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nadezda [96]
3 years ago
14

The average gasoline price of one of the major oil companies in Europe has been $1.25 per liter. Recently, the company has under

taken several efficiency measures in order to reduce prices. Management is interested in determining whether their efficiency measures have actually reduced prices. A random sample of 49 of their gas stations is selected and the average price is determined to be $1.20 per liter. Furthermore, assume that the standard deviation of the population is $0.14.
The value of the test statistic for this hypothesis test is:
Mathematics
1 answer:
Ann [662]3 years ago
5 0

Answer:

t=\frac{1.20-1.25}{\frac{0.14}{\sqrt{49}}}=-2.50    

Step-by-step explanation:

Data given and notation  

\bar X=1.20 represent the sample mean given

\sigma = 0.14 represent the population standard deviation

n=49 sample size  

\mu_o =1.25 represent the value that we want to test

t would represent the statistic (variable of interest)  

State the null and alternative hypotheses.  

We need to conduct a hypothesis in order to check if the true mean for the gasoline prices is lower than 1.25, the system of hypothesis would be:  

Null hypothesis:\mu \geq 1.25  

Alternative hypothesis:\mu < 1.25  

If we analyze the size for the sample is > 30 but we don't know the population deviation so is better apply a t test to compare the actual mean to the reference value, and the statistic is given by:  

t=\frac{\bar X-\mu_o}{\frac{s}{\sqrt{n}}}  (1)  

Calculate the statistic

We can replace in formula (1) the info given like this:  

t=\frac{1.20-1.25}{\frac{0.14}{\sqrt{49}}}=-2.50    

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Volgvan

I would say that statistics is a mathematical subject that allows you to explain scientific data. In a similar fashion, you could use mathematics to explain the various idea in physics as you can use statistics to interpret the results of experiments and the data collected.

Hope that helped!

3 0
2 years ago
The admission fee at an amusement park is $1.50 for children and $4 for adults. On a certain day, 292 people entered the park, a
motikmotik

Answer:

<u>112 children</u>

<u>180 adults</u>

Step-by-step explanation:

Let the number of adults = A

Let the number of children = C

A + C =292

4A + 1.5C = 888. solve for A, C

A = 292 - C

4[292 - C] + 1.5C = 888

1,168 - 4C + 1.5C = 888

-2.5C = - 280

C = -280 / -2.5

C = 112 - Number of children

292 - 112 = 180 - Number of adults

6 0
3 years ago
Solve the inequality for x. Show each step of the solution. 12 x&gt;9(2x-3)-15 (I'm having trouble with this one spefically)
PSYCHO15rus [73]
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6 0
3 years ago
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8 0
3 years ago
Read 2 more answers
9
katrin2010 [14]

Answer:

230 - 151 + 180 + (43 - 12) = 290

Step-by-step explanation:

Use PEMDAS.

Evaluate the expression in the parentheses:

230 - 151 + 180 + (43 - 12)

43 - 12 = 31

230 - 151 + 180 + 31

Add and Subtract From Left to Right:

230 - 151 + 180 + 31

79 + 180 + 31

259 + 31

290

<em>None of the given options are correct. </em>

6 0
3 years ago
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