A study was carried out to compare the effectiveness of the two vaccines A and B. The study reported that of the 900 adults who were randomly assigned vaccine A, 18 got the virus. Of the 600 adults who were randomly assigned vaccine B, 30 got the virus (round to two decimal places as needed).

Construct a 95% confidence interval for comparing the two vaccines (define vaccine A as population 1 and vaccine B as population 2

Suppose the two vaccines A and B were claimed to have the same effectiveness in preventing infection from the virus. A researcher wants to find out if there is a significant difference in the proportions of adults who got the virus after vaccinated using a significance level of 0.05.

What is the test statistic?

Answers

Answer 1

The test statistic is approximately -2.99 using the significance level of 0.05.

To compare the effectiveness of vaccines A and B, we can use a hypothesis test for the difference in proportions. First, we calculate the sample proportions:

p1 = x1 / n1 = 18 / 900 ≈ 0.02

p2 = x2 / n2 = 30 / 600 ≈ 0.05

Where x1 and x2 represent the number of adults who got the virus in each group.

To construct a 95% confidence interval for comparing the two vaccines, we can use the following formula:

CI = (p1 - p2) ± Z * √[(p1 * (1 - p1) / n1) + (p2 * (1 - p2) / n2)]

Where Z is the critical value corresponding to a 95% confidence level. For a two-tailed test at a significance level of 0.05, Z is approximately 1.96.

Plugging in the values:

CI = (0.02 - 0.05) ± 1.96 * √[(0.02 * (1 - 0.02) / 900) + (0.05 * (1 - 0.05) / 600)]

Simplifying the equation:

CI = -0.03 ± 1.96 * √[(0.02 * 0.98 / 900) + (0.05 * 0.95 / 600)]

Calculating the values inside the square root:

√[(0.02 * 0.98 / 900) + (0.05 * 0.95 / 600)] ≈ √[0.0000218 + 0.0000792] ≈ √0.000101 ≈ 0.01005

Finally, plugging this value back into the confidence interval equation:

CI = -0.03 ± 1.96 * 0.01005

Calculating the confidence interval:

CI = (-0.0508, -0.0092)

Therefore, the 95% confidence interval for the difference in proportions (p1 - p2) is (-0.0508, -0.0092).

Now, to find the test statistic, we can use the following formula:

Test Statistic = (p1 - p2) / √[(p1 * (1 - p1) / n1) + (p2 * (1 - p2) / n2)]

Plugging in the values:

Test Statistic = (0.02 - 0.05) / √[(0.02 * (1 - 0.02) / 900) + (0.05 * (1 - 0.05) / 600)]

Simplifying the equation:

Test Statistic = -0.03 / √[(0.02 * 0.98 / 900) + (0.05 * 0.95 / 600)]

Calculating the values inside the square root:

√[(0.02 * 0.98 / 900) + (0.05 * 0.95 / 600)] ≈ √[0.0000218 + 0.0000792] ≈ √0.000101 ≈ 0.01005

Finally, plugging this value back into the test statistic equation:

Test Statistic = -0.03 / 0.01005 ≈ -2.99

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Related Questions

PLS HELP ASAP
WIll report if link is given

PLS HELP ASAP WIll report if link is given

Answers

Answer:

x=72

Step-by-step explanation:

x/6+9=21

x/6=21-9

x/6=12

6(x/6)=12(6)

x=12x6

x=72

An advertising company is purchasing a new industrial-sized color printer. The company has been approved for a $75,000 loan at two different
banks. The terms of each loan are:
Offer 1: 4.99% annual simple interest, with a total account balance of $91,529.38 after a 53-month term
Offer 2: 3.5% annual interest compounded monthly for a 62-month term
Assuming no payments are made, what is the difference in the account balances at the end of the loan terms. Round your answer to the nearest
penny.
O $1,624.49
$1,686.87
$1,894.02
O $2,207.67

Answers

The difference in the account balances at the end of the loan terms is given as follows:

$1,686.87.

What is compound interest?

The amount of money earned, in compound interest, after t years, is given by:

\(A(t) = P\left(1 + \frac{r}{n}\right)^{nt}\)

In which:

P is the principal, which is the value of deposit/loan/....r is the interest rate, as a decimal value.n is the number of times that interest is compounded per year, annually n = 1, semi-annually n = 2, quarterly n = 4, monthly n = 12.

The parameters for the offer 2 are given as follows:

P = 75000, r = 0.035, n = 12, t = 62/12.

Hence the balance of the offer 2 is given as follows:

B = 75000 x (1 + 0.035/12)^(12 x 62/12)

B = $89,842.51.

The balance of Offer 1 is of $91,529.38, hence the difference in the balances is given as follows:

91529.38 - 89842.51 = $1,686.87.

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the company shows that its median listing is $150,000. if the range of the listings is $50,000, is it possible for the company to have a house listed for $200,000?

Answers

Answer:

no

Step-by-step explanation:


find the surface area of the following cylinder. Round your answers to the nearest tenth.

find the surface area of the following cylinder. Round your answers to the nearest tenth.

Answers

Answer:

233

Step-by-step explanation:

2=33=2=

Which quadratic equation gives the area a of the rectangle in square feet given its width in w feet?

Answers

The quadratic equation that gives the area, "a," of a rectangle in square feet given its width, "w," in feet is **A = w^2**, where A represents the area and w represents the width.

In a rectangle, the area is given by the product of its length and width. Since we are specifically interested in finding the equation for the area in terms of the width, we can let the length be a constant value or represent it in terms of the width.

Let's assume the length is a constant value, L. Then, the area of the rectangle, A, can be expressed as A = Lw.

However, if we consider the rectangle to be a square (where the length is equal to the width), we have a special case where L = w. In this case, the equation for the area simplifies to A = w^2.

Therefore, the quadratic equation A = w^2 represents the area of a rectangle in square feet given its width in feet. This equation indicates that the area is directly proportional to the square of the width.

For example, if the width of the rectangle is 5 feet, we can substitute w = 5 into the equation: A = 5^2 = 25 square feet. This means that the area of the rectangle would be 25 square feet when the width is 5 feet.

It's important to note that the equation A = w^2 assumes that the width and length of the rectangle are measured in the same unit (feet in this case). If the width is measured in a different unit, such as inches or meters, the equation would need to be adjusted accordingly to maintain consistent units.

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sam goes to a restaurant to but a burger along with a drink.

Answers

Based on the fact that Sam goes to the restaurant to buy a burger and a drink and find the value meal price, the marginal cost of the drink is $0.49.

What is the marginal cost of the drink?

The fact that Sam is considering buying a burger and chips with the drink being an afterthought means that it is the least important item in the value meal for Sam.

Its marginal cost can therefore be found as:

= Cost of value meal - price of burger - price of fries

= 4.99 - 3.00 - 1.50

= 1.99 - 1.50

= $0.49

In conclusion, the marginal cost of the drink is $0.49.

Full question is:

Sam has decided to buy a burger and fries at a​ restaurant, but he is considering whether to buy a drink as well. Suppose the price of a burger is​ $3.00, fries are​ $1.50, drinks are​ $2.00, and a value meal with all three costs​ $4.99. For​ Sam, what is the marginal cost of the​ drink?

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6. Triangle JKL has vertices J(0, 2), K(-1,2), and
L(0, -3). What are the coordinates of the image of point
K after a dilation with a scale factor of 4?

Answers

Answer:

Point K: (-4, 8)

Step-by-step explanation:

using a scale factor means you will multiply that amount to the coordinates given. in this situation, i multiplied the coordinates of point K (-1, 2) by the scale factor of 4. This multiplication resulted in the new point: (-4, 8).

i hope this helps!

-10a - 9n + 16 - 30 + 3n + 15a + 50 + aWhat are the variables in the expression aboveWhat are the constants in the expression above

Answers

The variable can change depending on the equation and the constant doesnot change .

Here, the variables are a,n

The constants are 16,-30,50

Use the model A=Pe^rt or A=P(1+r/n)^nt, where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t years. If $4000 is put aside in a money market account with interest compounded monthly at 2.7%, find the time required for the account to earn $1000. Round to the nearest month.

Answers

Answer:

-51 months

Step-by-step explanation:

To solve, we can use the second model since we're told the money is compounded monthly

Before we plug in our, we must convert the percentage rate to a decimal (2.7 / 100 = 0.027)Also, we must remember that since the money is compounded n times per year and since there are 12 monthThus, we plug into the equation 1000 for A, 4000 for P, 0.027 for r, 12 for n to solve for t (time in months)

\(A=P(1+r/n)^n^t\\\\1000=4000(1+0.027/12)^1^2^t\\\\1/4=(4009/4000)^1^2^t\\\\log(1/4)=log(4009/4000)^1^2^t\\\\log(1/4)=12t*log(4009/4000)\\\\log(1/4)/log(4009/4000)=12t\\\\1/12*(log(1/4)/log(4009/4000))=t\\\\-51.40197623=t\\-51=t\)

To solve this problem, we'll use the formula A=P(1+r/n)^nt, where A is the future value, P is the initial investment, r is the interest rate, n is the number of times compounded per year, and t is the number of years.

In this case, we know that P=$4000, r=2.7%, and n=12 (since interest is compounded monthly). We're trying to find the time required for the account to earn $1000, so A=P+$1000=$5000.

Plugging these values into the formula, we get:

$5000=$4000(1+0.027/12)^(12t)

Simplifying, we can divide both sides by $4000 and take the natural logarithm of both sides:

ln(1.25)=ln(1+0.027/12)^(12t)

Using the properties of logarithms, we can bring the exponent down:

ln(1.25)=12t*ln(1+0.027/12)

Dividing both sides by 12ln(1+0.027/12), we get:

t=ln(1.25)/(12ln(1+0.027/12))

Using a calculator, we find that t is approximately 3.5 years. Rounded to the nearest month, this is 42 months.

Therefore, it would take approximately 42 months (or 3 years and 6 months) for the account to earn $1000 with an initial investment of $4000 at an interest rate of 2.7% compounded monthly.

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Suppose that an individual has a body fat percentage of 15.7% and weighs 162 pounds. How many pounds of her weight is made up of fat? Round your answer to the nearest tenth.

Answers

15.7% * 162 = 0.157 (15.7/100) * 162
= 25.434 lbs
= 25.4 lbs (nearest tenth)
^ keep the tenth and round the value after it up or down

context.
The expression s2 is used to calculate the area of a square, where s is the side length of the square. What does the expression (8x)2 represent?
O the area of a square with a side length of 16
O the area of a square with a side length of 8
O the area of a square with a side length of 4x
O the area of a square with a side length of 8x

Answers


The area of a square with a side length of 8x

The following bar graph summarizes the weather conditions in Crayonton for each day this month so far.

Based on this data, what is a reasonable estimate of the probability that it is sunny tomorrow?

Answers

The reasonable estimate of the  probability that it is sunny tomorrow is option D: 25%

What is the probability?

The concept of probability is determining the chance or likelihood of a certain event occurring. When we lack certainty regarding the result of a happening, we can discuss the chances of particular consequences, which denote their level of probability. The value of probability is one that ranges form  0-1

From the graph,

Numbers of days of weather that is sunny is = 3

Total numbers of days of weather = days of weather that is  sunny + days of weather that is rainy + days of weather that is snowy

= 3 + 5 + 2 + 2 = 12

So, the probability of days of weather to be sunny + 3.12 = 1/4

= 0.25

Hence there is a 25 % chance that the weather will be sunny.


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The following bar graph summarizes the weather conditions in Crayonton for each day this month so far. Based on this data, what is a reasonable estimate of the probability that it is sunny tomorrow? Choose the best answer.

a 14

b 17

c 21

d 25

The following bar graph summarizes the weather conditions in Crayonton for each day this month so far.Based

The soil for house plants consists of water. if someone wants to plant flowers that need water in the soil, how many liters of water they need to add to of soil?

Answers

To ensure proper moisture for house plants, approximately 1 liter of water needs to be added to every 5 liters of soil.

How much water should be added per 5 liters of soil for house plants?

House plants require a balance of water and soil to thrive. When planting flowers that need water, it is important to ensure the soil retains adequate moisture. As a general guideline, you should add approximately 1 liter of water to every 5 liters of soil. This ratio helps to maintain the right level of hydration for the plants.

The watering needs of plants can vary depending on factors such as plant species, environmental conditions, and pot size. It's crucial to consider individual plant requirements and adjust watering accordingly. Before adding water to the soil, it's advisable to check the moisture level by inserting your finger into the soil up to your knuckle. If it feels dry, it's time to water. However, if it feels moist, it's best to wait and avoid overwatering, which can lead to root rot and other problems.

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learning goal:to understand the concept of electromotive force and internal resistance; to understand the processes in one-loop circuits; to become familiar with the use of the ammeter and voltmeter.

Answers

The correct option for the given relation is option C. Using a voltmeter and an ammeter connected in series with battery, emf and terminal voltage.

The serial connection of an ammeter Option A and B are incorrect because the voltmeter is connected in parallel to the circuit. Without causing a buildup, charged particles in a conductor. If it happens otherwise, it generates its own electric field, which cancels out the electric field from the outside, ultimately causing the current to step in the wrong direction choice D. We can measure the terminal voltage, or emf, of the battery X in option C using a voltmeter and an ammeter connected in series. R allows us to measure current.

Therefore appropriate choice is option C.

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when we conduct time series forecasting it is safest to utilize regression analysis, because then we will not be extrapolating. true or false

Answers

False.

When conducting time series forecasting, it is not necessarily safest to utilize regression analysis. Regression analysis is a statistical method used to model the relationship between a dependent variable and one or more independent variables. However, it may not be the most appropriate technique for time series forecasting.

Time series forecasting involves analyzing and predicting patterns and trends in sequential data over time. Techniques specifically designed for time series analysis, such as ARIMA (Autoregressive Integrated Moving Average) models, exponential smoothing methods, or state space models, are generally more suitable for time series forecasting.

Regression analysis assumes that there is a linear relationship between variables, which may not hold in time series data where patterns can exhibit trends, seasonality, or other complex dynamics. Extrapolation, which involves extending a trend beyond the observed data range, can still occur in regression analysis if not properly accounted for.

Therefore, it is important to choose appropriate time series forecasting methods rather than relying solely on regression analysis to ensure accurate and reliable predictions.

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Imagine the point (square root 2/2, negative square root 2/2) on
the terminal side of an angle.
Find the value for the sine of this angle.
A positive
B negative

Answers

The sine of the angle formed by the point (square root 2/2, negative square root 2/2) on the terminal side is negative.

To find the sine of the given angle, we need to determine the y-coordinate of the point on the unit circle where the terminal side intersects. Since the given point lies in the third quadrant of the unit circle and has a negative y-coordinate, we know that the sine value will also be negative.

We can use the Pythagorean theorem to find the length of the hypotenuse of the right triangle formed by the given point, the origin, and the point where the terminal side intersects the unit circle. The length of the hypotenuse is 1 since all points on the unit circle have a distance of 1 from the origin. Using the y-coordinate of the given point (-sqrt(2)/2), and the length of the hypotenuse (1), we can calculate the sine value as -sqrt(2)/2, which is negative. Therefore, the final answer is B) negative.

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Please answer in an hour! You will get a thumbs up.
Question 1 (a)

Assume you purchase a new tractor on Jan 1, 2022 for a cost of $200,000. You estimate you will be able to use the tractor for 10 years, and it will have a salvage value of 10% of the original by the end of its useful life. Determine the book value at the end of the first year (December 31, 2022) using straight-line depreciation.

options:

$18,000

$180,000

$185,000

$182,000

Question 1 (b)
A balance sheet (using current and noncurrent assets and liabilities- no intermediate) shows that a farmer has current assets of $80,000 and owner equity of $100,000. Her current ratio is 2 and her debt/equity ratio is 1.0. Determine the farmer's noncurrent liabilities.

Question 1 (b) options:

$40,000

$60,000

$100,000

unable to determine

Answers

Question 1a

To calculate the book value at the end of the first year using straight-line depreciation, we need to determine the annual depreciation expense first. The straight-line method assumes that the asset depreciates by an equal amount each year over its useful life. Therefore, we can use the following formula to calculate the annual depreciation:

Annual Depreciation = (Cost - Salvage Value) / Useful Life

Substituting the given values, we get:

Annual Depreciation = ($200,000 - $20,000) / 10 years = $18,000 per year

This means that the tractor will depreciate by $18,000 each year for the next 10 years.

To determine the book value at the end of the first year, we need to subtract the depreciation expense for the year from the original cost of the tractor. Since one year has passed, the depreciation expense for the first year will be:

Depreciation Expense for Year 1 = $18,000

Therefore, the book value of the tractor at the end of the first year will be:

Book Value = Cost - Depreciation Expense for Year 1

= $200,000 - $18,000

= $182,000

So the book value of the tractor at the end of the first year, December 31, 2022, using straight-line depreciation is $182,000. so the answer is D

Question 1(b)

To determine the farmer's noncurrent liabilities, we need to use the information provided to calculate the total liabilities and then subtract the current liabilities from it. Here's the step-by-step solution:

Calculate the total current liabilities using the current ratio:

Current Ratio = Current Assets / Current Liabilities

2 = $80,000 / Current Liabilities

Current Liabilities = $80,000 / 2

Current Liabilities = $40,000

Calculate the total liabilities using the debt/equity ratio:

Debt/Equity Ratio = Total Liabilities / Owner Equity

1.0 = Total Liabilities / $100,000

Total Liabilities = $100,000 * 1.0

Total Liabilities = $100,000

Subtract the current liabilities from the total liabilities to get the noncurrent liabilities:

Noncurrent Liabilities = Total Liabilities - Current Liabilities

Noncurrent Liabilities = $100,000 - $40,000

Noncurrent Liabilities = $60,000

Therefore, the farmer's noncurrent liabilities are $60,000. so the answer is B.

What is one way to represent this?

What is one way to represent this?

Answers

Answer:

This is beyond me but good luck broskie

Step-by-step explanation:

I just needed points

Find the value of x. (It's an obtuse scalene triangle with two angles of 33° and 29°)

Answers

Answer:

118

Step-by-step explanation:

33+29 = 62

180 - 62 = 118

Please help. Explanation would help :)

Please help. Explanation would help :)

Answers

Answer:

Step-by-step explanation:

    - 50 + (5 / 13)p         this says negative 50 plus 5/13 times p

if p = -26                      what does this epression evaluate to?

- 50 + (5 / 13) × p      p = -26      substitute the value of p into the expression

- 50 + (5 / 13) × (-26)      

- 50 + (5 (-26) / 13)                 I just rewrote the expression to make it clearer

                                               that the -26 in -26/1 and the  5 in 5 / 13    are

                                              both in the numerator over denominator 13

 - 50 + (5 (-26) / 13)              -26 / 13  evaluates to -2

 -50  + (5)(-2)    

 -50  + (-10)

 -50 - 10

 -60                

       

Solve for x.
3x < 12

Answers

Answer:

X can be anything below 4

Answer:

x should be 1,2, or 3

Step-by-step explanation:

because if you take 3x4 it would be 12 (the same) so that's wrong. so it would have to be lower than that

Use double integrals to find the area inside the curveR={(r,θ)|0≤r≤5+sin(θ),0≤θ≤2π}(1

Answers

the area inside the curve R is approximately 42.4115 square units.

To find the area inside the curve R, we can use a double integral. The formula for finding the area of a region using a double integral is:

A = ∬R dA

where A is the area of the region R, and dA is an infinitesimal element of area in the region R.

In polar coordinates, dA can be expressed as:

dA = r dr dθ

where r is the radius and θ is the angle.

Substituting this into the formula for the area, we get:

A = ∫₀^2π ∫₀^(5+sinθ) r dr dθ

We can evaluate this integral by integrating first with respect to r and then with respect to θ:

A = ∫₀^2π [1/2 r²] from 0 to (5+sinθ) dθ

A = ∫₀^2π 1/2 (5+sinθ)² dθ

Expanding the square and simplifying, we get:

A = ∫₀^2π 1/2 (25 + 10sinθ + sin²θ) dθ

A = 1/2 ∫₀^2π (25 + 10sinθ + sin²θ) dθ

Using the trigonometric identity sin²θ = (1-cos2θ)/2, we can simplify this to:

A = 1/2 ∫₀^2π (25 + 10sinθ + 1/2 - 1/2cos2θ) dθ

A = 1/2 ∫₀^2π (27/2 + 5sinθ - 1/2cos2θ) dθ

Integrating each term separately, we get:

A = 1/2 [27/2θ - 5cosθ + 1/4sin2θ] from 0 to 2π

A = 1/2 [(27/2)(2π) - 5cos2π + 1/4sin2(2π) - (27/2)(0) - 5cos0 + 1/4sin0]

A = 1/2 (27π)

A = 13.5π

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Can someone help me with this question please

Can someone help me with this question please

Answers

Answer:

∠A≅∠Y        AB≅YX

∠B≅∠X          AC≅YZ

∠C≅∠Z         BC≅XZ

ΔACB ≅ ΔYZX

Step-by-step explanation:

congruent is identical in form so if the angle has one dash than look for the identical version on the other triangle

Michael loves to run. It takes him 25.3 minutes to complete a 10 mile run. At this rate, how long would it take him to run 16 miles?

Answers

Answer:

0.632

Step-by-step explanation:

divide 16 ÷ 25.3 rurhrhr rhrhrhdh dhejejej ejehejeje behe

give me an answer and work and I would give you 150 points i promise I would try to because If I post 150 points at once my thing is going to be taken down.

give me an answer and work and I would give you 150 points i promise I would try to because If I post

Answers

Answer: answer for what?

Step-by-step explanation: oh I see it appeared iN wrong catogory I’m browsing History sorry

In circle C, QP and QR are tangent segments and m

What is the m

In circle C, QP and QR are tangent segments and mWhat is the m

Answers

The value or measure of ∠PQR in the given circle where PQ & RQ are tangents from same external point Q is  52°, found by applying theorem in circle C and considering quadrilateral CPQR.

What are tangents?

The word "tangent" refers or means "to touch". The Latin word for the same is "tangere". The line that intersects the circle exactly at one point on its circumference or boundary of circle and never enters the circle's interior is a tangent. A circle can have many  or infinite tangents. They are always perpendicular to the radius. A tangent of a circle is straight line that touches or intersects externally the circle at only one point without entering the interior of circle.

Consider the circle C, Given that

∠PCR=128°

QP & RQ are tangents from same point Q, which means

QP= QR {tangents from same external point are equal in length}

CP & CR are radius from the centre C & also perpendicular to the tangents, which means:

CP ⟂ QP

CR ⟂ QR

∠CPQ=90°

∠CRQ=90°

Consider the Quadrilateral CPQR,

∠C + ∠P + ∠Q + ∠R = 360°  {angle sum property of quadrilateral}

128 + 90 + ∠Q + 90 = 360

128 + 180 +∠Q = 360°  

∠Q = 360° - 180 - 128

∠Q = 360° - 308

∠Q = 52°

Therefore the measure of ∠PQR is  52°.

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what is the latitude and longitude of los angeles california

Answers

Answer:

34.0522° N, 118.2437° W

Step-by-step explanation:

sat scores in one state is normally distributed with a mean of 1403 and a standard deviation of 200. Suppose we randomly pick 32 SAT scores from that state. a) Find the probability that one of the scores in the sample is greater than 1484. P(X > 1484) = b) Find the probability that the average of the scores for the sample of 48 scores is greater than 1484 P(X > 1484) = Round each answer to at least 4 decimal places.

Answers

The probability that one of the scores in the sample is less than 1484 is 0.2437 .

a)Given that mean u = 1403

standard deviation σ = 200

sample size n = 32

P(x>1484) = P(X-u/σ > 1484-1403/200)

                = P (z > 0.405)

P(x>1484) = 0.2437 .

hence the probability that one score is greater than 1484 is 0.405 .

b) Now we have to find the average of the scores of 48 samples.

P(x>1484)

= P(x-μ/ σ/√n> 1484-1403 /200/√48)

= P(z>2.805.)

Now we will use the normal distribution table to calculate the p value to be 0.002516.

p-value = 0.0025

Normal distributions are very crucial to statistics because not only they are commonly used in the natural and social sciences but also to describe real-valued random variables with uncertain distributions.

They are important in part because of the central limit theorem. This claim states that, in some cases, the average of many samples (observations) of a random process with infinite mean and variance is itself a random variable, whose distribution tends to become normal as the number of samples increases.

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2(2x2 + 3) =
Example how you got the answer

Answers

Answer:

22

Step-by-step explanation:

4x4+6

16+6

=22

Answer:

14

Step-by-step explanation:

i used pemdas so fist i multiplied 2x2 then added 3 them multiplied 7 with 2 which gets us 14.

A real estate agent claims that the average price of a condominium in Naples, Florida, is at most $50,000. The standard deviation is s = $8,500. A sample of 81 condominiums has an average selling price of $51,500. Use a = 0.10 level of significance to test the claim.

H0:

H1:

Test Statistic:

P-value:

Decision:

Answers

In this hypothesis test, we want to determine whether the average price of a condominium in Naples, Florida is at most $50,000.

H0: The average price of a condominium in Naples, Florida is $50,000 or less.

H1: The average price of a condominium in Naples, Florida is greater than $50,000.

To calculate the test statistic, we can use the formula:

test statistic = (sample mean - hypothesized mean) / (standard deviation / sqrt(sample size))

Given that the sample mean is $51,500, the hypothesized mean is $50,000, the standard deviation is $8,500, and the sample size is 81, we can substitute these values into the formula to calculate the test statistic.

The p-value represents the probability of obtaining a sample mean as extreme as the observed one, assuming the null hypothesis is true. To determine the p-value, we will use the test statistic and the appropriate distribution (in this case, the t-distribution).

Based on the p-value and the significance level of 0.10, we will make a decision. If the p-value is less than 0.10, we will reject the null hypothesis in favor of the alternative hypothesis. If the p-value is greater than or equal to 0.10, we will fail to reject the null hypothesis.

In the decision, we will conclude whether there is enough evidence to support the claim that the average price of a condominium in Naples, Florida is at most $50,000, based on the calculated p-value and the chosen significance level.

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