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Sholpan [36]
3 years ago
14

a stock loses half its value every week. if the stock was worth $125 starting out, what is it worth after 4 weeks at this rate o

f decline
Mathematics
1 answer:
Amanda [17]3 years ago
5 0
125(.5)^4
125(.0625)
7.8125
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A customer service phone line claims that the wait times before a call is answered by a service representative is less than 3.3
Vika [28.1K]

Answer:

(A) Yes, since the test statistic is in the rejection region defined by the critical value, reject the null. The claim is the alternative, so the claim is supported.

Step-by-step explanation:

Null hypothesis: The wait time before a call is answered by a service representative is 3.3 minutes.

Alternate hypothesis: The wait time before a call is answered by a service representative is less than 3.3 minutes.

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

sample mean = 3.24 minutes

population mean = 3.3 minutes

sd = 0.4 minutes

n = 62

degree of freedom = n - 1 = 62 - 1 = 71

significance level = 0.08

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Conclusion:

Reject the null hypothesis because the test statistic -1.2 is in the rejection region of the critical value 1.654. The claim is contained in the alternative hypothesis, so it is supported.

5 0
3 years ago
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