2000 people are selected randomly from a certain population and it is found that 389 people in the sample are over 6 feet tall.
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Answer:
Step-by-step explanation:
Information given
n=564 represent the sample selected
X=51 represent the number of people who rated the overall services as poor
estimated proportion of people who rated the overall services as poor
is the value to compare
z would represent the statistic
Hypothsis to analyze
We want to analyze if the proportion of customers who would rate the overall car rental services as poor is 0.1, so then the system of hypothesis are:
Null hypothesis:
Alternative hypothesis:
The statistic for a one z test for a proportion is given by:
(1)
Replacing the info given we got:
And the p value since we have a bilateral test is given b:
gives an average cost per unit, if we want to produce x of them.
So for example, we want to produce 500 toy cars for our store, and we need a price per unit (per 1 toy car). What we do is we calculate C(500).
So to calculate the cost of one unit when producing 1250, we calculate C(1250)
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