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Semmy [17]
3 years ago
13

HELP ASAP, PLEASE!!!!

Mathematics
1 answer:
GalinKa [24]3 years ago
5 0

Using the t-distribution, as we have the standard deviation for the sample, we have that the test statistic is given by:

t = \frac{-20 - 0}{\sqrt{\frac{32.66}{7}}}

<h3>What are the hypothesis tested?</h3>

At the null hypothesis, it is tested if there is no difference, that is:

H_0: \mu = 0

At the alternative hypothesis, it is tested if there is a difference, that is:

H_1: \mu \neq 0

<h3>What is the test statistic?</h3>

The test statistic is given by:

t = \frac{\overline{x} - \mu}{\frac{s}{\sqrt{n}}}

The parameters are:

  • \overline{x} is the sample mean.
  • \mu is the value tested at the null hypothesis.
  • s is the standard deviation of the sample.
  • n is the sample size.

In this problem, \mu = 0 is tested at the null hypothesis, and the sample is: 20, -40, -40, 0, 20, - 60, -40, hence:

\overline{x} = -20, s = \sqrt{32.66}, n = 7.

Hence, the test statistic is:

t = \frac{\overline{x} - \mu}{\frac{s}{\sqrt{n}}}

t = \frac{-20 - 0}{\frac{\sqrt{32.66}}{\sqrt{7}}}

t = \frac{-20 - 0}{\sqrt{\frac{32.66}{7}}}

More can be learned about the t-distribution at brainly.com/question/16313918

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It is important to note the details already given in the question. Based on those details the answer to the question can be easily determined. Now let us focus on the question given.
Cost price of the product in question = $360
Percentage of gain on the product = 12.5%
Then
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a bank manager wants to know the mean amount of mortgage paid per month by homeowners in an area. a random sample of 120 homeown
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Answer:

[ 1,532.41, 1,617.59]

Step-by-step explanation:

Data provided :

Sample size, n = 120

Mean = $1,575

Standard deviation = $215

Confidence level = 97%

Now,

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