What is 8/12 as a fraction as a product of a whole number and a unit fraction?

A restaurant chain has two locations in a medium-sized town and, believing that it has oversaturated the market for its food, is

scoray [572]

Answer:

Yes, since the test statistic value is greater than the critical value.

Step-by-step explanation:

Data given and notation

$\bar X_{1}=360000$ represent the mean for the downtown restaurant

$\bar X_{2}=340000$ represent the mean for the freeway restaurant

$s_{1}=50000$ represent the sample standard deviation for downtown

$s_{2}=40000$ represent the sample standard deviation for the freeway

$n_{1}=36$ sample size for the downtown restaurant

$n_{2}=36$ sample size for the freeway restaurant

t would represent the statistic (variable of interest)

$\alpha=0.05$ significance level provided

Develop the null and alternative hypotheses for this study?

We need to conduct a hypothesis in order to check if the true mean of revenue for downtown is higher than for freeway restaurant, the system of hypothesis would be:

Null hypothesis: $\mu_{1}\leq \mu_{2}$

Alternative hypothesis: $\mu_{1} > \mu_{2}$

Since we don't know the population deviations for each group, for this case is better apply a t test to compare means, and the statistic is given by:

$t=\frac{\bar X_{1}-\bar X_{2}}{\sqrt{\frac{s^2_{1}}{n_{1}}+\frac{s^2_{2}}{n_{2}}}}$ (1)

t-test: Is used to compare group means. Is one of the most common tests and is used to determine whether the means of two groups are equal to each other.

Determine the critical value.

Based on the significance level $\alpha=0.05$ and $\alpha/2=0.025$ we can find the critical values from the t distribution dith degrees of freedom df=36+36-2=55+88-2=70, we are looking for values that accumulates 0.025 of the area on the right tail on the t distribution.

For this case the value is $t_{1-\alpha/2}=1.66$

Calculate the value of the test statistic for this hypothesis testing.

Since we have all the values we can replace in formula (1) like this:

$t=\frac{360000-340000}{\sqrt{\frac{50000^2}{36}+\frac{40000^2}{36}}}}=1.874$

What is the p-value for this hypothesis test?

Since is a right tailed test the p value would be:

$p_v =P(t_{70}>1.874)=0.033$

Based on the p-value, what is your conclusion?

Comparing the p value with the significance level given $\alpha=0.05$ we see that $p_v$ so we can conclude that we reject the null hypothesis, and the true mean for the downtown revenue restaurant seems higher than the true mean revenue for the freeway restaurant.

The best option would be:

Yes, since the test statistic value is greater than the critical value.

5 0

2 years ago

in any strategic-form game, if a player has a dominant strategy, then all of the other strategies of that player are dominated (

Vsevolod [243]

Answer:

Dominant strategy is an in game theory that refers to the optimal option for a player among all the competitive strategies, no matter how that player's opponents may play.

7 0

2 years ago

Write the equation of the line that passes through (−3,1) and (2,−1) in slope-intercept form

Alex787 [66]

Answer:

$y=-\frac{2}{5}x-\frac{1}{5}$

Step-by-step explanation:

The equation of a line is y = mx + b

Where:

m is the slope

b is the y-intercept

First, let's find what m is, the slope of the line.

Let's call the first point you gave, (-3,1), point #1, so the x and y numbers given will be called x1 and y1.

Also, let's call the second point you gave, (2,-1), point #2, so the x and y numbers here will be called x2 and y2.

Now, just plug the numbers into the formula for m above, like this:

$m = -\frac{2}{5}$

So, we have the first piece to finding the equation of this line, and we can fill it into y=mx+b like this:

$y=-\frac{2}{5}x + b$

Now, what about b, the y-intercept?

To find b, think about what your (x,y) points mean:

(-3,1). When x of the line is -3, y of the line must be 1.
(2,-1). When x of the line is 2, y of the line must be -1.

Now, look at our line's equation so far: $y=-\frac{2}{5}x + b$ . $b$ is what we want, the - $-\frac{2}{5}$ is already set and x and y are just two 'free variables' sitting there. We can plug anything we want in for x and y here, but we want the equation for the line that specfically passes through the two points (-3,1) and (2,-1).

So, why not plug in for x and y from one of our (x,y) points that we know the line passes through? This will allow us to solve for b for the particular line that passes through the two points you gave!

You can use either (x,y) point you want. The answer will be the same:

(-3,1). y = mx + b or $1=-\frac{2}{5} * -3 + b$ , or solving for b: $b = 1-(-\frac{2}{5})(-3)$ . $b = -\frac{1}{5}$ .
(2,-1). y = mx + b or $-1=-\frac{2}{5} * 2 + b$ , or solving for b: $b = 1-(-\frac{2}{5})(2)$ . $b = -\frac{1}{5}$ .