Answer:
p = 0.07
p-hat = 0.035
p0 = 0.07
p-value = 0.003
Step-by-step explanation:
p = population parameter, in this case, the rate of infestations across all trees in the forest
p-hat = test statistic, in this case, the rate of infestations found in the sample of trees, i.e. those in Doug's backyard
p0 = the null hypothesis, in this case, the rate of infestations within the forest is correctly evaluated at 0.07 or 7%
p-value = the likelihood any difference between p and p-hat is down to chance
In this case 0.003 as the p-value means there is only 0.3% probability of our statistic value of 0.035 being down to variability and chance meaning it is 99.7% likely that there is some reason behind this difference;
We would accept the alternative hypothesis which says the current parameter value, 0.07, is in fact incorrect (either too high or too low, in this case, likely too high).
Answer:
Billy is a fly enthusiast! He has a huge glass container filled with 506 flies! One day when Billy went to feed the flies, he accidentally left the screw opened for too long, and 8 flies escaped! How many flies are left in the tank?
Answer:
329.45833333333
Step-by-step explanation:
Answer:
a) $50,880
b) $48
c) 1060
Step-by-step explanation:
a)
-320x^2 + 1920x + 48000 = 0
This is a parabola that opens downward. It has a maximum value. The maximum value occurs at x = -b/(2a)
x = -b/(2a) = (-1920)/(2(-320)) = 1920/640 = 3
The maximum revenue, y, is the value of the function evaluated at x = 3.
f(x) = -320x^2 + 1920x + 48000
f(-3) = -320(3)^2 + 1920(3) + 48000
f(-3) = 50,880
The maximum revenue is $50,880
b)
Since maximum revenue occurs at x = 3, and since x represents the number of $4 discounts, the discount is 3 * $4 = $12. The price is $60 - $12 = $48
c)
$50,880/$48 = 1060
There are 52 cards in a deck, 54 including the jokers
