Answer:
We conclude that the daily average revenue was actually $675.
Step-by-step explanation:
We are given that the current owner claims that over the past 5 years, the average daily revenue was $675 with a standard deviation of $75.
A sample of 30 days reveals a daily average revenue of $625.
<u><em>Let </em></u>
<u><em> = daily average revenue.</em></u>
So, Null Hypothesis, 
: = $675 {means that the daily average revenue was $675}
Alternate Hypothesis, 
: 
$675 {means that the daily average revenue was different from $675}
The test statistics that would be used here <u>One-sample z test statistics</u> as we know about the population standard deviation;
T.S. = 
~ N(0,1)
where, 
= sample daily average revenue = $625
= population standard deviation = $75
n = sample of days = 30
Since, we are given that we have decided not to reject the null hypothesis which leads us to the conclusion that the daily average revenue was actually $675.
Answer:
Step-by-step explanation:
The equation of a straight line can be represented in the slope intercept form as
y = mx + c
Where
m = slope = (change in the value of y on the vertical axis) / (change in the value of x on the horizontal axis)
The equation of the given line is
9x+7y=4
7y = 4 - 9x = -9x + 4
y = -9x/7 + 4/7
Comparing with the slope intercept form, slope = -9/7
If the line passing through the given point is perpendicular to the given line, it means that its slope is the negative reciprocal of the slope of the given line.
Therefore, the slope of the line passing through (7,-4) is 7/9
To determine the intercept, we would substitute m = 7/9, x = 7 and y = - 4 into y = mx + c. It becomes
- 4 = 7/9×7 + c = 49/9 + c
c = - 4 - 49/9
c = - 85/9
The equation becomes
y = 7x/9 - 85/9
The math symbols like +,-,/,x, or =.
Answer:
Step-by-step explanation:
