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ehidna [41]
3 years ago
6

The owner of a used car lot wants to buy as many cars at an auction as he can while not spending more than $20,000. if he expect

s the average price to be $4000, how many would he expect to be able to buy?
Mathematics
1 answer:
IRISSAK [1]3 years ago
7 0

Answer:

5 cars

Step-by-step explanation:

If the average of cost of a car is $4,000 there will be enough cash to buy 5 cars. 20,000 divided by 4,000= 5.

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A particular brand of tires claims that its deluxe tire averages at least 50,000 miles before it needs to be replaced. From past
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<h2><u>Answer with explanation</u>:</h2>

Let \mu be the distance traveled by deluxe tire .

As per given , we have

Null hypothesis : H_0 : \mu \geq50000

Alternative hypothesis : H_a : \mu

Since H_a is left-tailed and population standard deviation is known, thus we should perform left-tailed z-test.

Test statistic : z=\dfrac{\overlien{x}-\mu}{\dfrac{\sigma}{\sqrt{n}}}

where, n= sample size

\overline{x}= sample mean

\mu= Population mean

s=sample standard deviation

For n= 31,\ \sigma=8000,\ \overline{x}=46,800\ \&\ s=46,800, we have

z=\dfrac{46800-50000}{\dfrac{8000}{\sqrt{31}}}=-2.23

By using z-value table,

P-value for left tailed test : P(z≤-2.23)=1-P(z<2.23)   [∵P(Z≤-z)=1-P(Z≤z)]

=1-0.9871=0.0129

 Decision : Since p value (0.0129) < significance level  (0.05), so we reject the null hypothesis .

[We reject the null hypothesis when p-value is less than the significance level .]

Conclusion : We do not have enough evidence at 0.05 significance level to support the claim that t its deluxe tire averages at least 50,000 miles before it needs to be replaced.

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Answer:

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Step-by-step explanation:

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