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erastovalidia [21]
3 years ago
7

The advertised claim for batteries for cell phones is set at 48 operating hours, with proper charging procedures. a study of 500

0 batteries is carried out and 15 stop operating prior to 48 hours. do these experimental results support the claim that less than 0.2 percent of the company's batteries will fail during the advertised time period, with proper charging procedures? use a hypothesis-testing procedure with the proportion of cell phone batteries that fail
Business
1 answer:
gregori [183]3 years ago
5 0

Answer:

The answer is NO. The experimental results did not support the claim that less than 0.2 percent of the company's batteries would fail during the advertised time period.

Explanation:

From the illustration, for 15 batteries to fail out of 5000 batteries that means a 0.3 percent failure. Hypothetically, since there has been a claim that about 0.2 per cent will fail and we now have a confirmed failure rate of 15 in 5000 or 0.3 per cent rate, then we can infer that the hypothesis of 0.2 percent may be incorrect after all since it is still less than the confirmed rate of 0.3 per cent failure. Thus, since 0.3 rate is higher than 0.2 rate, then the hypothesis is wrong by a margin  of 0.1 percent.

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If the marginal propensity to consume (MPC) is 0.75, and if the goal is to increase real GDP by $400 million, then by how much w
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Answer:

Government spending would have to change by <u>$1.6 billion</u>

Explanation:

The marginal propensity to consume (MPC) refers to the proportion of an increase in aggregate income that is spent on consumption of commodities by a consumer.

Since from the question, we have:

MPC = Marginal propensity to consume = 0.75

The MPC can therefore be used to calculate the fiscal multiplier which measures the effect of government spending on real GDP as follows:

Fiscal multiplier = 1 / (1 - MPC) = 1 / (1 - 0.75) = 1 / 0.25 = 4.0

Therefore, we have:

Change in government spending = Fiscal multiplier * Amount of targeted increase real GDP = 4.0 * $400 million = $1.6 billion

Therefore, government spending would have to change by <u>$1.6 billion</u> to generate $400 million increase in real GDP.

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The process of developing or being developed.
8 0
3 years ago
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Answer:

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In long-run equilibrium with trade, losses from import competition will force some firms to ______________, increasing demand fo
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Answer:

The correct answer is option b.

Explanation:

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