How to find two fractions between 1/2 and 1/3
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Answer:
a) The point estimate of the proportion of items returned for the population of
sales transactions at the Houston store = 12/80 = 0.15
b) The 95% confidence interval for the proportion of returns at the Houston store = [0.0718 < p < 0.2282].
c) Yes.
We set an hypothesis and construct a test statistics. The test statistics result gives us:
Z calculated = 2.2545, and this gives us the p-value = 0.0121. We assumed 95% confident interval. Hence, the level of significance (α) = 5%. Conclusively, since the p-value ==> 0.0121 is less than (α) = 5%, the test is significant. Hence, the proportion of returns at the Houston store is significantly different from the returns for the nation as a whole.
Step-by-step explanation:
a) Point estimate of the proportion = number of returned items/ total items sold = 12/80 = 0.15.
b) By formula of confident interval:
CI(95%) = p ± Z*,
CI(95%) = [0.0718 < p < 0.2282]
c) The hypothesis:
: The proportion of returns at the Houston store is not significantly different from the returns for the nation as a whole.
: The proportion of returns at the Houston store is significantly different from the returns for the nation as a whole.
The test statistics:
Z = , where
is the proportion of nation returns.
Z calculated = 2.2545, and this gives us the p-value = 0.0121. We assumed 95% confident interval. Hence, the level of significance (α) = 5%. Conclusively, since the p-value ==> 0.0121 is less than (α) = 5%, the test is significant. Hence, the proportion of returns at the Houston store is significantly different from the returns for the nation as a whole.
The function which has range (2, infinity) from the provided function is y = 5ˣ +2. Option 4 is correct.
<h3>What is range of function?</h3>Range of a function is the set of all the possible output values which are valid for that function.
The function whose range is (2, ∞) has to be find out.
The first function given in the problem is,
This function has the periodic function with period of logarithmic function and the range of this function is all the real number. This is not the correct option.
The second function given in the problem is,
This function has the periodic function with period of logarithmic function and the range of this function is all the real number. This is not the correct option.
The fourth function given in the problem is,
This function is translated 5 units up to the function 5ˣ which has the range (0,∞).
Thus, the range of this function is (2, ∞).
Hence, the function which has range (2, infinity) from the provided function is y = 5ˣ +2. Option 4 is correct.
Learn more about range of the function here;