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2 answers:
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First, you would need to create an equation for this problem. Let x represent the unknown tax.
= 
Next, you would cross multiply.
100x = 52.5
Now, all you would have to do is isolate the x. To do this, you would divide both sides by 100.
x = $0.525
I hope this helps!
Next, you would cross multiply.
100x = 52.5
Now, all you would have to do is isolate the x. To do this, you would divide both sides by 100.
x = $0.525
I hope this helps!
Answer:
We conclude that the valve performs above the specifications.
Step-by-step explanation:
We are given the following in the question:
Population mean, μ = 6.3 pounds per square inch
Sample mean, = 6.5 pounds per square inch
Sample size, n = 130
Alpha, α = 0.02
Population standard deviation, σ = 0.8
First, we design the null and the alternate hypothesis
We use one-tailed z test to perform this hypothesis.
Formula:
Putting all the values, we have
Now,
Decision rule:
If the calculated statistic is greater than the the critical value, we reject the null hypothesis and if the calculated statistic is lower than the the critical value, we accept the null hypothesis
Since,
We fail to accept the null hypothesis and reject the null hypothesis. We accept the alternate hypothesis.
Thus, we conclude that the valve performs above the specifications.