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Soloha48 [4]
3 years ago
10

If MC is less than AC, AC must be falling. true or false

Advanced Placement (AP)
1 answer:
Levart [38]3 years ago
5 0
Answer to the statement: True
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_____, a philosopher, argued for an authoritarian form of government in "The Leviathan."
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How did religion affect/lead to the spread of Indian empires in 600bce-600ce?
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Electric vehicles make up a very small proportion of the overall car market, but by how much has that proportion increased? Inde
Minchanka [31]

Given Information:

The proportion of electric cars sold in 2012 = p₁ = 0.1%

The proportion of electric cars sold in 2016 = p₂ = 0.5%

Sample size of electric cars in 2012 = n₁ = 10,000

Sample size of electric cars in 2016 = n₂ = 20,000

Confidence level = 95%

Required Information:

Change in the proportion of electric cars sold from 2012 to 2016 = ?

Answer:

Change in the proportion of electric cars sold from 2012 to 2016 = (0.284%, 0.516%)

Step-by-step explanation:

The change in the mean is given by

\mu = p_2 - p_1\\\\\mu = 0.005 -0.001\\\\\mu = 0.004\\\\

The change in standard error is given by

SE = z\cdot\sqrt{\frac{p_1(1 - p_1)}{n_1} + \frac{p_2(1 - p_2)}{n_2} }

Where z is the value of z-score corresponding to 95% confidence level.

z_{\alpha/2} = 1 - 0.95 = 0.05/2 = 0.025\\\\z_{0.025} = 1.96\\\\

SE = 1.96\cdot\sqrt{\frac{0.001(1 - 0.001)}{10,000} + \frac{0.005(1 - 0.005)}{20,000} } \\\\SE = 1.96\cdot 0.00059\\\\SE = 0.00116\\\\

The change in the proportion of electric cars is

\mu \pm SE \\\\0.004\pm 0.00116 \\\\(0.004-0.00116) \: and \: (0.004-0.00116)\\\\(0.00284, \: 0.00516)\\\\(0.284\%, \: 0.516\%)

Therefore, we are 95% confident that the change in the proportion of electric cars sold from 2012 to 2016 is between (0.284%, 0.516%)

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4 years ago
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