Please help and explain! *Serious answers only* 30 points :)
2 answers:
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Answer:
Step-by-step explanation:
Information given
n=564 represent the sample selected
X=51 represent the number of people who rated the overall services as poor
estimated proportion of people who rated the overall services as poor
is the value to compare
z would represent the statistic
Hypothsis to analyze
We want to analyze if the proportion of customers who would rate the overall car rental services as poor is 0.1, so then the system of hypothesis are:
Null hypothesis:
Alternative hypothesis:
The statistic for a one z test for a proportion is given by:
(1)
Replacing the info given we got:
And the p value since we have a bilateral test is given b:
We have to find the expected value for the PlayBall lottery.
The price of the ticket = $1
Prize amount = $250
If a player wins, he will be winning $249 as the price is not paid back along with the prize amount. He is spending $1, getting back $250, so the net amount he is getting back is $249.
Now we have to find the probability of winning and losing.
Number of letters from A to T = 20
Number of digits from 0 to 9 = 10
Probability of picking up the same letter that was picked on that day = 1/20
Probability of picking up the same number that was picked on that day = 1/10
Thus, the Probability of picking up the same letter and same number that was picked on that day =
Thus, the probability of winning = 1/200
The probability of losing =
The expected value E for the PlayBall lottery will be:
Thus, the option C gives the correct answer
The price of the ticket = $1
Prize amount = $250
If a player wins, he will be winning $249 as the price is not paid back along with the prize amount. He is spending $1, getting back $250, so the net amount he is getting back is $249.
Now we have to find the probability of winning and losing.
Number of letters from A to T = 20
Number of digits from 0 to 9 = 10
Probability of picking up the same letter that was picked on that day = 1/20
Probability of picking up the same number that was picked on that day = 1/10
Thus, the Probability of picking up the same letter and same number that was picked on that day =
Thus, the probability of winning = 1/200
The probability of losing =
The expected value E for the PlayBall lottery will be:
Thus, the option C gives the correct answer