What is the answer to this question?

Suppose a consumer group suspects that the proportion of households that have three cell phones NOT known to be 30%. A cell phon

leva [86]

Answer:

We conclude that the actual percentage of households is equal to 30%.

Step-by-step explanation:

We are given that a consumer group suspects that the proportion of households that have three cell phones NOT known to be 30%.

Their marketing people survey 150 households with the result that 43 of the households have three cell phones.

Let p = proportion of households that have three cell phones NOT known.

So, Null Hypothesis, $H_0$ : p = 30% {means that the actual percentage of households is equal to 30%}

Alternate Hypothesis, $H_A$ : p $\neq$ 30% {means that the actual percentage of households different from 30%}

The test statistics that would be used here One-sample z-test for proportions;

T.S. = $\frac{\hat p-p}{\sqrt{\frac{p(1-p)}{n} } }$ ~ N(0,1)

where, $\hat p$ = sample proportion of households having three cell phones = $\frac{43}{150}$ = 0.29

n = sample of households = 150

So, the test statistics = $\frac{0.29-0.30}{\sqrt{\frac{0.30(1-0.30)}{150} } }$

= -0.27

The value of z test statistic is -0.27.

Also, P-value of the test statistics is given by;

P-value = P(Z < -0.27) = 1 - P(Z $\leq$ 0.27)

= 1 - 0.6064 = 0.3936

Now, at 1% significance level the z table gives critical value of -2.58 and 2.58 for two-tailed test.

Since our test statistic lies within the range of critical values of z, so we have insufficient evidence to reject our null hypothesis as it will not fall in the rejection region due to which we fail to reject our null hypothesis.

Therefore, we conclude that the actual percentage of households is equal to 30%.

4 0

3 years ago

What is the equation of the vertical line through (-5,-2)?

vesna_86 [32]

Answer:

y is undefined

Step-by-step explanation:

if you have a vertical line, it will always be undefined

6 0

3 years ago

Read 2 more answers

4x + 4y + 2z = 8

Vikentia [17]

The answer is no, because the first two equations are right but the third equation equals -16 instead of -15. So the answer is no (2,-2,4) is not the solution to all the system of equations.

5 0

3 years ago

Marilyn uses a credit card with a 19.9% APR compounded monthly to pay for car repairs totaling $991.38. She can pay $410 per mon

Leokris [45]

Marilyn's finance charge at the end of the first month will be
$991.38 × 0.199/12 = $16.44
The balance subject to the next month's finance charge will be
$991.38 +16.44 -410.00 = $597.82

The finance charge at the end of the second month will be
$597.82 × 0.199/12 = $9.91
The balance remaining after the second payment will be
$597.82 +9.91 -410.00 = $197.73

The finance charge applied at the end of the third month is
$197.73 × .199/12 = $3.28
so Marilyn can make one final payment of
$197.73 +3.28 = $201.01
to pay off the balance.

In all, Marilyn has paid 2×$410.00 +201.01 =
$1021.01 . . . . . . . . corresponds to the first choice

_____
In real life, Marilyn's credit card may not accrue any finance charge until after the first statement on which the charge appears. Thus the total cost of the purchase may be only $1004.02. The attached spreadsheet shows the beginning balance and the finance charges for each month for the two different scenarios.

8 0

3 years ago

The average maximum temperature in January for Killeen, Texas is 59º F. The average maximum temperature in January for Buffalo,

steposvetlana [31]

A.29 degrees warmer I hope this helps you

5 0

4 years ago