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Answer:
The p-value is approximately 0.0508
Step-by-step explanation:
The given parameters are;
The expected mass of banana chips bag filled by the machine, μ = 421 gams
The number of bags in the sample of bags filled by the machine, n = 26 bags
The mean mass of the bags in the sample, = 413 grams
The standard deviation of the mass in the bags, s = 24 grams
The level of significance, α = 0.02
The null hypothesis, H₀; μ = 421 grams
The alternative hypothesis, Hₐ; μ < 421 grams
The test statistic is given as follows;
We get;
The t-value = -1.6996731712
The degrees of freedom df = n - 1 = 26 - 1 = 25
From an online source, we get the critical-t = 2.166587
The p-value is obtained using an online source as p(t ≤ -1.6996731712) = 0.0508
From the p-value table, we get
0.05 < p < 0.1
Answer:
Savings on electricity per year by brand B = 114.3 - 104.76 = $9.54
Step-by-step explanation:
Ms. Wang is shopping for a new refrigerator. Brand A costs $569 and uses 635 kilowatt-hours per year. Brand B costs $647 and uses 582 kilowatt-hours per year.
Let's assume he buys brand B, so he already has a loss over the price of the commodity that is , loss = 647 - 569 =$78
Cost of electricity = $0.18
Now in the case of electricity,
spending on Brand A = 635 0.18 = $114.3
spending on Brand B = 582 0.18 = $104.76
Savings on electricity per year by brand B = 114.3 - 104.76 = $9.54