I'll do a similar problem, and I challenge you to do this using similar techniques!
If John works for 15$ a hour with his friends rather than working for 20$ an hour for 50 hours a month, what's the monthly opportunity cost?
John would make 20*50=1000 dollars a month at the second option as he makes 20$ an hour 50 times. Next, if he works with his friends, he makes 15*50=750 dollars as he works 50 hours for 15 dollars an hour, or adds 15 50 times.
His opportunity cost would be <highest money>-<lowest money>=1000-750=250 dollars a month. Good luck on this question, and feel free to ask further questions!
answer
71-17=54
82-28=54
93-39=54
60-06=54
Step-by-step explanation:
Answer:
-22
Step-by-step explanation:
Answer:
Step-by-step explanation:
We are given the following in the question:
The needle size should not be too big and too small.
The diameter of the needle should be 1.65 mm.
We design the null and the alternate hypothesis

Sample size, n = 35
Sample mean,
= 1.64 mm
Sample standard deviation, s = 0.07 mm
Type I error:
- It is the error of rejecting the null hypothesis when it is true.
- It is also known as false positive error.
- It is the rejecting of a true null hypothesis.
Thus, type I error in this study would mean we reject the null hypothesis that the average diameter is 1.65 mm but actually the average diameters of the needle is 1.65 mm.
Thus, average diameter is 1.65 mm and we decide that it is not 1.65 mm.