Liquidity refers to the degree of readiness of conversion of an asset into common stock.

A recent health report revealed that a woman with insurance spends an average of 2.3 days in the hospital following a routine ch

cupoosta [38]

Answer:

$t=\frac{2.3-1.9}{\sqrt{\frac{0.6^2}{16}+\frac{0.3^2}{16}}}}=2.385$

$p_v =2*P(t_{30}>2.385)=0.0236$

Comparing the p value with the significance level given $\alpha=0.01$ we see that $p_v>\alpha$ so we can conclude that we FAIL to reject the null hypothesis

The confidence interval would be given by:

$(2.3 -1.9) - 2.75*\sqrt{\frac{0.6^2}{16}+\frac{0.3^2}{16}}}=-0.0611$

$(2.3 -1.9) + 2.75* \sqrt{\frac{0.6^2}{16}+\frac{0.3^2}{16}}}=0.861$

Step-by-step explanation:

Data given and notation

$\bar X_{insurance}=2.3$ represent the mean for insurance

$\bar X_{No. ins}=1.9$ represent the mean withour insurance

$s_{Insurance}=0.6$ represent the sample standard deviation for the insurance case

$s_{No. Ins}=0.3$ represent the sample standard deviation for the No insurance case

$n_{Insurance}=16$ sample size for insurance

$n_{No. Iss}=16$ sample size for no insurance

t would represent the statistic (variable of interest)

$\alpha=0.01$ significance level provided

Develop the null and alternative hypotheses for this study?

We need to conduct a hypothesis in order to check if the means for the two groups are different, the system of hypothesis would be:

Null hypothesis: $\mu_{Insu}=\mu_{No. Ins}$

Alternative hypothesis: $\mu_{Ins} \neq \mu_{No. Ins}$

Since we know the population deviations for each group, for this case is better apply a z test to compare means, and the statistic is given by:

$t=\frac{\bar X_{Ins}-\bar X_{No.Ins}}{\sqrt{\frac{s^2_{Ins}}{n_{Ins}}+\frac{s^2_{No. Ins}}{n_{No. Ins}}}}$ (1)

t-test: Is used to compare group means. Is one of the most common tests and is used to determine whether the means of two groups are equal to each other.

Calculate the value of the test statistic for this hypothesis testing.

Since we have all the values we can replace in formula (1) like this:

$t=\frac{2.3-1.9}{\sqrt{\frac{0.6^2}{16}+\frac{0.3^2}{16}}}}=2.385$

What is the p-value for this hypothesis test?

The degrees of freedom are given by:

$df = n_{ins} +n_{No Ins}-2=16+16-2 =30$

Since is a bilateral test the p value would be:

$p_v =2*P(t_{30}>2.385)=0.0236$

Based on the p-value, what is your conclusion?

Comparing the p value with the significance level given $\alpha=0.01$ we see that $p_v>\alpha$ so we can conclude that we FAIL to reject the null hypothesis

The confidence interval would be given by:

$(2.3 -1.9) - 2.75*\sqrt{\frac{0.6^2}{16}+\frac{0.3^2}{16}}}=-0.0611$

$(2.3 -1.9) + 2.75* \sqrt{\frac{0.6^2}{16}+\frac{0.3^2}{16}}}=0.861$

6 0

2 years ago

What value of x is in the solution set of 4x - 123 16 + 8x?

Monica [59]

Answer:

the value of x is in the solution set of 4x-12<16=8x

Step-by-step explanation:

multiply the 4x take away from 12= 8x

4 0

2 years ago

Sean is employed as a truck driver. He drives x hours a week and is paid $21.60 per hour. Also he is paid $250 for food per week

allsm [11]

Answer:

Hours driven= 40 hours

Step-by-step explanation:

Giving the following information:

Variable income= $21.6 per hour

Fixed income= $250

Total income= $1,114

<u>To calculate the number of hours driven, we need to use the following formula:</u>

Total income= fixed income + hourly rate*number of hours

1,114 = 250 + 21.6*x

864 = 21.6x

864 / 21.6 = x

40=x

Hours driven= 40 hours

5 0

3 years ago

HELP ASAP !! NEED ANSWERS !!!

satela [25.4K]

Answer: 180 degrees clockwise

Step-by-step explanation:

4 0

3 years ago

Help me out with this question please mathematic ✏️

Free_Kalibri [48]

Answer:

the second bubble is the answer

Step-by-step explanation:

7 0

2 years ago