Wendy opens a bank account with money she has saved. After this initial deposit, Wendy then deposits the same amount of money ea
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The high school dropout rate, as a percentage of 16- through 24- year-olds who are not enrolled in school and have not earned a high school credential was is 2009 8.1%.
To thest the claim that this percentage has decreased, a polling company takes a random sample of 1000 people between the ages of 16 and 24 and finds out that 6.5% of them are highschool dropouts.
The study variable is
X: Number of individuals with age between 16 and 24 years old that are highschool dropouts.
The parameter of interest is the proportion fo highschool dropouts p
And the sample proportion is p'= 0.065
The hypotheses are:
H₀: p ≥ 0.081
H₁: p < 0.081
To study the population proportion, you have to approximate the distribution of the sampling proportion to normal applying the Central Limit Theorem, then the statistic to use is an approximate standard normal:
I hope this helps!
Cost of chicken wings at Buffalo Bills = 8 wings for $7
Cost of 1 wing at Buffalo Bills =
Cost of chicken wings at Buffalo Mild Wings = 12 wings for $10
Cost of 1 wing at Buffalo Mild Wings =
Cost of chicken wings at Wingers = 20 wings at $17
Cost of 1 wing at Wingers =
Hence, comparing all the three costs per wing, we can see that Buffalo Mild Wings is serving chicken wings at lowest price of $0.833 per wing.