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kupik [55]
4 years ago
6

- George wanted to buy a car for $20,000. He knew he wanted to trade it in when the car had depreciated to $12,500. He knows tha

t the car depreciates at a rate of 8.75%. Rounded to the nearest tenth of a year, how long would it be before he would have to trade in his car?​
Mathematics
1 answer:
777dan777 [17]4 years ago
3 0

Answer:

yes your are correct socyeahhh

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Answer:

Step-by-step explanation:

For the sample, n = 12

Mean, x = (158.2 + 162.8 + 161.5 + 161.2 + 166.5 + 160.1 + 158.4 + 175.6 + 159.9 + 168.8 + 161.9 + 163.7)/12 = 163.22

Variance, s² = (summation(x - mean)²/n

Summation(x - mean)² = (158.2 - 163.22)^2 + (162.8 - 163.22)^2 + (161.5 - 163.22)^2 + (161.2 - 163.22)^2+ (166.5 - 163.22)^2 + (160.1 - 163.22)^2 + (158.4 - 163.22)^2 + (175.6 - 163.22)^2 + (159.9 - 163.22)^2 + (168.8 - 163.22)^2 + (161.9 - 163.22)^2 + (163.7 - 163.22)^2 = 273.5368

Variance, s² = 273.5368/12 = 22.79

This is a test for a single variance. We would set up the test hypothesis.

For the null hypothesis,

H0: σ² ≥ 25

For the alternative hypothesis,

H1: σ² < 25

The formula for determining the test statistic,x² is

x² = (n - 1)s²/σ²

Where n - 1 is the degree of freedom, df.

df = 12 - 1 = 11

x² = (11 × 22.79)/25 = 10.0276

For a test of 90% reliability, Confidence level = 0.9

Cl = 1 - alpha(level of significance)

alpha = 1 - 0.9 = 0.1

The critical value from the chi-square distribution table is 17.28. Since 17.28 > 10.0276, we would reject the null hypothesis. Therefore, the filling machine does not need repair because the variance of the process is not more than 25 oz.

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