A bank is offering 7% annual compound

At Western University the historical mean of scholarship examination scores for freshman applications is 900. A historical popul

vampirchik [111]

Answer:

a) Null Hypothesis: $\mu =900$

Alternative hypothesis: $\mu \neq 900$

b) The 95% confidence interval would be given by (910.05;959.95)

c) Since we confidence interval not ocntains the value of 900 we fail to reject the null hypothesis that the true mean is 900.

d) $z=\frac{935 -900}{\frac{180}{\sqrt{200}}}=2.750$

Since is a bilateral test the p value is given by:

$p_v =2*P(Z>2.750)=0.0059$

Step-by-step explanation:

a. State the hypotheses.

On this case we want to check the following system of hypothesis:

Null Hypothesis: $\mu =900$

Alternative hypothesis: $\mu \neq 900$

b. What is the 95% confidence interval estimate of the population mean examination score if a sample of 200 applications provided a sample mean x¯¯¯= 935?

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".

The margin of error is the range of values below and above the sample statistic in a confidence interval.

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

$\bar X=935$ represent the sample mean for the sample

$\mu$ population mean (variable of interest)

$\sigma=180$ represent the population standard deviation

n=200 represent the sample size

The confidence interval for the mean is given by the following formula:

$\bar X \pm z_{\alpha/2}\frac{\sigma}{\sqrt{n}}$ (1)

In order to calculate the mean and the sample deviation we can use the following formulas:

$\bar X= \sum_{i=1}^n \frac{x_i}{n}$ (2)

$s=\sqrt{\frac{\sum_{i=1}^n (x_i-\bar X)}{n-1}}$ (3)

The mean calculated for this case is $\bar X=3278.222$

The sample deviation calculated $s=97.054$

Since the Confidence is 0.95 or 95%, the value of $\alpha=0.05$ and $\alpha/2 =0.025$ , and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-NORM.INV(0.025,0,1)".And we see that $z_{\alpha/2}=1.96$

Now we have everything in order to replace into formula (1):

$935-1.96\frac{180}{\sqrt{200}}=910.05$

$935+1.96\frac{180}{\sqrt{200}}=959.95$

So on this case the 95% confidence interval would be given by (910.05;959.95)

c. Use the confidence interval to conduct a hypothesis test. Using α= .05, what is your conclusion?

Since we confidence interval not ocntains the value of 900 we fail to reject the null hypothesis that the true mean is 900.

d. What is the p-value?

The statistic is given by:

$z=\frac{\bar X -\mu}{\frac{\sigma}{\sqrt{n}}}$

If we replace we got:

$z=\frac{935 -900}{\frac{180}{\sqrt{200}}}=2.750$

Since is a bilateral test the p value is given by:

$p_v =2*P(Z>2.750)=0.0059$

So then since the p value is less than the significance we can reject the null hypothesis at 5% of significance.

8 0

3 years ago

Can you please help me I need help

DaniilM [7]

I think its C. 7x3 = 21. 7x18 = 126. 9x7 = 63
If you all that the answer its 210. If you estimate what that little part above the farthest to the right shape, I'd say its near 18 to 21. Then add 210 with either numbers 18 through 21, it would be close to 227 square meters.

3 0

3 years ago

∠ABC measures 124° and ∠MNO measures 56°. Therefore, the two angles are

valkas [14]

Answer:

Supplementary

Step-by-step explanation:

Since the two angles add up to 180 degrees, they are supplementary

3 0

2 years ago

What is the radius of a sphere who’s surface area is 100 square centimeters

lord [1]