The Mean Corporation would like to invest in the booming health food industry. It is considering the creation of a health-drink franchise called Goose Juice. The investment department of the Mean Corporation wants to investigate the feasibility of this venture by examining the profits of similar franchises. It believes that the venture will be feasible if an average annual profit of more than $85,000 can be expected from each Goose Juice that is opened. It is known that the annual profits earned by health-drink franchises has a population standard deviation of $8,700.

The Mean Corporation's statisticians would like to construct a hypothesis test for the population mean annual profit earned by health-drink franchises. A random sample of 50 franchises was chosen and their annual profit for the previous financial year was recorded. The mean annual profit for the sample was calculated as $82,441.

The hypotheses that were used by the statisticians were

Null hypothesis: population mean = 81,000, Alternative hypothesis: population mean > 81,000 and the test statistic was found to be 1.29 (to 2 decimal places).

Required:
Calculate the p-value for this test, giving your answer as a decimal to 4 decimal places.

Answers

Answer 1

Answer:

The p-value is approximately 0.9015  

Step-by-step explanation:

The statistic parameters are;

The population mean, μ₀ = $85,000

The population standard deviation, σ = $8,700

The size of the sample, n = 50

The sample mean annual profit, [tex]\bar x[/tex] = $82,441

The null hypothesis, H₀: μ = 81,000

The alternative hypothesis, Hₐ: μ > 81,000

Given that n > 30, a z-test is used

The test statistic ≈ 1.29

Therefore, we have;

[tex]z=\dfrac{\bar{x}-\mu_0 }{\dfrac{\sigma }{\sqrt{n}}} = 1.29[/tex]

From the z-score, the p value for a test statistic of 1.29 = 0.90147 which is 0.9015 after rounding up to 4 decimal places


Related Questions

The polynomial 3x2 – 10x + 8 has a factor of 3x – 4. What is the other factor of 3x2 – 10x + 8?

Answers

Answer:

The other factor is (x - 2)

Step-by-step explanation:

One quick way to solve this is to factor the polynomial and see what you get:

3x² – 10x + 8

= 3x² - 6x - 4x + 8

= 3x(x - 2) - 4(x - 2)

= (3x - 4)(x - 2)

You can also solve this using long division:

[tex]\ \ \ \ \ \ \ \ \ \ \underline{x - 2\ \ \ \ \ \ \ \ \ \ \ \ \ \ } \\3x - 4\ )3x^{2} - 10x + 8\\.\ \ \ \ \ \ \ \ \ \ \underline{3x^2 - 4x}\\.\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ -6x + 8\\.\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \underline{-6x + 8}\\.\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0R[/tex]

Consider the relationship 7r+2t=7. a. Write the relationship as a function r=f(t).

Answers

Answer: r = 2/7 -t

Step-by-step explanation: solve r from equation

7r = 2-7t l:7. r = 2/7 - t

The relationship as a function r=f(t) is [tex]\rm f(t)=\dfrac{7-2t}{7}\\\\[/tex].

What is the equation?

In algebra, an equation can be defined as a mathematical statement consisting of an equal symbol between two algebraic expressions that have the same value.

Consider the relationship;

7r+2t=7

Substitute r = f(t) in the equation

[tex]\rm 7r+2t=7\\\\7f(t)+2t=7\\\\ 7f(t)=7-2t\\\\f(t)=\dfrac{7-2t}{7}\\\\[/tex]

Hence, the relationship as a function r=f(t) is [tex]\rm f(t)=\dfrac{7-2t}{7}\\\\[/tex].

Learn more about equation here;

https://brainly.com/question/9699841

#SPJ2

Please help due tomorrow please explain if can

Answers

Answer:

16) 9ft, C

17) 1440 cm^3, D

18) 314 m^2, B

Step-by-step explanation:

16) 18 / 6 = 27 / x

18x = 162

x = 9 (C)

17) 24 / 1,920 = 18 / x

24x = 34,560

x = 1440 (D)

18) Surface Area of a sphere = 4 * pi * radius^2 (4r^2)

SA = 4pi(5)^2

SA = 4pi25

SA = 100pi

SA = 100(~3.14)

SA = 314 (B)

Find the slope and y-intercept for both problems

Answers

Answer:

1. 3/2

2. 4

Step-by-step explanation:

Find the errors and correct the following mathematical sentences.​

Answers

Answer:

ix) (2a + 3)² = 4a² +12a + 9

x) a) x² + 7x + 12 = (-3)² + 7(-3) + 12 = 9 -21 + 12 = 0

b) x² - 5x + 6 = (-3)² - 5(-3) + 6 = 9 + 15 + 6  = 30

c) x² + 5x = (-3)² + 5(-3) = 9 -15 =  -6

What is the surface area?
5 yd
4 yd
5 yd
6 yd
6 yd

Answers

The answer would be 5yd. It is the second 5yd
It would be 5 yd hope this helped

Someone PLEASE HELP ME WITH THIS IM IN A HURRY PLEASE

Answers

Answer:

A

Step-by-step explanation:

A

Find the indicated side of the triangle

Answers

Answer:

plz upload photo for your question

please show your equation in a picture

Let U = {1, 2, 3, 4, 5, 6, 7, 8}, A = B = and C = {1, 3, 7}. Find the following. (Enter your answers as a comma-separated list.) A ∪ B

Answers

Answer: C = {1, 3, 7}

Step-by-step explanation:

if one point is located at (-5,3) and another point is located at (7,-4). find the distance between the points. round to the nearest tenth.​

Answers

Answer:

13.9

Step-by-step explanation:

Use the distance formula:

[tex]d = \sqrt{(x_2 - x_1)^2 + (y_2-y_1)^2}\\\\d = \sqrt{(7 - (-5))^2 + (-4-3)^2}\\d = \sqrt{(12)^2 + (-7)^2}\\d = \sqrt{144 + 49}\\d = \sqrt{193}\\[/tex]

The square root of 193 rounded to the nearest tenth is 13.9.

PLEASE HELP 100 points to who ever gives me the answer Compare the numbers using >, <, or =.

a) -2 3

b) |-12| |15|

c) 3 -4

d) |15| |-12|

e) 7 -11

Answers

Answer:

a) -2 < 3

b) |-12| < |15| (the absolute value of -12 is 12 so that's comparing 12 to 15)

c) 3 > -4

d) |15| > |-12|

e) 7 > -11

math, i can give you brainliset just help me with the two questions :)

Answers

Answer:

2. the interquartile range is 20

3. 80 is the median.

Step-by-step explanation:

have a nice day.

Mr. Notar is shopping for a crib for his new baby. He finds a coupon for 15% off. If the crib originally costs $450, how much will he save with the coupon?

Answers

67.50

15x450/100
Have a great day

Please help!!!!!!!!!

Answers

Answer:D

Step-by-step explanation:

On a blueprint, a 1 in. scale corresponds to 7 ft. To show a room with actual dimensions 35 ft wide by 16 ft long, what dimensions (in inches) should be shown on the blueprint?

Answers

5 by 2.3
Divide the 35 and 16 by 7 respectively

4 = x + 12 PLEASE HELP QUICK

Answers

Answer:

x= -8

Step-by-step explanation:

Move the terms

Calculate: -x=12-4 = -x=8

Change the signs

SOLVE THESE PROBLEMS CORRECTLY TO BE MARKED BRAINLIEST!


1. Sophie wrote a two-digit number on the board. Max wrote the digit 3 to the right of it and got a number that is bigger than the Sophie's number by 372. What number did Sophie write on the board?


2. Some kids went on a bike ride. The ride was six hours long and the kids traveled 54 miles. For part of the ride they biked at a speed of 7 mph and for part of the ride they biked at a speed of 11 mph. For how long did they bike at the first speed, and for how long at the other speed?


3. I left Boston for Washington, DC, at 7:00 am. At first, my speed was 55 mph; then it was 75 mph. I traveled 630 miles in 10 hours. At what time did I begin to drive faster?


Thanks!

Answers

Answer: 1= 41

2= 3 hours biking at the other speed.

3= We began to drive at 75 mph at 1:00 p.m

Step-by-step explanation:

3= x/55 + (630 - x)/75 = 10

75x + 55 * (630 - x) = 41,250 (4,125 as Lowest common multiple)

75x + 34,650 - 55x = 41,250

20x = 41,250 - 34,650 (Subtracting 34,650 at both sides)

20x = 6,600

x = 6,600/20

x = 330 ⇒ 630 - x = 300

Time we drove at 55 mph = 330/55 = 6 hours

Time we drove at 75 mph = 300/75 = 4 hours

We began to drive at 75 mph at 1:00 p.m. (7 am + 6 hours)

hope this helps :)

Solve -a + 7 = 2a - 8. a=5 D a= 15 a -3 = B a

Answers

We want to solve for a
-a + 7 = 2a - 8
we will add 8 to both sides and simply to
-a + 15 = 2a
We will then add a to both sides and simply to
15 = 3a
We then divide by 3 on both sides to get
a=5

WILL MARL BRAINLEST
A full lake begins dropping at a constantrate. After 4 weeks it has dropped 3 feet.What is the unit rate of change in the lake’slevel compared to its full level?
A.0.75 feet per week
B.1.33 feet per week
C. −1.33 feet per week
D.−0.75 feet per week

1

Answers

Answer:

A is the answer

Step-by-step explanation:

A is the answer

Can you help me here is the inage

Answers

Answer:

150x=y

Step-by-step explanation:

2x150=300

4x150=600

6x150=900

8x150=1200

How can you use tables, graphs and equations to compare functions

Answers

Answer:

A graph is a chart or drawing that shows the relationship between changing things.

- They are a diagram displaying the relationship between numbers or amounts.

- A graph is one of the easiest ways to compare numbers.

- A graph or chart is used to present facts in visual form.

- They are a drawing that displays the relative sizes of numerical quantities.

- Graphs can be used to illustrate many types of data.

- They should be used to make facts clearer and more understandable.

- it shows trends over time.

- Forceful -- Emphasizes main point

- Convincing -- proves a point, see and hear

- Compact way to convey information

- More interesting than just talk or print

- Quick way for the audience to visualize what you are saying -- numbers trends up or down

- To bring facts to life

- To show and compare relationships

- To show and compare changes

- They are much easier to understand then a large

table of numbers

- without

the need to understand what each and every number in a table means.

They help you visually see the difference between two or more values.

Hope this helps!

Two times a number x, less 15, is greater than or equal to 4 times the number y

Answers

Answer:

2x - 15 ≥ 4y

Step-by-step explanation:

A car travels 46 feet in one sec . At this speed about how many feet will the car trave in 2 sec

Answers

Answer:

92 feet.

Step-by-step explanation:

Plzz help mee I am timed

Answers

Answer:

A or D

Step-by-step explanation:

I cant totally remember, but a and d make sense. sorry, I learned about this in 6th

WHAT ARE THESE TWO ILL GIVE BRAINLESS AND SHOW UR WORK

Answers

n= 66°
k= 29°

All triangles add up to 180 so that’s how i got those

Help, please. The question is down below. I give brainliest. Please anyone help.

Answers

Answer:

25%

hope this helps

Convert the angle −4.5 radians to degrees, rounding to the nearest 10th

Answers

-4.5 rad = -4.5 x 180 / pi = -257.83°

Answer:-257.8

Step-by-step explanation:

i need help with b and jk

Answers

Answer:

b = 1

JK = 3

Step-by-step explanation:

5b - 2 = 9b - 6

4b = 4

b = 1

JK = 3

Can you help me image is here which 2 Should I drag

Answers

Answer:

54, 63

Step-by-step explanation:

6 x 9 = 54

7 x 9 = 63

pretty pls help with this questionn pls i need helpp

Answers

The area would be 10.8 m
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