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.
Answer:
This really depends.
Step-by-step explanation:
If a walnut costs 10 cents, he can buy 2 walnuts.
If a walnut costs 5 cents, he can buy 4.
If a walnut costs 20 cents, he can buy 3.
Answer:
840
Step-by-step explanation:
Since the order matters, we use the permutations formula to solve this question.
Permutations formula:
The number of possible permutations of x elements from a set of n elements is given by the following formula:
In this question:
The first seat is Jose's.
The remaining four are organized among the other 7 members. So
So the correct answer is:
840
15500 times 0.37 is 5735.
$5735
The 11% statement is extra information.
