1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ad-work [718]
3 years ago
12

A large furniture company claims that 65% of all individuals who buy chairs from its stores choose wood chairs, 20% choose plast

ic chairs, and 15% choose metal chairs. to investigate this claim researchers collected data from a random sample of the companys customers. the results were 305 wood, 121 plastic, and 74 metal. are the data from the sample consistent with the companys claim? conduct an appropriate statistical test at the 5% significance level to support your conclusion make sure to include parameters, check conditions, and show calculations before formulating a conclusion.
Mathematics
2 answers:
Nataly [62]3 years ago
4 0

Answer:

In the sample, 61% chose wooden chairs (4% less than that claimed by the company), 24.2% chose plastic chairs (4.2% more than that claimed by the company), and 14.8 % chose metal chairs (0.2% less than what the company claimed). Therefore, given that these are differences of less than 5%, we can affirm that these samples are consistent with what the company said.

Step-by-step explanation:

Given that a large furniture company claims that 65% of all individuals who buy chairs from its stores choose wood chairs, 20% choose plastic chairs, and 15% choose metal chairs, and to investigate this claim researchers collected data from a random sample of the companys customers, whose results were 305 wood, 121 plastic, and 74 metal, to determine if the data from the sample consistent with the companys claim the following calculations should be performed:

305 + 121 + 74 = 500

500 = 100

305 = X

305 x 100/500 = X

30,500 / 500 = X

61 = X

500 = 100

121 = X

121 x 100/500 = X

12,100 / 500 = X

24.2 = X

100 - 61 - 24.2 = X

39 - 24.2 = X

14.8 = X

Therefore, in the sample, 61% chose wooden chairs (4% less than that claimed by the company), 24.2% chose plastic chairs (4.2% more than that claimed by the company), and 14.8 % chose metal chairs (0.2% less than what the company claimed). Therefore, given that these are differences of less than 5%, we can affirm that these are samples that are consistent with what the company said.

jok3333 [9.3K]3 years ago
4 0

Answer:

The Chi^2 value is 5.654. The p-value is .05919. The result is not significant at p < .05.

Step-by-step explanation:

To do this we need to do a goodness of fit chi-test

You can do it by hand or use a graphing calculator, but IMO using a calculator online is the easiest. Remember one sample is frequency while the other is in proportions so convert one to the other.

In other words if you're doing a proportions test divide 305/500 to get 0.61 and then plug that in next to the expected value of 0.65.

If you/re doing a frequency test, multiply 61% * 5 =325 and then plug that in next to 305.

Both a frequency and a proportion test will yield the same result so don't worry about which you choose.

Once you've plugged the values in you'll get a response like this:

The Chi^2 value is 5.654. The p-value is .05919. The result is not significant at p < .05.

You might be interested in
A ships triangular signal flag has a base of 8 inches and an area of 64 square inches. What is the height of the signal flag
Firlakuza [10]
A = (1/2)bh
64 = (1/2)(8)h
16 = h
The height is 16 inches
7 0
3 years ago
Last year, a women's professional organization made two small-business loans totaling $28,000 to young women beginning their own
igor_vitrenko [27]

Answer:

$7,000 at a rate of 7% and $21,000 at a rate of 14%.

Step-by-step explanation:

Let x be amount invested at 7% and y be amount invested at 14%.

We have been given that a women's professional organization made two small-business loans totaling $28,000. We can represent this information in an equation as:

x+y=28,000...(1)

The interest earned at 7% in one year would be 0.07x and interest earned at 14% in one year would be 0.14x.

We are also told that the organization received from these loans was $3,430. We can represent this information in an equation as:

0.07x+0.14y=3,430...(2)

Form equation (1), we will get:

x=28,000-y

Upon substituting this value in equation (2), we will get:

0.07(28,000-y)+0.14y=3,430

1960-0.07y+0.14y=3,430

1960+0.07y=3,430

1960-1960+0.07y=3,430-1960

0.07y=1470

\frac{0.07y}{0.07}=\frac{1470}{0.07}

y=21,000

Therefore, an amount of $21,000 was invested at a rate of 14%.

x=28,000-y

x=28,000-21,000

x=7,000

Therefore, an amount of $7,000 was invested at a rate of 14%.

8 0
4 years ago
I might get grounded if I don't get this right
vladimir1956 [14]

Answer:

I can't see the photo

Step-by-step explanation:

3 0
3 years ago
Read 2 more answers
The fitted regression is Sales = 832 − 28.2 Price. (a-1) If Price = 1, what is the prediction for Sales? (Round your answer to 1
almond37 [142]

Answer:

Part (a-1): The prediction for Sales is 803.8.

Part (a-2): The correct option is: An increase in price decreases sales.

Part (B): The prediction for sales is 211.66

Part (C): The intercept is meaningful as sales will be maximized when price is zero.

Step-by-step explanation:

Consider the provided regression:

Sales = 832 − 28.2 Price

(a-1) If Price = 1, what is the prediction for Sales?

Substitute Price = 1 in above regression.

Sales = 832 − 28.2 (1) = 803.8

Hence, the prediction for Sales is 803.8.

Sales (a-2) Choose the correct statement.

Here we can observe that as we increase the price, sales decrease.

Thus, the correct option is: An increase in price decreases sales.

(b) If Price = 22, what is the prediction for Sales?

Substitute Price = 22 in above regression.

Sales = 832 − 28.2 (22)

Sales = 832 − 620.4

Sales = 211.66

Hence, the prediction for sales is 211.66

Sales (c) Choose the right option.

As we increase the price, sales decrease that means the sales will be maximum if the price is 0.

The intercept is meaningful as sales will be maximized when price is zero.

3 0
3 years ago
1/2(x + 5)2 + 2 = 42.5
Monica [59]

Answer:

x=35.5

Step-by-step explanation:

reduce numbers

remove parentheses

add the numbers

move constant to the right

subtract numbers

7 0
3 years ago
Read 2 more answers
Other questions:
  • If XZ= 50, what are XY and YZ ? Exolain how to show work and how you got your answer.
    5·1 answer
  • PLEASE HELP!
    5·1 answer
  • Which are the solutions of the quadratic equation?
    10·1 answer
  • Taylor can make one banner out of yards of fabric. How many banners can he make with yards of fabric?
    9·1 answer
  • Learn with an example
    9·1 answer
  • Place elementary school is raising money. they raise $90 a week. how long will it take to raise $900?
    13·1 answer
  • I believe the answer is no solution am I correct?
    12·1 answer
  • What is being done to the variable in the equation = -40?
    5·2 answers
  • Joshua's cousin pledged $12 for a charity walk. If Joshua walked 3 miles, how much did his cousin pay per mile?
    6·2 answers
  • A straight line ,L, passes through the points (2,9) and (3,5) <br>Find the equation of the line L.​
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!