Jasmine gets paid to do chores around her house. She earns $3.00 every 20 minutes that she cleans the gutters. She earns $3.60 e
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Answer:
(a) We conclude after testing that mean diameter is 8.2500 cm.
(b) P-value of test = 2 x 0.0005% = 1 x .
(c) 95% confidence interval on the mean diameter = [8.2525 , 8.2545]
Step-by-step explanation:
We are given with the population standard deviation, = 0.0020 cm
Sample Mean, Xbar = 8.2535 cm and Sample size, n = 15
(a) Let Null Hypothesis, : Mean Diameter,
= 8.2500 cm
Alternate Hypothesis, : Mean Diameter,
8.2500 cm{Given two sided}
So, Test Statistics for testing this hypothesis is given by;
follows Standard Normal distribution
After putting each value, Test Statistics = = 6.778
Now we are given with the level of significance of 5% and at this level of significance our z score has a value of 1.96 as it is two sided alternative.
<em>Since our test statistics does not lie in the rejection region{value smaller than 1.96} as 6.778>1.96 so we have sufficient evidence to accept null hypothesis and conclude that the mean diameter is 8.2500 cm.</em>
(b) P-value is the exact % where test statistics lie.
For calculating P-value , our test statistics has a value of 6.778
So, P(Z > 6.778) = Since in the Z table the highest value for test statistics is given as 4.4172 and our test statistics has value higher than this so we conclude that P - value is smaller than 2 x 0.0005% { Here 2 is multiplied with the % value of 4.4172 because of two sided alternative hypothesis}
Hence P-value of test = 2 x 0.0005% = 1 x .
(c) For constructing Two-sided confidence interval we know that:
Probability(-1.96 < N(0,1) < 1.96) = 0.95 { This indicates that at 5% level of significance our Z score will lie between area of -1.96 to 1.96.
P(-1.96 < < 1.96) = 0.95
P( <
<
) = 0.95
P( <
<
) = 0.95
P( <
<
) = 0.95
So, 95% confidence interval for = [
,
]
= [ ,
]
= [8.2525 , 8.2545]
Here = mean diameter.
Therefore, 95% two-sided confidence interval on the mean diameter
= [8.2525 , 8.2545] .
<h3><u>Solution: </u></h3>
Overall<u> </u>CP of each fan = ₹1200 .
One is sold at a loss of 5% .
- ( This means if CP is ₹100, SP is ₹95 ) .
• Therefore,When CP is ₹1200 , Then SP is ₹ 1140.
Also,Second fan is sold at a profit of 10% .
- It means , If CP is ₹100 , SP is ₹110.
Therefore , When CP is ₹1200 , Then SP is ₹1320.
<u>• We need to find the combined CP and SP to say whether there was an overall profit or Loss.</u><u>.</u>
- Total CP = ₹ 1200 + ₹ 1200 = ₹ 2400.
- Total SP = ₹ 1140 + ₹ 1320 = ₹ 2460.
Since total SP > total CP , A profit of ₹ ( 2460 - 2400 ) or ₹60 has been made ..
<h3>Hope this helps you :)</h3>