answer:
The null hypothesis, denoted as H0, is a statement that assumes there is no significant difference or relationship between two variables. In this case, the null hypothesis is that the average hourly cost is $35.00.
The alternate hypothesis, denoted as Ha, is a statement that contradicts the null hypothesis and suggests that there is a significant difference or relationship between two variables. In this case, the alternate hypothesis is that the average hourly cost is less than $35.00.
To determine if the data supports the claim that the average hourly cost is less than $35.00, we need to perform a hypothesis test. The test statistic used for this type of hypothesis test is the z-score.
The formula for calculating the z-score is:
z = (x - μ) / (σ / √n)
Where:
x is the sample mean (in this case, $32.50)
μ is the population mean (in this case, $35.00)
σ is the population standard deviation (in this case, $8.10)
n is the sample size (in this case, 18)
Calculating the z-score:
z = (32.50 - 35.00) / (8.10 / √18)
z = -1.50 / (8.10 / 4.2426)
z ≈ -1.50 / 1.9109
z ≈ -0.7851
The test statistic is approximately -0.7851.
Now, we need to compare the test statistic to the critical value in the z-table. Since we are testing if the average hourly cost is less than $35.00, we are performing a one-tailed test with a significance level of 5%.
Looking up the critical value in the z-table, we find that the z-value corresponding to a significance level of 5% is approximately -1.645.
Since the test statistic (-0.7851) is greater than the critical value (-1.645), we fail to reject the null hypothesis. This means that the data does not support the claim that the average hourly cost is less than $35.00 at a significance level of 5%.
To summarize:
1. The alternate hypothesis is: Ha: μ>35
2. The test statistic is: -0.7851
3. For a significance level of 5%, the null hypothesis could be rejected?: b. No, because the test statistic is greater than the z in the table.
Alli <3
The environment and the workplace are changing due to the development of disruptive technologies that have transformed the relations of production and labor into a phenomenon called globalization. After globalization, companies started to produce in territories where labor is cheaper, opening new jobs, new markets for products and new forms of demand, such as online shopping. Understanding all this change is a complex task, but it is important for workers to understand the trends of the globalized world and to prepare to achieve the desired jobs.
The opportunity cost of computer chip production is 2.
Opportunity cost of the next best option that is forgone when one option is chosen over other options. Opportunity cost is also known as implicit cost.
In order to determine the opportunity cost divide the number of potato chips by the number of computer chips that can be made.
Opportunity cost = number of potato chips / number of computer chips
50 / 25 = 2
Please find attached the complete question. To learn more about opportunity cost, please check: brainly.com/question/623811
The compound interest is the financial phenomenon in the investment purpose where the interest charged over the principal amount becomes the part of principle after its receipt to the recepient.
The interest earned becomes the part of investment amount and over the interest amount also the interest is charged in a further period. This increases the value of investment rapidly.
The amount of withdrawal is $4,419.76
Given,
Principle amount (P)=$4,000
rate of interest (r)= 5% or 0.05
Number of months (n)= 24
Number of years (t) =2 years
The amount of withdrawal is $4,420 or as per the options, it is $4,419.76.
To know more about the power of compounding, refer to the link:
$4419.76 on apex and I don’t know how to explain it but it won’t let me post otherwise, so.... good luck this year.
Pls answer
Answer:
Junior Reserve Officers' Training Corps
Explanation:
The Junior Reserve Officers' Training Corps (JROTC -- commonly pronounced "JAY-rawtsee") is a federal program sponsored by the United States Armed Forces in high schools and also in some middle schools across the United States and United States military bases across the world.
Sources: Google and Wikipedia
Answer:
an organization for future politicians
Explanation:
b.Honor Class
c.IB
d.Concurrent Enrollment