Title:
<h2>The revenue will be maximum for 253 passengers.</h2>Step-by-step explanation:
Let, the number of passenger is x, which is more than 194.
In this case, the travel agency will charge [312 - (x - 194)] per passenger.
The total revenue will be .
As x is the variable here, we can represent the revenue function by R(x). Hence, .
The revenue will be maximum when .
Answer:
As , it is possible to reject null hypotesis. It means that the local mean height is less tha 0.7 m with a 5% level of significance.
Step-by-step explanation:
1. Relevant data:
2. Hypotesis testing
3. Find the rejection area
From the one tail standard normal chart, whe have Z-value for is 1.56
Then rejection area is left 1.56 in normal curve.
4. Find the test statistic:
5. Hypotesis Testing
As , it is possible to reject null hypotesis. It means that the local mean height is less tha 0.7 m with a 5% level of significance.