The exchange rate in London is £1 = €1.14
1 answer:
You might be interested in
Answer:
If we compare the p value and the significance level given we see that
so we can conclude that we have enough evidence to reject the null hypothesis, so we can conclude that the true mean is different from 94 at 5% of signficance.
Step-by-step explanation:
Data given and notation
represent the sample mean
represent the population standard deviation
sample size
represent the value that we want to test
represent the significance level for the hypothesis test.
t would represent the statistic (variable of interest)
represent the p value for the test (variable of interest)
State the null and alternative hypotheses.
We need to conduct a hypothesis in order to check if the mean is different from 94, the system of hypothesis are :
Null hypothesis:
Alternative hypothesis:
Since we know the population deviation, is better apply a z test to compare the actual mean to the reference value, and the statistic is given by:
(1)
z-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".
Calculate the statistic
We can replace in formula (1) the info given like this:
P-value
Since is a two-sided test the p value would be:
Conclusion
If we compare the p value and the significance level given we see that
so we can conclude that we have enough evidence to reject the null hypothesis, so we can conclude that the true mean is different from 94 at 5% of signficance.
The piece-wise linear functions can be written as follows:
.
.
A linear function is modeled by:
y = mx + b
In which:
- m is the slope, which is the rate of change, that is, by how much y changes when x changes by 1.
- b is the y-intercept, which is the value of y when x = 0, and can also be interpreted as the initial value of the function.
For x less than 5, the y-intercept is of b = 3 and the function also gos through (2,2), hence the slope is:
m = (2 - 3)/(2 - 0) = -0.5.
Hence the rule is:
.
When x = 5, the function is constant at -5, hence:
For x less than 5, the function goes through points (6,3) and (7,2), hence the slope is:
m = (2 - 3)/(7 - 6) = -1.
Then:
y = -x + b
When x = 6, y = 3, hence the y-intercept is given as follows:
3 = -6 + b
b = 9.
Hence the rule is:
.
More can be learned about linear functions at brainly.com/question/25537936
#SPJ1