How do i write 35% of $96.88 and explain my work
2 answers:
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Answer:
We conclude that the population mean light bulb life is at least 500 hours at the significance level of 0.01.
Step-by-step explanation:
We are given that a manufacturer produces light bulbs that have a mean life of at least 500 hours when the production process is working properly. The population standard deviation is 50 hours and the light bulb life is normally distributed.
You select a sample of 100 light bulbs and find mean bulb life is 490 hours.
Let = <u><em>population mean light bulb life.</em></u>
So, Null Hypothesis, :
500 hours {means that the population mean light bulb life is at least 500 hours}
Alternate Hypothesis, :
< 500 hours {means that the population mean light bulb life is below 500 hours}
The test statistics that would be used here <u>One-sample z test statistics</u> as we know about the population standard deviation;
T.S. = ~ N(0,1)
where, = sample mean bulb life = 490 hours
σ = population standard deviation = 50 hours
n = sample of light bulbs = 100
So, <u><em>the test statistics</em></u> =
= -2
The value of z test statistics is -2.
<u>Now, at 0.01 significance level the z table gives critical value of -2.33 for left-tailed test.</u>
Since our test statistic is higher than the critical value of z as -2 > -2.33, so we have insufficient evidence to reject our null hypothesis as it will not fall in the rejection region due to which <u>we fail to reject our null hypothesis.</u>
Therefore, we conclude that the population mean light bulb life is at least 500 hours.
Answer:
The possible way for the initiative to accomplish its goal without exceeding its budget is use 12.5 hectares for planting trees and 12.5 hectares by purchasing land.
Step-by-step explanation:
Let the variable <em>X</em> represent the amount of land used for planting trees and <em>Y</em> represent the amount of land purchased.
The goal of the environmental initiative is to save at least 25 million hectares of rain forest.
That is:
<em>X</em> + <em>Y</em> = 25....(i)
Now it is provided that:
- The cost of planting trees is $ 400 per hectare.
- The cost of purchasing land is $ 260 per hectare.
- The initiative has a budget of $8,250 million.
Using the above data it can be said that:
400<em>X</em> + 260<em>Y</em> = 8250....(ii)
Solve equations (i) and (ii) simultaneously.
Then the value of <em>y</em> is:
Thus, the possible way for the initiative to accomplish its goal without exceeding its budget is use 12.5 hectares for planting trees and 12.5 hectares for purchasing land.