Joy earned 13 points in her first round and -21 points in her second turn. What was her score after 2 turns?
1 answer:
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Answer:
a) 0.4770
b) 3.9945
c) z-statistics seem a large value
Step-by-step explanation:
<u>a. Find the standard deviation of the sample proportion based on the null hypothesis</u>
Based on the null hypothesis:
: 0.35
and the standard deviation σ = =
≈0.4770
<u>b. Find the z statistic</u>
z-statistic is calculated as follows:
z= where
- X is the proportion of employees in the survey who take advantage of the Credit Union (
)
is the proportion in null hypothesis (0.35)
- s is the standard deviation (0.4770)
- N is the sample size (300)
putting the numbers in the formula:
z= = 3.9945
<u>c. Does the z statistic seem like a particularly large or small value?</u>
z-statistics seem a large value, which will cause us to reject the null hypothesis.
Answer:
The GDP gap is 9 % when there is 4.5 % unemployment.
Step-by-step explanation:
The statement shows a reverse relationship, where an increase in unemployment is following by decrease in potential GDP and can be translated into the following rate:
The GDP gap at a given increase in unemployment can be estimated by the following expression:
Where:
- GDP gap-unemployment increase rate, dimensionless.
- Increase in unemployment rate, measured in percentage.
- GDP gap, measured in percentage.
If and
, the GDP gap is:
The GDP gap is 9 % when there is 4.5 % unemployment.