A stock investment went up $25\%$ in 2006. Starting at this increased value, what percent would it have to go down in 2007 to be
1 answer:
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Answer:
<u>Step-by-step explanation:</u>
greater than 3 means the sum is either 4, 5, or 6.
There are 15 permutations that meet the criteria:
(1, 3), (1, 4), (1, 5), (1,6)
(2, 2), (2, 3), (2, 4), (2, 5), (2,6)
(3, 1), (3, 2), (3, 3), (3, 4), (3, 5), (3,6)
(4, 1), (4, 2), (4, 3), (4, 4), (4, 5), (4,6)
(5, 1), (5, 2), (5, 3), (5, 4), (5, 5), (5,6)
(6, 1), (6, 2), (6, 3), (6, 4), (6, 5), (6,6)
There are 6²= 36 total permutations for 2 dice.
Answer:
The test statistic value is 1.474.
Step-by-step explanation:
In this case we need to determine whether the plant is making a higher than expected number of irregular t-shirts.
If more than 8% of the t-shirts manufactured at a plant are classified as irregular, the manager has to do an investigation to try to find the source of the increased mistakes in the manufacturing process..
The hypothesis for this test can be defined as follows:
<em>H₀</em>: The proportion of irregular t-shirts is 8%, i.e. <em>p</em> = 0.08.
<em>Hₐ</em>: The proportion of irregular t-shirts is more than 8%, i.e. <em>p</em> > 0.08.
The information provided is:
<em>n</em> = 100
<em>X</em> = number of irregular t-shirts = 12
Compute the sample proportion as follows:
Compute the test statistic as follows:
Thus, the test statistic value is 1.474.