The answer to the questions is the second one
Answer:
y= -7x+7
Step-by-step explanation:
y= mx+b
y= slope x+ y intercept
There are winnings of $50 ( 60% ), $100 ( 20% ) and $1,000 ( 2% ).
$50 * 0.6 = $30
$100 * 0.2 = $20
$1,000 * 0.02 = $20
$30 + $20 + $20 = $70
Answer: The expected payout per fan is $70.
Answer:
The correct option is C) The results were not statistically significant but were practically significant.
Step-by-step explanation:
Consider the provided information.
They found that the difference in these shelf lives had a p-value of 0.24. Assume an α of 0.05.
We reject the null hypothesis if p value is less than α.
We are fail to reject null hypothesis if p value is greater or equal to α.
Here p value is greater than 0.05.
So, we do not reject null hypothesis and conclude that result is not statistically significant. But, there is a practical difference between 3 days and 7 days.
Therefore, the correct option is C) The results were not statistically significant but were practically significant.
