1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
HACTEHA [7]
3 years ago
14

Since many people have trouble programming their dvd​ players, an electronics company has developed what it hopes will be easier

instructions. the goal is to have at least 9595​% of customers succeed at being able to program their dvd players. the company tests the new system on 100100 ​people, 9292 of whom were successful. is this strong evidence that the new system fails to meet the​ company's goal? a​ student's test of this hypothesis is provided. how many mistakes can you​ find?
Business
1 answer:
tatyana61 [14]3 years ago
4 0

Answer:

z=\frac{0.92-0.95}{\sqrt{\frac{0.95(1-0.95)}{100}}}=-1.376  

p_v =P(z  

So the p value obtained was a very low value and using the significance level given \alpha=0.05 we have p_v>\alpha so we can conclude that we have enough evidence to FAIL to reject the null hypothesis, and we can said that at 5% of significance the proportion of  interest is not significantly lower than 0.95, so then the program works since we fail to reject the null hypothesis.

Explanation:

Data given and notation

n=100 represent the random sample taken

X=92 represent the successful

\hat p=\frac{92}{100}=0.92 estimated proportion of successes

p_o=0.95 is the value that we want to test

z would represent the statistic (variable of interest)

p_v represent the p value (variable of interest)  

Concepts and formulas to use  

We need to conduct a hypothesis in order to test the claim that the true proportion is lower than 0.95 or no.:  

Null hypothesis:p\geq 0.95  

Alternative hypothesis:p < 0.95  

When we conduct a proportion test we need to use the z statisitc, and the is given by:  

z=\frac{\hat p -p_o}{\sqrt{\frac{p_o (1-p_o)}{n}}} (1)  

The One-Sample Proportion Test is used to assess whether a population proportion \hat p is significantly different from a hypothesized value p_o.

Calculate the statistic  

Since we have all the info required we can replace in formula (1) like this:  

z=\frac{0.92-0.95}{\sqrt{\frac{0.95(1-0.95)}{100}}}=-1.376  

Statistical decision  

It's important to refresh the p value method or p value approach . "This method is about determining "likely" or "unlikely" by determining the probability assuming the null hypothesis were true of observing a more extreme test statistic in the direction of the alternative hypothesis than the one observed". Or in other words is just a method to have an statistical decision to fail to reject or reject the null hypothesis.  

The significance level assumed \alpha=0.05. The next step would be calculate the p value for this test.  

Since is a left tailed test the p value would be:  

p_v =P(z  

So the p value obtained was a very low value and using the significance level given \alpha=0.05 we have p_v>\alpha so we can conclude that we have enough evidence to FAIL to reject the null hypothesis, and we can said that at 5% of significance the proportion of  interest is not significantly lower than 0.95, so then the program works since we fail to reject the null hypothesis.

You might be interested in
TCBW last year had an average collection period (days sales outstanding) of 33 days based on accounts receivable of $350,000. Al
sergeinik [125]

Answer:

$296,969.70

Explanation:

Days of sales outstanding = number of days in a period / receivables turnover

Receivables turnover = revenue / average receivables

33 = 365 / receivables turnover

receivables turnover = 11.060606

11.060606 = revenue / $350,000

revenue = $3,871,212.12

with the new policy and same revenue :

28 = 365  / receivables turnover

receivables turnover = 13.035714

13.035714 = $3,871,212.12 / average receivables

= $296,969.70

7 0
2 years ago
When consumers are characterized as preservers, makers, takers, changers, seekers, or escapers, this is because these reflect th
Nimfa-mama [501]

When consumers are characterized as preservers, makers, takers, changers, seekers, or escapers, this is because these reflect their "view of society."

<h3>What is economic sociology?</h3>

Economic sociology is the study of the manufacturing, distribution, transfer, and consumption of products and services using sociological concepts and methods.

Some key features regarding the economic sociology are-

  • Economic sociology is especially concerned with the connections between economic activity and the rest of society, as well as changes in the organizations that contextualize as well as condition economic activity.
  • Although traditional economic analysis begins with the atomistic individual, economic sociology typically starts with groups or entire societies, which it opinions as existing independently of it and partially comprising the individual.
  • When economic sociologists focus on individuals, it is usually to investigate how their mutual interests, beliefs, as well as motivations to act are formed through their interactions.

To know more about the economic sociology, here

brainly.com/question/27896828

#SPJ4

4 0
1 year ago
Bob and Lisa are both married, working adults. They both plan for retirement and consider the $2,000 annual contribution a must.
ikadub [295]

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Download xlsx
6 0
3 years ago
If sales volume increases and all other factors remain constant, then the:______.
Montano1993 [528]

If sales volume increases and all other factors remain constant, then the Margin of safety will increase

Explanation:

The margin for safety (MOS) is described as an overall excess of current or expected revenue, expressed either in terms of currency or in units, or as a percentage of total revenues.

One of the main ways to increase the safety margin is through increasing the gross value per unit (if business conditions are favourable) and by reducing the variable cost per unit of the good. This can be accomplished by rising selling costs.

6 0
3 years ago
On September 15, 2021, the Scottie Company board of directors declared a 8% stock dividend on common shares. The shares are to b
iren [92.7K]

Answer:

Date         General Journal                             Debit           Credit

Sept 15     Stock dividend                           $2,342,400

                 (1,200,000*8%*24.4)

                         Common Stock dividend distributable    $480,000

                          (1,200,000*8%*5)

                          Paid in capital in excess of par-              $1,862,400

                          Common Stock

Oct 1         No Journal entry

Oct 10       Common Stock dividend             $480,000

                 distributable  

                           Common Stock                                          $480,000

3 0
2 years ago
Other questions:
  • Jessica and ted wanted to hang out on saturday, but they wanted to do very different activities. jessica wanted to go look for n
    14·1 answer
  • If the supply function for a commodity is p = q2 + 6q + 16 and the demand function is p = −7q2 + 2q + 436, find the equilibrium
    11·1 answer
  • Take Time Corporation will pay a dividend of $4.10 per share next year. The company pledges to increase its dividend by 6 percen
    11·1 answer
  • If we could accurately forecast interest rates, financing decisions would be easy. Although it's difficult to predict future int
    9·1 answer
  • Megan, an agent for a department store, orders one hundred dresses from Sal’s Clothing Shop for the Spring Blossom Sale. There i
    12·1 answer
  • 3 Points
    5·1 answer
  • A​ country's travel exports​ (good and services that international travelers buy while visiting the​ country) are increasing exp
    10·1 answer
  • Which one of the following is a leakage from circular flow of income?
    14·1 answer
  • The company's adjusted trial balance includes the following account balances cash is 15000 equipment is 85000 accumulated deprec
    12·1 answer
  • Puget World, Inc., manufactures two models of television sets, the N 800 XL model and the N 500 model. Data regarding the two pr
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!