Answer:
z-test.
Step-by-step explanation:
We want to perform an hypothesis test for a population mean.
In the case that the <u>standard deviation of the population is known</u> and the population distribution is normal, even if the sample is small, <u>we will use a z-test</u>.
The usual case is to not know the standard deviation of the population, in which case a t-test is adequate instead of a z-test, taking into account the degrees of freedom of the sample.
850 x 0.05 = 42.5
850 + 42.5 = 892.5
She earned 42.5
And 892.5 she wardens at the end of four years
Answer:
A number that measures the likelihood that the event will occur.
Step-by-step explanation:
Probability is a measure of the frequency of occurrence of a phenomenon, the value of which can be expressed qualitatively or quantitatively. Probability is quantified as a real number between 0 and 1, although sometimes probability is also expressed as a percentage. The probability is 0 when the event cannot or will never happen, and the probability is 1 when it happens for sure or it always happens. If the probability is between these values, the event is not common and its occurrence is uncertain. The higher the probability value, the more common the event is or the more certain it will occur.
If the coefficient of demand for the SUV is 0.75 this means that it has a relatively inelastic demand since it is less than. In other words, there is only a little alteration in demand when prices change.
So when the price of SUV rise by 15%, and it has a coefficient of 0.75, we can anticipate only 11.25% decrease in its demand. This is for the reason that the SUVs do not have many substitutes for it.
So to solve:
(x/15%) = 0.75
Then simply solve for x:
x = (0.75)(0.15) = 11.25%
