Here’s a picture of my work. The answer is b. Hope this helps :-)
Answer:
its the last answer, the $735
Step-by-step explanation:
Answer:
Step-by-step explanation:
Data given and notation
n=1000 represent the random sample taken
estimated proportion of residents that favored the annexation
is the value that we want to test
z would represent the statistic (variable of interest)
represent the p value (variable of interest)
Concepts and formulas to use
We need to conduct a hypothesis in order to test the claim that the true proportion is higher than 0.5:
Null hypothesis:
Alternative hypothesis:
When we conduct a proportion test we need to use the z statistic, and the is given by:
(1)
The One-Sample Proportion Test is used to assess whether a population proportion
is significantly different from a hypothesized value
.
Calculate the statistic
Since we have all the info required we can replace in formula (1) like this:
Statistical decision
It's important to refresh the p value method or p value approach . "This method is about determining "likely" or "unlikely" by determining the probability assuming the null hypothesis were true of observing a more extreme test statistic in the direction of the alternative hypothesis than the one observed". Or in other words is just a method to have an statistical decision to fail to reject or reject the null hypothesis.
The next step would be calculate the p value for this test.
Since is a right tailed test the p value would be:
Answer:
Eden has 40 basketball cards
Step-by-step explanation:
Just do 5*8 which equals to 40, you can go back and check your answer by finding the 1/5 of 40 and you would receive 8
The lowest percentage increase in the cost of dye that would make the scarves unprofitable is 42%
<h3>How to calculate the percentage?</h3>
(Price- Unit Cost)/Price= 20% or 0.2
Price- Unit Cost= 0.2 Price
0.8 Price = Unit Cost
Let Unit Cost be x
Price = x/0.8= 1.25x
Dye is 60% of unit costs= 0.6x
Cost of remaining material= 1 - 0.6x = 0.4x
Unit Cost= Cost of Dye+ Cost of remaining material
So, in order to become unprofitable, Unit Cost must be 1.25x
Therefore
1.25x= Maximum cost of dye+ 0.4x
Maximum Cost of Dye = (1.25-0.4)x = 0.85x
Percentage change in cost of dye= {(0.85x-0.6x)/0.6x}*100= 41.66 or 42%
Therefore, theowest percentage increase in the cost of dye that would make the scarves unprofitable is 42%.
Learn more about percentages on:
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