Thousands of stock net change
The test statistic and p-value of the given data are 6.274 and 0.0001 respectively.
<h3>Test Statistic</h3>
The test statistic can be calculated using the formula below
Solving for the mean and standard deviation, we can substitute the values into the above equation which will be
<h3>P-Value</h3>
Using the data from the test statistic, we can calculate the p-value of the data
From the calculation above, the test statistic and p-value of the given data are
Learn more on test statistic and p-value here;
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Answer:
The probability that exactly two have flaws is P (x=2) = 0.2376
Step-by-step explanation:
Here
Success= p= 0.15
Failure = q= 0.85
total number= n= 8
Number chosen = x= 2
Applying the binomial distribution
P (x=x) = nCx p^x(q)^n-x
P (x=2) = 8C2 0.15 ²(0.85)^8
P (x=2) = 0.2376
The success is chosen about which we want to find the probability. Here we want to find the probability that exactly two have flaws so success would be having flaws therefore p = 0.15
In the proportional theory,
28 units is the total measurement that includes 8 units.
So, 10 + 3x - 5 is the total measurement that includes 10 units proportionally.
This means,
28 = 10 + 3x - 5
Now solve for x,
28 = 10 + 3x - 5
28 - 10 = 3x - 5
18 + 5 = 3x
23 = 3x
23 / 3 = x
So x = 23/3 or 7.6666....
Answer:
22 33/40
Step-by-step explanation:
