Last year the records of a convenience store chain showed the mean amount spent by a customer was $52. A sample of 36 transactions made this month revealed the mean amount spent was $50 with a standard deviation of $11. At the 0.10 significance level, test the claim that the mean amount spent by a customer has significantly decreased since last year.

Answers

Answer 1

There insufficient evidence to support the claim that the mean amount spent by a customer has significantly decreased since last year.

Step 1: State the hypotheses:

- Null hypothesis (H0): The mean amount spent by a customer is equal to or greater than last year's mean ($52).

- Alternative hypothesis (H1): The mean amount spent by a customer is significantly less than last year's mean ($52).

Step 2: Set the significance level:

The significance level (α) is given as 0.10. This represents a 10% chance of rejecting the null hypothesis when it is true.

Step 3: Formulate the decision rule:

Since the alternative hypothesis is stating a decrease in the mean amount spent, we will conduct a one-tailed t-test and reject the null hypothesis if the test statistic falls in the critical region corresponding to the left tail of the t-distribution.

Step 4: Calculate the test statistic:

We need to calculate the t-statistic using the formula:

t = (sample mean - population mean) / (sample standard deviation / √(sample size))

Given data:

Population mean (μ) = $52

Sample mean (X) = $50

Sample standard deviation (s) = $11

Sample size (n) = 36

Plugging in the values:

t = ($50 - $52) / ($11 / √(36))

t = -2 / ($11 / 6)

t ≈ -1.0909

Step 5: Determine the critical value and make a decision:

Since the significance level is 0.10 and the test is one-tailed to the left, we need to find the critical t-value at a 0.10 significance level with degrees of freedom equal to (n - 1) = (36 - 1) = 35.

so, the critical t-value is -1.3104.

Since the calculated t-statistic (-1.0909) does not fall in the critical region (t < -1.3104), we do not have enough evidence to reject the null hypothesis.

Step 6: State the conclusion:

Based on the data and the hypothesis test, at the 0.10 significance level, there is insufficient evidence to support the claim that the mean amount spent by a customer has significantly decreased since last year.

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Related Questions

Rewrite the equation below in Graphing Form:
2.
y = x2 8x + 31

Answers

Answer:

y=x^28x+31

Step-by-step explanation:

Answer:   y= x 4 − 6 y = 1 x − 2

Step-by-step explanation:

Please answer correctly! I will mark you as Brainliest!

Answers

Multiply the length by width by the height/3

7 x 6 x 8/3 = 112 in^2

The answer is 112 in^2

Answer:

112

Step-by-step explanation:

4h + 6 = 30
h =___?
Im in 7th grade and I really need help

Answers

Answer: h = 6

explanation:

first u get h by itself

4h + 6 = 30

subtract 6 from both sides

4h = 24

divide by 4 on both sides

h = 6

Answer:h=3/13

Step-by-step explanation: Subtract 6  from both sides of the equation 4h+6-6=30h-6 you simplify 4h=30h-6. Subtract 30h  from both sides of the equation then you get -26h=-6 then you divide both sides of the equation by the same term -26h/-26=-6/-26 and your answer is 3/13.


Yarely ordered a skateboard. There was a discount of 40% and the original price is
$60. What is the sale price?

Answers

Answer and working out attached below. Hope it helps.

A ship sails 9 km due West, then 5 km due South.

Find the bearing of the ship from its initial position.

Give your answer correct to 2 decimal places.

Answers

Answer:

10.29 km

Step-by-step explanation:

Given that,

A ship sails 9 km due West, then 5 km due South.

We need to find the distance of the ship from its initial position. Let the distance be d. We can find it as follows :

[tex]d=\sqrt{9^2+5^2} \\\\d=10.29\ km[/tex]

So, the required distance of the ship from its initial position is equal to 10.29 km.

Can someone plz help me

Answers

Answer:

54 sq ft

Step-by-step explanation:

6ft x 3 ft = 18 sq ft

9 ft x 4 ft = 36 sq ft

18 sq ft + 36 sq ft = 54 sq ft

The choices should be in sq ft, not in sq cm

The value of area in sq cm would be far greater than the value of area in sq ft.

What is the image of (-1, 7) after a reflection over the line y = x?

Answers

Answer:

(7, - 1 )

Step-by-step explanation:

Under a reflection in the line y = x

a point (x, y ) → (y, x ) , then

(- 1, 7 ) → (7, - 1 )

3x-y=2
x+2y=3

elimination method

Answers

Answer:

x=1 and y=1

Step-by-step explanation:

see attachment

Simplify 3.(9.).
A. 3x
B. 27x
C. 9x
D. 2 + 7x

Answers

i think your answer is B. 27x


Write a word problem for 1/3 X 2/3 . Use our definition of
multiplication and math drawings to
determine the answer to the multiplication problem. Explain
clearly.

Answers

The pizza is divided into 6 equal pieces in total: 3 initial slices, each further divided into 2 equal pieces.

A pizza is cut into 3 equal slices. Each slice is then cut into 2 equal pieces. How many pieces of pizza are there in total?

To solve this problem, we can use our definition of multiplication. Multiplication is repeated addition. In this case, we are repeatedly adding 2 to itself 3 times. This gives us 2 + 2 + 2 = 6. Therefore, there are 6 pieces of pizza in total.

We can also use math drawings to solve this problem. Here is a math drawing that shows how to find the product of 1/3 * 2/3:

The first row of the math drawing shows 1/3 of a pizza. The second row shows 2/3 of a pizza. The third row shows the product of 1/3 * 2/3. As you can see, the product is 6 pieces of pizza.

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Name the coordinates of P if P(0, 4) is rotated 180°

Answers

Answer:

P'(0, -4)

Step-by-step explanation:

when a coordinate (x, y) is rotated by 180 degrees, the resulting coordinate will be (-x, -y). Note that each coordinate is negated when rotated about 180 degrees

Given the coordinate P (0, 4). When rotated by 180 degrees, the resulting coordinate will be at P'(0, -4)

Does the nature of the data allow you describe the difference of the two medians as a multiple of the interquartile range? If so, what is the multiple?

Answers

Answer:

1/3

Step-by-step explanation:

From the figure, we know that the median of Amy is 40 and the median of Megan is 35.

Therefore the difference in their medians is = 40 - 35

                                                                         = 5

We see that Q1 of Megan is 25 and Q3 is 40. Therefore, her interquartile range is given by Q3 - Q1 = 40 - 25

                                           = 15

So, the difference of the medians is the multiple of the interquartile range.

So the multiple is = 5/15

                             = 1/3 (IQR of Megan)

Answer:

Yes, I can describe the difference of the two medians as a multiple of the interquartile range as shown below.

Step-by-step explanation:

The difference of the medians for the two data sets is 69 − 60 = 9. The interquartile ranges for the data sets are 9 ounces and 8 ounces.

This shows that the difference of the medians is about 1 times, or nearly equal to, the interquartile range of either data set.

For Genivieve, the multiple is 1:

9 = m(9)

m = 1

For Mindy, the multiple is 1.125:

9 = m(8)

m = 1.125

(This is the answer on edumentum)

A population of values has a normal distribution with 4 = 31.3 and o random sample of size n = 62. 18.4. You intend to draw a What is the mean of the distribution of sample means? What is the standard deviation of the distribution of sample means?

Answers

The standard deviation of the distribution of sample means is approximately 2.331.

The mean of the distribution of sample means, also known as the sampling distribution mean, is equal to the population mean. In this case, the population mean (μ) is given as 31.3. Therefore, the mean of the distribution of sample means is also 31.3.

The standard deviation of the distribution of sample means, also known as the standard error, can be calculated using the formula:

Standard Error = Population Standard Deviation / √(Sample Size)

In this case, the population standard deviation (σ) is given as 18.4, and the sample size (n) is 62. Plugging these values into the formula, we get:

Standard Error = 18.4 / √(62)

Standard Error ≈ 2.331

Therefore, the standard deviation of the distribution of sample means is approximately 2.331.

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Trucking is considering whether to expand its service. The expansion requires the expenditure of ​$10,500,000 on new service equipment and would generate annual net cash inflows from reduced costs of operations equal to $3,500,000 per year for each of the next 9 years. In year 9 the firm will also get back a cash flow equal to the salvage value of the​ equipment, which is valued at ​$0.9 million. ​ Thus, in year 9 the investment cash inflow totals ​$4,400,000. Calculate the​ project's NPV using a discount rate of 7 percent.

If the discount rate is 7 ​percent, then the​ project's NPV is

Answers

If the discount rate is 7 ​percent, then the​ project's NPV is $13,950,300.

Total expenditure = $10,500,000

Cost of operations = $3,500,000

Time = 9 years

Cash inflows = ​$4,400,000.

Calculating the present value (PV) of the annual net cash inflows -

[tex]PV = Cash inflow / (1 + Discount rate)^n[/tex]

[tex]PV = $3,500,000 / (1 + 0.07)^1 + $3,500,000 / (1 + 0.07)^2 + ... + $3,500,000 / (1 + 0.07)^9[/tex]

[tex]PV = $3,500,000 * [1 - (1 + 0.07)^-9] / 0.07[/tex]

= $24,450,300

Calculating the present value of the investment -

[tex]= $4,400,000 / (1 + 0.07)^9[/tex]

= $2,835,607

Calculating NPV -

NPV = PV of cash inflows - Initial investment cost

= $24,450,300 - $10,500,000

= $13,950,300

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NEED HELP!! 50 points!!!

Answers

Answer: 3, The initial velocity of the rocket

Answer:

the initial velocity of the rocket

Step-by-step explanation:

The population of a city is 100,000 and the annual growth rate is of 4.2%. Write an equation to model the population y after x years.

Answers

Answer:

y= 100,000*(1.042^x)

Step-by-step explanation:

Giving the following information:

Present Value= 100,000 people

Growth rate (g)= 4.2% per year

To calculate the future value (y) of the in any given year (x), we need to use the following formula:

y= PV*(1 + g)^x

y= 100,000*(1.042^x)

For example, for 5 years:

y= 100,000*1.042^5

y= 122,839.66 = 122,839

What is the difference between a leg and a hypotenuse?

Answers

Answer:

Legs - the sides that form the right angle of a right triangle.

Hypotenuse - the side opposite the right angle of a right triangle.

Step-by-step explanation:

Every triangle has 3 sides.

Certain special triangle have specific names assigned to their sides.

A right triangle has one right angle and two acute angles. The two sides that form the right angle of a right triangle are called legs. The third side of the right triangle is called hypotenuse. The hypotenuse is opposite the right angle and does not help form the right angle.

help ASAP ill give brainliest

Answers

Answer:

9 students is the correct answer :(




Use the standard normal distribution to find P(Z < -2.33 or z > 2.33). Select one: O 9809 .7888 .0198 O 0606

Answers

The probability P(Z < -2.33 or Z > 2.33) is approximately 0.0198.

How to find the probabilities

To find the probability P(Z < -2.33 or Z > 2.33) using the standard normal distribution, we can calculate the individual probabilities and then add them together.

Using a standard normal distribution calculator

The value for P(Z < -2.33) is approximately 0.0099.

P(Z < -2.33), which is approximately 0.0099.

we can add the two probabilities together

P(Z < -2.33 or Z > 2.33) = P(Z < -2.33) + P(Z > 2.33)

= 0.0099 + 0.0099

= 0.0198

Therefore, the probability P(Z < -2.33 or Z > 2.33) is approximately 0.0198

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please help ·ω· pppppppllllllllllllllleeeeeeeeeeaaaaaaaassssssssseeeeeeeeee????

Answers

Answer:

x=49

Step-by-step explanation:

please help me with this question

Answers

Radius= 33
Diameter = 66
Circumference = 207 yards
Area= 3,421 yards squared
Hope that helped :D

PLEASE ANSWER THIS ASAP I WILL GIVE YOU 5 STARS AND BRAINLIEST

Answers

Answer:

1. d

2. c

3. b

4. f

5. a

6. e

Step-by-step explanation:

Good Luck

(2x+1)^2+4x(x-1)-3+3(-4x^2

Answers

Answer:

−4x2−2

Step-by-step explanation:

The answer is -4x^2 - 2

I used Photomath

If the number of bacteria in a colony doubles every 46 minutes and there is currently a
population of 150 bacteria, what will the population be 92 minutes from now?
bacteria

Answers

Answer: 608

Step-by-step explanation: multiply by 2

HELP ME I NEED HELP!!!

Answers

Answer: B

Step-by-step explanation:

4.2 / 0.25 = 21

0.4 · 21 = 8.4

8.4 + 2.5 = 10.9

Show, using the Mean Value Theorem, that sin xsin y ≤ x − y| for all real numbers x and y. b) Prove, using a), that sinx is uniformly continuous on R.

Answers

Using the Mean Value Theorem, sin xsin y ≤ x − y| for all real numbers x and y, sinx is uniformly continuous on R.

The Mean Value Theorem states that if a function is continuous on a closed interval [a, b] and differentiable on the open interval (a, b), then there exists at least one point c in (a, b) where the derivative of the function is equal to the average rate of change of the function over [a, b].

Applying this theorem to the function f(x) = sin x on the interval [x, y], we can find a point c between x and y where the derivative of f(x) is equal to the average rate of change of f(x) over [x, y].

Since the derivative of sin x is cos x, we have cos c = (sin y - sin x) / (y - x). Rearranging the inequality, we get sin y - sin x ≤ cos c (y - x). Now, using the fact that |cos c| ≤ 1, we can rewrite the inequality as sin y - sin x ≤ |y - x|. Thus, sin xsin y ≤ x - y| for all real numbers x and y.

Learn more about Mean Value Theorem

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Solve 5/4=x/12.

x=
Please help!

Answers

Answer: x=15

Step-by-step explanation:Step 1: Cross-multiply.

5

4

=

x

12

(5)*(12)=x*(4)

60=4x

Step 2: Flip the equation.

4x=60

Step 3: Divide both sides by 4.

4x

4

=

60

4

x=15

Answer:

x=15

Is the triangle with leg lengths of 8 mm and 8 mm and a hypotenuse of length 12 mm a right triangle?

Answers

Answer:

No

Step-by-step explanation:

Use the Pythagorean Theorem to check on this.  

Does 8^2 + 8^2 = 12^2?  Does 64 + 64 = 144?  NO.  So this is not a right triangle.

The center and a point on a circle are given. Find the circumference to the nearest tenth.

center:(2, 2);
point on the circle: (−6, 5)

The circumference is about ?

Answers

Answer:

Circumference ~ 53.4

Step-by-step explanation:

Use the distance formula to get the radius of the circle. The radius is about 8.5. Now put 8.5 into the formula 2(pi)r for the Circumference. Rounding to the nearest tenth the answer is 53.4

please answer asap
i will mark brainliest
Solve for x and find the missing angle measurement.

Answers

Answer: x=17 and 98

Step-by-step explanation:

Those two angles are supplementary so just add them together and make it equal to 180.

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