of this would be that the company would be losing money on refunds for popcorn that is not actually defective.

b) In order to answer this question, we need to calculate the t-statistic and the p-value.

The t-statistic is calculated as follows:

t = (x - μ) / (s / √n)

Substituting these values into the formula for the t-statistic, we get:

t = (6.7 - 11) / (3.5 / √8)

= -2.94

The p-value is the probability of obtaining a t-statistic that is at least as extreme as the one we observed, assuming that the null hypothesis is true. In this case, the p-value is 0.004.

c) The t-statistic is -2.94.

d) The p-value is the probability of obtaining a t-statistic that is at least as extreme as the one we observed, assuming that the null hypothesis is true. In this case, the p-value is 0.004.The p-value is 0.004.

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