Answer:
Interval is given with 97% confidence. Thus there is 3% probability that interval is not true.
Step-by-step explanation:
In Statistics, estimated intervals are given with some confidence level. In this example person develop the interval with 97% confidence.
<em>Statistically</em>, this means that the person can be 97% sure (not 100%) that population mean is 74.3 < µ < 78.3. There is still 3% probability that population mean falls outside of the interval.
Small sample size may also lead wrong estimates.
Step-by-step explanation:
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Answer:
See explanation below
Step-by-step explanation:
Here, a director of manufacturing must convince management that a proposed manufacturing method reduces costs before the new method can be implemented. The current production method operates with a mean cost of $220 per hour.
a) The alternative and null hypotheses would be:
H0: μ ≥ 220
Ha: μ < 220
b) Comment on the conclusion when H0 cannot be rejected:
When we fail to reject the null hypothesis H0, there is not enough evidence to conclude that the mean cost can be reduced from $220. Therefore the manager's proposed method cannot be implemented.
c) Comment on the conclusion when H0 can be rejected:
When the null hypothesis, H0 is rejected, there is enough evidence to conclude that the mean cost can be reduced from from $220. Therefore the manager's proposed method can be implemented.
The answer is C, because to find IQR you have to find the difference (subtract) of the first and third quartile
Answer:
Ratios in a percent proportion always have a denominator of 100 because 100 % is the whole
Step-by-step explanation:
