Answer:
The correct answer is:
The customers spend more than the national average in his store
Step-by-step explanation:
The national average is $150.00 with a standard deviation of $30.20.
Sample size n =40
H0: x bar = mu
Ha: x bar >mu
(one tailed test for a single mean)
Sample average x bar = 160
Mean difference = 160-150 =10
std error = 30.20/sqrt 40
=4.775
Test statistic = 2.094
Z critical for 2.5% = 1.96 (one tailed)
Since test statistic > z critical we reject null hypothesis.
Hence the correct answer is:
The customers spend more than the national average in his store.
Answer:
Option A) The customers spend more than the national average in his store.
Step-by-step explanation:
We are given the following in the question:
Population mean, μ = $150.00
Sample mean, = $160
Sample size, n = 40
Alpha, α = 0.025
Population standard deviation, σ = $30.20
First, we design the null and the alternate hypothesis
The null hypothesis states that the consumers are spending equal to the national average. The alternative hypothesis states that consumers are spending more than the national average.
We use One-tailed z test to perform this hypothesis.
Formula:
Putting all the values, we have
Now,
Since,
We reject the null hypothesis and accept the alternate hypothesis. Thus, the customers spend more than the national average in his store.
Thus, option A) is a valid conclusion for the manager
Answer:
Stacy would spend $52.50 in buying the tickets.
Step-by-step explanation:
The total cost of tickets brought can be calculated by the formula c=3.5 t.
Here t represents the number of tickets .
It is given Stacy bought 15 tickets ,hence t=15.
The total cost of tickets Stacy bought c= 3.5(15)
Or c=52.5
Stacy would spend $52.50 in buying the tickets.
Answer:
$100 can be saved.
Step-by-step explanation:
A couch sells for = $1260
The same couch can be brought by paying 400 down payment and $80 per month for 12 months.
Total amount will be paid = 400 + (80× 12)
= 400 + 960
= $1,360
Difference between the amounts = 1360 - 1260
= $100
You can save $100 by paying the total amount at the time of the purchase.
The relationship between the rise of the chair with respect to time is required.
The ski lift chair rises
Every seconds a ski lift chair rises .
Divide by on both sides
The rate of the height increase of the ski lift chair is
Learn more about rate of change:
Answer:
Refer the figure.
Step-by-step explanation:
Let x be the number of times Emma mows the lawn
and y be the number of hours Emma babysits
Emma earns $6 each time she mows the lawn and $8 per hour for babysitting i.e.
She is saving up to buy a new pair of jeans that cost $48.
i.e.
The y-intercept of the line is the point when x=0,
y-intercept is at (0,6)
The x-intercept of the line is the point when y=0,
x-intercept is at (8,0).
The shaded area is determined by putting x and y zero.
False so the region is away from origin.
The solution is the shade area above the solid line.
Refer the attached figure.