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zaharov [31]
3 years ago
6

The Seattle Mariners baseball team wishes to determine the equilibrium price for seats for each of the next two seasons

Mathematics
1 answer:
Irina18 [472]3 years ago
8 0

Answer:

Price             Qd1     Qd2    Qs

25                     75000    60000    45000

30                    60000    55000    45000

35                    45000    50000    45000

40                     30000    45000    45000

45                      15000    40000    45000

[Find the attachment for the graph]

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What is the value of x in equation (-35)^x = 1
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Simplify the following polynomial expression​
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3 0
3 years ago
A personnel director in a particular state claims that the mean annual income is the same in one of the​ state's counties​ (Coun
Shalnov [3]

Answer:

a) The hypothesis that the mean annual income is the same could not be rejected. There is no enough evidence to claim they are different.

b) The critical values for this two-sided test are t=±1.711.

Step-by-step explanation:

<em>The question is incomplete:</em>

<em>(a) Identify the claim and state  H0  and  Ha. </em>

<em> Which is the correct claim​ below?</em>

<em>(b) Find the critical​ value(s) and identify the rejection​ region(s). </em>

<em> Enter the critical​ value(s) below.</em>

We have an hypothesis test on the difference of two means.

The null and alternative hypothesis are:

H_0: \mu_a-\mu_b=0\\\\H_a: \mu_a-\mu_b\neq 0

The claim of the alternative hypothesis is that the mean annual income is different in County A and County B.

The null hypothesis is that the mean annual income is equal in both counties.

The significance level is α=0.10.

The sample from County A has a mean of S40,400, a s.d. of $8,700 and a sample size of 18 residents.

The sample from County B has a mean of S39,200, a s.d. of $6,000 and a sample size of 8 residents.

The standard error of the difference of means is:

\sigma_d=\sqrt{\frac{\sigma_a^2}{n_a}+\frac{\sigma_b^2}{n_b}}=\sqrt{\frac{8700^2}{18}+\frac{6000^2}{8}}=\sqrt{8705000}=2950

The degrees of freedom are:

df=n_a+n_b-2=18+8-2=24

Then, the test statistic is:

t=\frac{\Delta M-\Delta \mu}{\sigma_d} =\frac{(40,400-39,200)-0}{2950} =\frac{1200}{2950}=0.407

For a statistic t=0.407, and df=24, the P-value is P=0.69. As the P-value is bigger than the significance level, the null hypothesis failed to be rejected.

If we would use the critial value approach, we would have to calculate the critical values for t, for df=24, two sided test and α=0.10.

The critical values, looking in a table, are t=1.711.

5 0
3 years ago
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