9.0, 7.3, 6.0, 8.8, 6.8, 8.4, and 6.6 pounds.
If Alpha = 0.05,
1. What is the critical t-value?
2. What is the decision for a statistically significant change in average weights at birth at the 5% level of significance?
Answer:
1. Critical value t=±2.447
2. The null hypothesis is failed to be rejected.
At a significance level of 0.05, there is not enough evidence to support the claim that the birth weight significantly differs from 6.6 lbs.
Step-by-step explanation:
This is a hypothesis test for the population mean.
The claim is that the birth weight significantly differs from 6.6 lbs.
Then, the null and alternative hypothesis are:
The significance level is 0.05.
The sample has a size n=7.
The sample mean is M=7.56.
As the standard deviation of the population is not known, we estimate it with the sample standard deviation, that has a value of s=1.18.
The estimated standard error of the mean is computed using the formula:
Then, we can calculate the t-statistic as:
The degrees of freedom for this sample size are:
For a two-tailed test with 5% level of significance and 6 degrees of freedom, the critical value for t is ±2.447.
As the test statistic t=2.152 is under 2.447 and over -2.447, it falls in the acceptance region, so the effect is not significant. The null hypothesis is failed to be rejected.
At a significance level of 0.05, there is not enough evidence to support the claim that the birth weight significantly differs from 6.6 lbs.
Sample mean and standard deviation calculations:
Answer:
The optimal strategy for Bob is buying for shine (unless he can watch a forecast to know the next day weather).
Step-by-step explanation:
This is a typical problem of hopes to win vs hopes to lose. Let's analyze each of the strategies Bob can adopt in both kinds of weather.
Bob buy for rain:
Bob will buy 500 umbrellas for a cost of $5 each. This is a total cost of $2500.
If it rain, Bob can sell all umbrellas for $10 each. This gives a maximum revenue of $5000. Therefore the maximum profit is $2500. Remember that:
Profit= Revenue - Cost
If it's a sunny day, Bob can only sell 100 umbrellas for $10 each. This gives a maximum revenue of $1000. Therefore the maximum profit is -$1500. That means that in this case, the minimum loss is $1500.
Bob buy for Shine:
Bob will buy 100 umbrellas for a cost of $5 each and 1000 sunglasses for a cost of $2 each. This is a total cost of $2500.
If it's a sunny day, Bob can only sell all umbrellas for $10 each and all sunglasses for $5. This gives a maximum revenue of $6000. Therefore the maximum profit is $3500.
If it rains, Bob can sell only sell all the 100 umbrellas for $10 each but none of the sunglasses. Therefore the maximum profit is $1000. Therefore the maximum profit is -$1500. That means that in this case, the minimum loss is $1500.
In both cases, the worst-case scenario is the same: a loss of $1500.
Nevertheless in the best case scenario buying to shine gives a bigger profit. Therefore if the risk is the same, is better to go for the strategy with better profits.
s(x)=x²-2
Find the value of r(s(-4)).
Answer:
there is a 64% chance that the student got both problems wrong
a 32% chance that they got only 1 correct
and a 4% chance that they got both correct
Step-by-step explanation:
There are 25 total possible combinations of answers, with 8 possible combinations where the student would get 1 answer right, and 1 combination where the student would get both answers correct.
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Answer:
The 99% confidence interval for the true mean amount of time Americans spend social networking each day is (3.02 hours, 3.36 hours).
Step-by-step explanation:
The (1 - α)% confidence interval for population mean when the population standard deviation is not known is:
The information provided is:
Confidence level = 99%.
Compute the critical value of t for 99% confidence interval and (n - 1) degrees of freedom as follows:
*Use a t-table.
Compute the 99% confidence interval for the true mean amount of time Americans spend social networking each day as follows:
Thus, the 99% confidence interval for the true mean amount of time Americans spend social networking each day is (3.02 hours, 3.36 hours).
In mathematics, the order of operations and mathematical conventions are vital to ensure the correct solution of equations. This includes principles like scientific notation for handling large or small numbers, and dimensional analysis for ensuring the validity of equations involving different units of measurement.
The order of operations and mathematical convention are fundamental in accurately solving mathematical equations or expressions. This involves following certain rules, such as the use of scientific notation or the principles of dimensional analysis, to ensure equations and operations are performed correctly and yield valid results.
Take for example scientific notation, used for expressing very large or small numbers. When multiplying two numbers expressed in scientific notation, the process is simplified: you multiply coefficients and add exponents. E.g., (3 × 105) × (2 × 109) = 6 × 1014.
Alternatively, dimensional analysis is a technique used to check the validity of equations involving mathematical operation on quantities. It works on the premise that the units of these quantities have to undergo the same mathematical operations as their numbers. This ensures consistency and coherence of dimensions and units in the expression or equation, preventing impossible situations such as adding length to time.
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