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Rufina [12.5K]
3 years ago
7

The management of White Industries is considering a new method of assembling its golf cart. The present method requires a mean t

ime of 42.3 minutes to assemble a cart. The mean assembly time for a random sample of 24 carts, using the new method, was 40.6 minutes, and the standard deviation of the sample was 2.7 minutes. Using the 0.10 level of significance, can we conclude that the assembly time using the new method is faster?
Mathematics
1 answer:
valkas [14]3 years ago
5 0

Answer:

At 0.10 significance level, there is significant evidence that the assembly time using the new method is faster

Step-by-step explanation:

Let mu be the true mean assembly time using the new method. Then hypotheses are:

H_{0}: mu = 42.3 min

H_{a}: mu < 42.3 min

Test statistic can be found using the equation:

t=\frac{X-M}{\frac{s}{\sqrt{N} } } where

  • X  is the  sample mean assembly time (40.6 min)
  • M is the mean assembly time using the present method (42.3)  
  • s is the sample standard deviation (2.7 min)
  • N is the sample size (24)

Then t=\frac{40.6-42.3}{\frac{2.7}{\sqrt{24} } } ≈ −3,08

one tailed critical t-score of 0.10 significance level with 23 degrees of freedom is ≈ 1.319

Since −3,08<--1.319, we can reject the null hypothesis.

Thus, we can conclude that the assembly time using the new method is faster

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Fiona invested $1000 at 7% compounded continuously. At the same time, Maria invested $1100 at 7% compounded daily. How long will
Natali [406]

9514 1404 393

Answer:

  14,201 years

Step-by-step explanation:

The two compound interest formulas are ...

  A = P·e^(rt) . . . . . continuous compounding at rate r for t years

  A = P·(1 +r/365)^(365t) . . . . . daily compounding at rate r for t years

We went the amounts to be equal:

  1000·e^(0.07t) = 1100·(1+0.07/365)^(365t)

Dividing by 1000(1 +0.07/365)^(365t), we have ...

  ((e^0.07)/(1+0.07/365)^365)^t = 1.1

The base of the exponential on the left is ...

 ( e^0.07)/(1+0.07/365)^365 ≈ 1.00000671149321522

Taking logs, we have ...

  t×ln(1.00000671149321522) = ln(1.1)

  t = ln(1.1)/ln(1.00000671149321522) ≈ 0.09531018/(6.7114704·10^-6)

  t ≈ 14,201.09 . . . . . years

It will take about 14,201 years for the investments to be equal.

_____

<em>Additional comment</em>

The investment value at that time will be about $5.269·10^434. (That's a larger number than <em>anything</em> countable in the known universe, including energy quanta.)

These calculations are beyond the ability of many calculators, so might need to be carefully rewritten if the calculator only keeps 10 significant digits, or only manages exponents less than 100.

This shows that daily compounding is very close in effect to continuous compounding. It would take almost 150 years to make a difference of 0.1% in value.

4 0
3 years ago
Simplify this expression using the distributive property
jok3333 [9.3K]

Answer:

When you use the distributive property, you multiply the two numbers together, just like simplifying any product. You will also see another example where the expression in parentheses is subtraction, rather than addition. You will need to be careful to change the sign of your product.

Step-by-step explanation:

8 0
3 years ago
1. Multiply 5x by (3x+2) *​
Umnica [9.8K]

Answer:

5x (3x +2)

15x² + 10X

7 0
3 years ago
Solve for m 13x - 10<br> M<br> N<br> 7x - 10
lisov135 [29]

Answer:

x = 10

Step-by-step explanation:

Given:

Arc LM = 13x - 10

Arc MN = 7x - 10

Required:

Solve for x

Solution:

Recall: half a circle = 180°

Therefore,

Arc LM + Arc MN = 180°

13x - 10 + 7x - 10 = 180

Add like terms

20x - 20 = 180

20x - 20 + 20 = 180 + 20

20x = 200

20x/20 = 200/20

x = 10

7 0
3 years ago
NEED AN EXPERT PLZ ASAP
Grace [21]
System of equations:
x + y = 23
x - y = 7           

Add them together
2x = 30
x = 15

Now plug 15 into one of the equations:
15 + y = 23
y = 8

your two numbers are 15 and 8
5 0
4 years ago
Read 2 more answers
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