Answer:
$555,765.76
Step-by-step explanation:
1
2
4
8
16
32
64
128
256
512
1024
2048
4096
8192
16282
32564
65128
13256
26512
53024
106048
212096
424192
868384
1736768
3473536
6947072
13894144
27788288
55576576=
555,765.76
Answer:
P-value is lesser in the case when n = 500.
Step-by-step explanation:
The formula for z-test statistic can be written as

here, μ = mean
σ= standard deviation, n= sample size, x= variable.
From the relation we can clearly observe that n is directly proportional to test statistic. Thus, as the value of n increases the corresponding test statistic value also increases.
We can also observe that as the test statistic's numerical value increases it is more likely to go into rejection region or in other words its P-value decreases.
Now, for first case when our n is 50 we will have a relatively low chance of accurately representing the population compared to the case when n= 500. Therefore, the P-value will be lesser in the case when n = 500.