Find the simple interest earned to the nearest cent for each principal, interest rate, and time. $300, 5%, 2 years
1 answer:
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Answer:
|Z| = |-1.36| < 1.645 at 0.1 level of significance
The null hypothesis is accepted
A manufacturer of banana chips are filling machine works correctly at the mean 449
Step-by-step explanation:
<u><em>Step(i)</em></u>:-
Given mean of the Population(μ) = 449
The Standard deviation of the population(σ) = 22
size of the sample 'n' = 36
mean of the sample(x⁻) = 444
Given the level of significance(α) = 0.1
Critical value Z = 1.645
<u><em>Step(ii):</em></u>-
<em>Null hypothesis</em>:H₀:
A manufacturer of banana chips would like to know whether its bag filling machine works correctly at the 449.0
(μ) = 449
<em>Alternative Hypothesis</em>:H₁: (μ) ≠ 449
Test statistic
= -1.36
<em>Final answer:-</em>
|Z| = |-1.36| < 1.645 at 0.1 level of significance
The null hypothesis is accepted
A manufacturer of banana chips are filling machine works correctly at the mean 449