Gavin wrote the equation p = StartFraction 3 (s + 100) Over 4 EndFraction to represent p, the profit he makes from s sales in hi
2 answers:
You might be interested in
Answer:
The value of the parameter is λ is 0.03553357
Step-by-step explanation:
Consider the provided function.
for −∞ < x < ∞.
It is given that standard deviation is given as 39.8 km.
Now we need to calculate the value of parameter λ.
The general formula for the probability density function of the double exponential distribution is:
Where μ is the location parameter and β is the scale parameter.
Compare the provided equation with the above formula we get.
and μ = 0.
Standard deviation = √2β
Now substitute the value of β in .
Hence, the value of the parameter is λ is 0.03553357
Answer:
We accept the null hypothesis and the population mean is $120.
Step-by-step explanation:
We are given the following in the question:
Sample size, n = 100
Sample mean, = $120
Alpha, α = 0.01
Sample standard deviation, s = $25
First, we design the null and the alternate hypothesis
We use two-tailed t test to perform this hypothesis.
Formula:
Putting all the values, we have
p-value one tail= 0.024
p-value two tail= 0.048
Conclusion:
Since the p-value for two tailed test is greater than the significance level, we fail to reject the null hypothesis and accept it.
Thus, the population mean is $120.