A man invested $800 at a 5.5% annual interest rate. How long will it take for his
1 answer:
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Answer:
(a) Customer will not purchase the light bulbs at significance level of 0.05
(b) Customer will purchase the light bulbs at significance level of 0.01 .
Step-by-step explanation:
We are given that Light bulbs of a certain type are advertised as having an average lifetime of 750 hours. A random sample of 50 bulbs was selected, and the following information obtained:
Average lifetime = 738.44 hours and a standard deviation of lifetimes = 38.2 hours.
Let Null hypothesis, :
= 750 {means that the true average lifetime is same as what is advertised}
Alternate Hypothesis, :
< 750 {means that the true average lifetime is smaller than what is advertised}
Now, the test statistics is given by;
T.S. = ~
where, X bar = sample mean = 738.44 hours
s = sample standard deviation = 38.2 hours
n = sample size = 50
So, test statistics = ~
= -2.14
(a) Now, at 5% significance level, t table gives critical value of -1.6768 at 49 degree of freedom. Since our test statistics is less than the critical value of t, so which means our test statistics will lie in the rejection region and we have sufficient evidence to reject null hypothesis.
Therefore, we conclude that the true average lifetime is smaller than what is advertised and so consumer will not purchase the light bulbs.
(b) Now, at 1% significance level, t table gives critical value of -2.405 at 49 degree of freedom. Since our test statistics is higher than the critical value of t, so which means our test statistics will not lie in the rejection region and we have insufficient evidence to reject null hypothesis.
Therefore, we conclude that the true average lifetime is same as what it has been advertised and so consumer will purchase the light bulbs.
Answer:
The inverse function of f(x)=2.5*x+150 is f⁻¹(x)=
Step-by-step explanation:
An inverse or reciprocal function of f (x) is called another function f ⁻¹(x) that fulfills that:
If f(a)=b then f⁻¹(b)=a
That is, inverse functions are functions that do the "opposite" of each other. For example, if the function f (x) converts a to b, then the inverse must convert b to a.
To construct or calculate the inverse function of any function, you must follow the steps below:
Since f (x) or y is a function that depends on x, the variable x is solved as a function of the variable y. And since inverse functions swap the input and output values (that is, if f (x) = y then f⁻¹(y) = x), then the variables are swapped and write the inverse as a function.
You know that he function f(x) = 2.5*x + 150 or y=2.5*x +150
Solving for x:
2.5*x +150=y
2.5*x= y-150
Exchanging the variable, you obtain that <u><em>the inverse function of f(x)=2.5*x+150 is f⁻¹(x)=</em></u><u><em></em></u>