How does the commerce power differ feom the currency power ?

1 answer:

5 0

It is one of the checks the legislative branch holds over the executive branch. How does the commerce power differ from the currency power? The commerce power relates to trade, both interstate and international, while the currency power relates to providing a stable monetary system.

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Using the normal approximation to the binomial, it is found that:

The mean of X is of 52 samples.
The standard deviation of X is of 4.2661 samples.
0.0017 = 0.17% probability that less than half without any traces of pesticide.

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Binomial probability distribution

Probability of exactly x successes on n repeated trials, with p probability.

Can be approximated to a normal distribution, with mean given by:

$E(X) = np$

And standard deviation of:

$\sqrt{V(X)} = \sqrt{np(1-p)}$

Normal probability distribution

Z-score formula is used, which, in a set with mean $\mu$ and standard deviation $\sigma$ , the z-score of a measure X is given by:

$Z = \frac{X - \mu}{\sigma}$

Each z-score has an associated p-value, which measures the percentile of measure X.

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65% of samples had no pesticide, thus $p = 0.65$
80 samples, thus $n = 80$

The mean of X is of:

$E(X) = np = 0.65(80) = 52$

The standard deviation of X is of:

$\sqrt{V(X)} = \sqrt{np(1-p)} = \sqrt{80(0.65)(0.35)} = 4.2661$

Using the approximation and continuity correction, the probability is $P(X < 40 - 0.5) = P(X < 39.5)$ , which is the p-value of Z when X = 39.5. Thus: