1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
olganol [36]
3 years ago
10

A researcher is testing a new painkiller that claims to relieve pain in less than 15 minutes, on average. a. State the hypothese

s associated with the researcher's test. b. Describe a Type I error for this situation. c. Describe a Type II error for this situation.
Business
1 answer:
zmey [24]3 years ago
6 0

Answer:

a. H0 : U ≥ 15

   Ha : U < 15

b. Type I error is incorrectly conclude that the pain is reduced in less than 15 minutes.

c. Type II error is fail to conclude that time for pain reduction is less than 15 mints when actually its less than 15 minutes.

Explanation:

Null hypothesis is a statement that is to be tested against the alternative hypothesis and then decision is taken whether to accept or reject the null hypothesis.

Type I error is one in which we reject a true null hypothesis.

Type II error is one in which we fail to reject the null hypothesis that is actually false.

You might be interested in
4. An investment offers $10,000 per year for 20 years. If an investor can earn 6 percent annually on other investments, what is
telo118 [61]

Answer:

PV= $114,699.21

Explanation:

Giving the following information:

Annual payment= $10,000

Number of years= 20

Interest rate= 6%

<u>To calculate the present value, we need to use the following formula:</u>

PV= A*{(1/i) - 1/[i*(1 + i)^n]}

A= annual payment

PV= 10,000*{(1/0.06) - 1 / [0.06*(1.06^20)]}

PV= $114,699.21

8 0
3 years ago
On January 1, Bramble Corp. has a beginning cash balance of $42000. During the year, the company expects cash disbursements of $
Natasha2012 [34]

Answer:

this question is confusing me

6 0
3 years ago
A supply chain management (SCM) system is an IT system that supports supply chain management activities by: a. helping decision
Evgen [1.6K]

Answer:

The correct answer is letter "B": automating the tracking of inventory and information among business processes and across companies .

Explanation:

Supply Chain Management (SCM) comprises all the steps companies take from gathering raw materials until the delivery of a final good to consumers. In the process, several resources are used such as Information Technology (IT) systems which allow measuring numerically materials, components, labor hand and hours, and the necessary resources for the manufacturing company given a period.

Besides, <em>IT systems are useful to keep track of the flow of the units being produced when they hit the warehouse shelves and when they leave the company for sale. This information is useful for the plant and its suppliers.</em>

3 0
4 years ago
Gross pay minus deductions is known as take home pay.<br><br> True<br> False
IceJOKER [234]
Gross pay minus deductions<span>. Also </span>called take-home pay<span>. A special checking account used to </span>pay<span> a company's employees. A manual or computerized schedule prepared for each payroll period listing the earnings, </span>deductions<span>, and net </span>pay<span> for each employee.

Hopes this information helps

</span>
6 0
3 years ago
An economy has a Cobb-Douglas production function:Y=K? (LE) 1-?.The economy has a capital share of a half, a saving rate of 24 p
Nina [5.8K]

Find the attachments sequence wise for complete solution

4 0
3 years ago
Other questions:
  • Why is it important for business to know exchange rates?
    9·1 answer
  • Herb Company manufactured more product than it was able to sell during the current year. If the salaries of the sales staff of H
    13·1 answer
  • Superstores that are actually giant specialty stores and have seen tremendous growth recently are called​ _______.
    5·1 answer
  • Providing training for unemployed individuals is primarily intended to reduce
    11·1 answer
  • Skolits Corp. issued 15-year bonds 2 years ago at a coupon rate of 7.3 percent. The bonds make semiannual payments. If these bon
    8·1 answer
  • Corporate social responsibility (CSR) is the obligation Multiple Choice
    11·1 answer
  • Sam owns a small apartment building. This is the only rental building that Sam owns. During the year, Sam incurs the following e
    10·1 answer
  • Suppose public authorities were contemplating locating a hazardous waste incinerator in a particular community. If the members o
    7·1 answer
  • Adjusting Entries and Adjusted Trial Balances
    13·1 answer
  • Prob(Total time in process &gt; t) = EXP(-t/T) T = (1/(Rp - Ri)) = (1 / Rs) R = min(Ri, Rp) u=R/Rp Dominic runs an appliance rep
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!