Answer:
<em>Expected Payoff ⇒ $ 1.50 ; Type in 1.50</em>
Step-by-step explanation:
Considering that 1 out of the 100 tickets will have a probability of winning a 150 dollar prize, take a proportionality into account;
<em>Thus, Solution ; Expected Payoff ⇒ $ 1.50</em>
Answer:
Step-by-step explanation:
Given that:
mean μ = 70
sample size = 25
sample mean = 73
standard deviation = 7
level of significance = 0.10
The null hypothesis and the alternative hypothesis can be computed as follows:
The z score for this statistics can be calculated by using the formula:
z = 2.143
At level of significance of 0.10
degree of freedom = n -1
degree of freedom = 25 - 1
degree of freedom = 24
The p - value from the z score at level of significance of 0.10 and degree of freedom of 24 is:
P - value = 1 - (Z < 2.143)
P - value = 1 - 0.9839
P - value = 0.0161
Decision Rule: since P value is lesser than the level of significance, we reject the null hypothesis.
Conclusion: We conclude that energy drink consumption increases heart rate.