First, we establish
our hypothesis:
<span>Null hypothesis H0: μ = $1.00 </span>
Alternative hypothesis
Ha: μ ≠ $1.00
<span>Let’s say X = the sample average cost of a daily newspaper
= 0.96</span>
u = population mean
cost = 1.00
S = sample standard
deviation = 0.18
Calculating for z
value:
z = (X – u) / S
z = (0.96 – 1) / 0.18
z = – 0.222
From the standard
distribution table at this z value, p-value = 0.4129
Since alpha = 0.01,
the decision therefore is:
<span>Do not reject the null
hypothesis because the p-value is greater than 0.01. There is enough evidence
to support the claim that the mean cost of newspapers is $1. </span>
Y = 6 because - ( 1 ) + 7 = 6
Answer:
b. Subtracting the base period amount from the analysis period amount, dividing the result by the base period amount, then multiplying that amount by 100%
Step-by-step explanation:
A percentage change can be computed from ...
((new amount) -(old amount))/(old amount) × 100%
This best matches the description of choice B.
_____
<em>Comment on the answer</em>
The formula offered in the question will show the "percent change" from 100 to 103 as 3. It is not 3; rather, it is 3%. The final multiplication must be by 100% in order to arrive at the proper number.
Answer:
225
Step-by-step explanation:
60 x 3 = 180 ($60 for each charity and there's 3 charities)
180 / (4/5) = 225 (if $180 is four fifths of his total just divide 180 by 4/5 to get the answer)
