Answer:
The total budget is $1260
Step-by-step explanation:
Given
Required
Determine the total budget
Since all budgets was spent on Props and Costumes only.
We have that.
In other words, 55% was spent on Props
Let the total budget be x, we have:
Make x the subject
Hence, the total budget is $1260
Answer: The probability of this ocurring by chance is less than 0.01.
The meaning of the significance level is that it tells that there is difference of 1% level when there is no actual difference.
Step-by-step explanation:
Since we have given that
Number of times a coin tossed = 500
Number of times head occurs = 416
So, our Z-score would be
So, At significance level of 0.01, p-value of Z-score is .202704.
and p-value < 0.01, i.e. 0.202704<0.832.
Hence, the probability of this ocurring by chance is less than 0.01.
The meaning of the significance level is that it tells that there is difference of 1% level when there is no actual difference.