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nalin [4]
3 years ago
9

Help me awnser this question

Mathematics
1 answer:
yaroslaw [1]3 years ago
5 0
20% = 0.20

800 * 1.20 = 960
 total cost = £960

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A Walton College of Business graduate, wants to start a hot dog stand on Dickson Street. He needs to raise $15,000 for start-up
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Answer:

Yes, he is meeting his original goal to be successful.

The critical value is 1.833

Step-by-step explanation:

H0: mu = 300

Ha: mu > 300

The test is a one-tailed test because the alternate hypothesis is expressed using greater than.

Test statistic (t) = (sample mean - population mean) ÷ (sample sd/√n)

sample mean = 335

population mean = 300

sample sd = 50

n = 2×5 = 10

t = (335 - 300) ÷ (50/√10) = 35 ÷ 15.81 = 2.21

Degree of freedom = n-1 = 10-1 = 9

Significance level = 5%

Critical value corresponding to 9 degrees of freedom and 5% significance level is 1.833.

Conclusion:

Reject the null hypothesis because the test statistic 2.21 is greater than the critical value 1.833.

His original goal to be successful is contained in the alternate hypothesis, therefore, he is meeting it.

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