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Gre4nikov [31]
4 years ago
5

David bought 30 shares of Amazon at the close price of $121.00. In a few years, David sells all of his shares at $143.50. How mu

ch money did David make?
Mathematics
1 answer:
Naddik [55]4 years ago
5 0
30(143.50-121)

30(22.5)

$675.00
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A marketing study was conducted to compare the mean age of male and femlae purchasers of a certain product. random and independe
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Answer:

A. t ≥ 1.734

Step-by-step explanation:

Data given and notation  

\bar X_{m}=39.80 represent the mean for the sample male

\bar X_{f}=50.30 represent the mean for the sample female

s_{m}=10.040 represent the sample standard deviation for the males  

s_{f}=13.215 represent the sample standard deviation for the females  

n_{m}=10 sample size for the group male  

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t would represent the statistic (variable of interest)  

Concepts and formulas to use  

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Null hypothesis:\mu_{f}-\mu_{m}\leq 0  

Alternative hypothesis:\mu_{f} - \mu_{m}> 0  

We don't have the population standard deviation, so for this case is better apply a t test to compare means, and the statistic is given by:  

t=\frac{(\bar X_{f}-\bar X_{m})-\Delta}{\sqrt{\frac{s^2_{f}}{n_{f}}+\frac{\sigma^2_{m}}{n_{m}}}} (1)

And the degrees of freedom are given by df=n_m +n_f -2=10+10-2=18  

t-test: Is used to compare group means. Is one of the most common tests and is used to determine whether the means of two groups are equal to each other.

What is the test statistic?

With the info given we can replace in formula (1) like this:  

t=\frac{(50.3-39.80)-0}{\sqrt{\frac{13.215^2}{10}+\frac{10.040^2}{16}}}}=2.001

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For this case since we have a right tailed test we need to look into the t distribution with 18 degrees of freedom a value that accumulates 0.05 of the area on the right, and on this case:

t_{crit}=1.734

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