Marta has $840 in her savings account. She earns $15 per hour working at a food truck and puts all of her earnings into the bank
1 answer:
Let h = the number of hours Marta works
Her savings in her account can be calculated by:
840 + 15h
This needs to be at least $2650 for her trip, so an inequality to solve:
840 + 15h ≥ 2650, where h is the number of hours worked
Now solve:
15h ≥ 1810
h ≥ 1810/15
h ≥
Marta needs to work at least hours in order to have enough money for her trip.
You might be interested in
Answer:
So the p value obtained was a very low value and using the significance level given we have
so we can conclude that we have enough evidence to reject the null hypothesis, and we can said that at 1% of significance the proportion of interest is significantly higher than 0.012 (1.2%)
Step-by-step explanation:
Data given and notation
n=1655 represent the random sample taken
estimated proportion of interest
is the value that we want to test
represent the significance level
Confidence=99% or 0.99
z would represent the statistic (variable of interest)
represent the p value (variable of interest)
Concepts and formulas to use
We need to conduct a hypothesis in order to test the claim that true proportions is higher than 0.012.:
Null hypothesis:
Alternative hypothesis:
When we conduct a proportion test we need to use the z statisitic, and the is given by:
(1)
The One-Sample Proportion Test is used to assess whether a population proportion is significantly different from a hypothesized value
.
Calculate the statistic
Since we have all the info requires we can replace in formula (1) like this:
Statistical decision
It's important to refresh the p value method or p value approach . "This method is about determining "likely" or "unlikely" by determining the probability assuming the null hypothesis were true of observing a more extreme test statistic in the direction of the alternative hypothesis than the one observed". Or in other words is just a method to have an statistical decision to fail to reject or reject the null hypothesis.
The significance level provided . The next step would be calculate the p value for this test.
Since is a right tailed test the p value would be:
So the p value obtained was a very low value and using the significance level given we have
so we can conclude that we have enough evidence to reject the null hypothesis, and we can said that at 1% of significance the proportion of interest is significantly higher than 0.012 (1.2%)