The average home in the U.S. is expected to cost $240,000. A random sample of 65 homes sold this month showed an average price of $232,000. Assume that you have access to this data. We are interested in determining if the cost of the average home has decreased this month. If the test statistic is -1.79, what is the p-value

Answers

Answer 1

Solution :

It is given that we have a null and an alternative hypothesis. The hypothesis are :

[tex]$H_0: \mu = 240,000$[/tex]

[tex]$H_a : \mu < 240,000$[/tex]

We have to find if the cost of average home has decreased or not in this month.

So it is given that the test statics is -1.79, so the p value associated with the test statics is less than ( α ) 0.01

Therefore, we can conclude that the cost of the average house is less than $ 240,000.


Related Questions

help help help please ​

Answers

Answer:

the lines are perpendicular because they have the same slope so the correct answer would be c

Step-by-step explanation:

Can somebody please help me with this question?

Answers

To find how many degrees a polygon's angles add up to, use the formula (n - 2) · 180, where n = the number of angles. So, since this polygon has 5 angles (it's a pentagon)

(5-2) · 180 = 3 · 180 = 540.

Now, all we have to do is add up all of the angles:

75 + 126 + 126 + 81 + c = 540

c = 132

Maximizing revenue. Edwards University wants to determine what price to charge for tickets to football games. At $18 per ticket, attendance averages 40,000 people per game. Every decrease of $3 to the ticket price adds 10,000 people to the average attendance. Every person at a game spends an average of $4.50 on concessions. What price per ticket will maximize revenue

Answers

Answer:

New price is $12.75

New attendance is 57500

Step-by-step explanation:

For starters, we use the relation.

18 - 3x

Since we don't know the number of times we're expected to deduct $3 from the price.

Again, we have 40000 + 10000x on another hand. Question says to add 10000 people everytime $3 is deducted.

Since (40000 + 10000x) is the number of people, we multiply it by $4.50, the average amount each person spends is then gotten to be

(18 - 3x) (40000 + 10000x) + (40000 + 10000x) (4.5) = 0

Expanding the bracket, we have

[720000 + 60000x - 30000x²] + [180000 + 45000x] = 0, solving further, we have

900000 + 105000x - 30000x² = 0 or

-30000x² + 105000x + 900000 = 0

Then, we find the maximum of a quadratic, by finding the axis of symmetry. Use x = -b/2a

x = -105000 / 2 * -30000

x = -105000 / -60000

x = 1.75

From our earlier equations, the new price then is

18 - 3(1.75) = 18 - 5.25 = $12.75

The new attendance also is

40000 + 10000(1.75) =

40000 + 17500 = 57500

Determine which of the following pairs of angles are complementary,
supplementary or neither.

Answers

Step-by-step explanation:

Supplementary angles add up to 180

Complementary angles add up to 90

you can check those angles by adding them up

121+59=180                 Supplementary

49+51=100                  Neither

25+65=90                  Complementary

Hope that helps :)

Step-by-step explanation:

121 and 59 are supplementary.49 and 51 neither.25 and 65 are complimantary.

The diameter of a circle is 16 kilometers. What is the angle measure of an arc 6​ kilometers long?
In simplest form

Answers

Answer: 135/pi

Step-by-step explanation: Circumference is 16pi. So then 6/16pi is the fraction of the 360 arc measure of the entire circle that is the angle measure of the arc, so we multiply 6/16pi times 360 and yield 135/pi. Hope this helps!

PLS HELP answer all and the pictures, label them as the first 3, and the second one 4
1. Identify the solid by its description:
One triangular base and three lateral faces that are triangles
2. Identify the solid by its description:
Two parallel rectangular bases and four lateral faces that are rectangles

Answers

Answer:

Is a rectangular polygon because it has sides which are rectangleIt a polygon cone or a polygon pyramid because it has a base of a polygon

At the school fall festival, the student council sold sodas as a fundraiser. The table below shows the number of sodas they sold and the cumulative total money.

Sodas Sold Money Collected
0 $0.00
2 $3.00
5 $7.50
9 $13.50
10 $15.00

Based on the information, what is the price per soda?
A.
$1.50 per soda
B.
$0.50 per soda
C.
$2.25 per soda
D.
$2.50 per soda

Answers

Answer A is correct

solve the equation of the 18y = 144 to find the value of y

Answers

Answer:

y=8 i think

Step-by-step explanation:

Answer: y=8

Step-by-step explanation: You divide 18y/18 to isolate y but what you do to one side you must do to the other do you divide 144/18 as well so get the answer of y=8

I hope this helps you or anybody!

Which is the cost of the minimum spanning tree of the weighted graph using Kruskal's Algorithm?

28
30
31
40

Answers

answer:

i believe 28

Step-by-step explanation:

HELP PLEAse?
Classify the triangle by its sides and angles.

-acute, scalene
-obtuse, scalene.
-acute, equilateral
-obtuse, equilateral

Answers

Answer:

acute, equilateral

Step-by-step explanation:

Answer:

Acute, equilateral

Step-by-step explanation:

Angle of 60 is acute and it is an equilateral triangle.

Show processes po Pa help po need ko po bukass pleaseeee po.... I BRAINLIEST ko po yung tamang sagot:(​

Answers

there's your answer.............

Need answer asap, brainliest for correct answer

Answers

Answer:

C

Step-by-step explanation:

The rotation of 90 degree anti clockwise makes more sense as the reflection is across the x axis shows us a line of symmetry above after the rotation of 90 degree anticlockwise at x axis (0) so that the rectangle is reflected ito (-8,-3)) (-3,-3) (-8,-6) (-3,-6)

Proving that the rectangle is 5cm long and 3cm high after 90 degree rotation and reflection from y axis to the x axis position in the far left corner.

Which two-way frequency table correctly shows the marginal frequencies?

Answers

Answer:

B

Step-by-step explanation:

You get your first job ever and they tell you that you will make $350.25 for 15 hours. How much money will you make working 40 hours?

Answers

I’m pretty sure the answer is $934

Anna charges $8.50 per hour to babysit . How much will earn if she works for 31/2 hours?

Answers

Answer:

$29.75

Step-by-step explanation:

$8.50 for 1 hour

So for 3 hours, it will be 8.50 + 8.50 + 8.50 equaling to 25.50

So far the total is $25.50 for 3 hours ONLY!

Now, for half of an hour it will be half of a price, making 8.50 into 4.25

Finally, add $25.50 + $4.25 giving you the totality of $29.75 as the final pay after working for 3 1/2 hours

n airline company charges the following baggage fees: $25 for the first bag and $35 for the second (i.e., you pay $60 if you check two bags). Suppose 54% of passengers have no checked luggage, 34% have one piece of checked luggage and 12% have two pieces. About how much revenue should the airline expect for a flight of 120 passengers

Answers

Answer:

The airline should expect a revenue of $1,884 for a flight of 120 passengers

Step-by-step explanation:

For each passenger:

54% of passengers have no checked luggage, that is, 54% probability of no revenue.

34% have one piece, that is, 34% probability of $25 revenue.

12% have two pieces, that is, 12% probability of $60 revenue.

The expected revenue for a single passenger is:

[tex]E = 0.54*0 + 0.34*25 + 0.12*60 = 15.7[/tex]

For 120 passengers

15.7*120 = $1,884

The airline should expect a revenue of $1,884 for a flight of 120 passengers

Is the following equation exponential? Why or why not y=x^2+5

Answers

*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆**☆*――*☆*――*☆*――*☆

Answer: Yes because of x^2

Explanation:

I hope this helped!

<!> Brainliest is appreciated! <!>

- Zack Slocum

*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆**☆*――*☆*――*☆*――*☆

Billy ate 30% of a pizza and Bonnie ate 3/8 of a pizza who ate more

Answers

Bonnie ate more because 3/8 is 37.5.
Hope this helps!

Find the measure of 44.
{
44
158°
K
*4 = [?]

Answers

<4=22°

Answer:

<4+158=180 co interior angle

<4=180-158=22°

Answer:

solution given:

<4+<158°=180°[co- interior angle]

<4=180°-<158°=22°

<4=22° is your answer

PLZ HELP!!!!! Find the slope of each line that passes through the given points. (−2, 1) and (6, −5)

Answers

Answer:

m = -3/4

Step-by-step explanation:

-5 - 1 / 6 - -2 = -6/8 = -3/4

Answer:

Step-by-step explanation:

(-5 - 1)/(6 + 2)= -6/8 = -3/4

Jane's dog is 62 centimeters long. Alan's dog is 33 centimeters long. How
much shorter is Alan's dog than Jane's dog?

Answers

29 Centimeters shorter

Dont steal points please if you do you will get repo answer all please I will give brainliest if its correct and 5 stars rating and the heart thanks.

Answers

Answer:

Here is the work I did yesterday for you

Step-by-step explanation:

Warren reads 6 books each month as part of his book club. If Warren has read 24 books so
far, how many months has he been with his book club?

Answers

Answer: 4 months

Look at it this way: 6 books in a group. How many groups are there? well this is multiplication. Just add 6 a bunch of times until you get 24. You will add 6+6+6+6. There are 4 6's. This means, there are 4 months, with 6 books each month.

Answer: 4months

Step-by-step explanation:

Consider this: a set of six novels. What is the total number of groups? This is, after all, multiplication. Simply multiply 6 by 6 until you have 24. You'll multiply 6 by 6 by 6 by 6 There are four sixes. This implies there are four months in all, each with six books.

its very easy just try it

Answers

the answer is a. biased

Answer:

it is biased

Step-by-step explanation:

An operation manager at an electronics company wants to test their amplifiers. The design engineer claims they have a mean output of 429 watts with a standard deviation of 10 watts. What is the probability that the mean amplifier output would be greater than 432.1 watts in a sample of 76 amplifiers if the claim is true

Answers

Answer:

0.0035 = 0.35% probability that the mean amplifier output would be greater than 432.1 watts.

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

Central Limit Theorem

The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

Mean output of 429 watts with a standard deviation of 10 watts.

This means that [tex]\mu = 429, \sigma = 10[/tex]

Sample of 76:

This means that [tex]n = 76, s = \frac{10}{\sqrt{76}} = 1.147[/tex]

What is the probability that the mean amplifier output would be greater than 432.1 watts?

This is 1 subtracted by the pvalue of Z when X = 432.1. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

By the Central Limit Theorem

[tex]Z = \frac{X - \mu}{s}[/tex]

[tex]Z = \frac{432.1 - 429}{1.147}[/tex]

[tex]Z = 2.7[/tex]

[tex]Z = 2.7[/tex] has a pvalue of 0.9965

1 - 0.9965 = 0.0035

0.0035 = 0.35% probability that the mean amplifier output would be greater than 432.1 watts.

When (3x + 2)^2 is subtracted from 10x^2, the result is

Answers

The answer is 7x^2 - 2^2.

Can someone help with vectors?

Answers

Answer:

Wait, the vector from despicable me or the math vector?

Step-by-step explanation:

If its the math vector than here: The correct answer is a vector

Classify the triangle as acute, obtuse, or right based on the given side
lengths. *
3,4,6
Acute
Obtuse
Right

Answers

Acute is the kind of angle

Amir has 5 cups of water. He uses it to water 12 plants. Each plant gets
the same amount of water. How much water does each plant get?

Answers

Answer:

5/12 cup of water per plant

find the area (pls help)

Answers

Answer:

Equation: 4.8 times 5.2 then divided by 2

= 12.48 (area)

Step-by-step explanation:

The formula of finding the area of a triangle:

base * height then divided by 2

* = multiply

Base: 4.8

Height: 5.2

multiply them

= 24.96

then divide by 2

= 12.48

hope this helped :)

Answer:

12.48

Step-by-step explanation:

5.2 times 4.8 is is 24.96 and that divded by 2 is 12.48

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