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Sav [38]
3 years ago
14

The The U.S.based motorcycle manufacturer says that it expects to build 140,000 motorcycles this year, up from 126.000 last year

. Find the percent of increase in production.
Mathematics
1 answer:
Black_prince [1.1K]3 years ago
6 0

Answer:

The us based motorcycle manufacturer says that it expects to build 140,000 motorcycles this year up from 126,000 last year.

This means the increased production is

144,000 - 126,000 = 18,000

The percentage change in production can

be found using the formula as listed below

PERCENTAGE INCREASE = change / initial × 100

Substitute the values we get

18,000/126,000 × 100

14.28 = percentage increase

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As it is a two-sided test, the p-value considers both tails of the distribution.

The p-value for this |z|=1.43 is P=0.153.

2c) The null hypothesis is not rejected.

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