If im getting 6,500 and 1/3 is taken away. How much do i have in the end
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Answer:
a) The point estimate of the proportion of items returned for the population of
sales transactions at the Houston store = 12/80 = 0.15
b) The 95% confidence interval for the proportion of returns at the Houston store = [0.0718 < p < 0.2282].
c) Yes.
We set an hypothesis and construct a test statistics. The test statistics result gives us:
Z calculated = 2.2545, and this gives us the p-value = 0.0121. We assumed 95% confident interval. Hence, the level of significance (α) = 5%. Conclusively, since the p-value ==> 0.0121 is less than (α) = 5%, the test is significant. Hence, the proportion of returns at the Houston store is significantly different from the returns for the nation as a whole.
Step-by-step explanation:
a) Point estimate of the proportion = number of returned items/ total items sold = 12/80 = 0.15.
b) By formula of confident interval:
CI(95%) = p ± Z*,
CI(95%) = [0.0718 < p < 0.2282]
c) The hypothesis:
: The proportion of returns at the Houston store is not significantly different from the returns for the nation as a whole.
: The proportion of returns at the Houston store is significantly different from the returns for the nation as a whole.
The test statistics:
Z = , where
is the proportion of nation returns.
Z calculated = 2.2545, and this gives us the p-value = 0.0121. We assumed 95% confident interval. Hence, the level of significance (α) = 5%. Conclusively, since the p-value ==> 0.0121 is less than (α) = 5%, the test is significant. Hence, the proportion of returns at the Houston store is significantly different from the returns for the nation as a whole.
We are given the number of Blue and Purple Marbles for each of the four friends. So first we have to find the ratio of blue marbles to purple marbles for each of them.
A) Rosa
Number of blue marbles = 10
Number of purple marbles = 12
Ratio of blue to purple marbles =
B) Chi
Number of blue marbles = 5
Number of purple marbles = 6
Ratio of blue to purple marbles =
C) Alberto
Number of blue marbles = 5
Number of purple marbles = 12
Ratio of blue to purple marbles =
D) Pedro
Number of blue marbles = 10
Number of purple marbles = 6
Ratio of blue to purple marbles =
From the above calculations we can see that Pedro has the highest value of ratio for blue marbles to purple marbles. Also we can see Pedro is the only one for whom the number of blue marbles is more than the number of purple marbles. So this confirms that our calculation is correct.
Thus, the player which gets to go first is Pedro.