Brand managers become concerned if they discover that customers are aging and gradually moving out of the high-spending age groups. For example, the average Cadillac buyer is older than 60, past the prime middle years that typically are associated with more spending. Part of the importance to Cadillac of the success of the Escalade model has been its ability to draw in younger customers. A sample of 50 Escalade purchasers has average age 45 (with standard deviation 25). The manager wants to know whether this is a compelling evidence that Escalade buyers are younger on average than the typical Cadillac buyer? Use the significance level alpha = 0.05.

Answers

Answer 1

Answer:

We conclude that the Escalade buyers are younger on average than the typical Cadillac buyer.

Step-by-step explanation:

We are given that the average Cadillac buyer is older than 60, past the prime middle years that typically are associated with more spending.

A sample of 50 Escalade purchasers has average age 45 (with standard deviation 25).

Let [tex]\mu[/tex] = average age of an Escalade buyers.

So, Null Hypothesis, [tex]H_0[/tex] : [tex]\mu[/tex] [tex]\geq[/tex] 60     {means that the Escalade buyers are are of equal age or older on average than the typical Cadillac buyer}

Alternate Hypothesis, [tex]H_A[/tex] : [tex]\mu[/tex] < 60     {means that the Escalade buyers are younger on average than the typical Cadillac buyer}

The test statistics that would be used here One-sample t test statistics as we don't know about the population standard deviation;

                             T.S. =  [tex]\frac{\bar X-\mu}{\frac{s}{\sqrt{n} } }[/tex]  ~ [tex]t_n_-_1[/tex]

where, [tex]\bar X[/tex] = sample mean age of Escalade purchasers = 45

            s = sample standard deviation = 25

            n = sample of Escalade purchasers = 50

So, the test statistics  =  [tex]\frac{45-60}{\frac{25}{\sqrt{50} } }[/tex]  ~ [tex]t_4_9[/tex]

                                       =  -4.243

The value of t test statistics is -4.243.

Now, at 0.05 significance level the t table gives critical value of -1.677 at 49 degree of freedom for left-tailed test.

Since our test statistic is less than the critical value of t as -4.243 < -1.677, so we have sufficient evidence to reject our null hypothesis as it will fall in the rejection region due to which we reject our null hypothesis.

Therefore, we conclude that the Escalade buyers are younger on average than the typical Cadillac buyer.


Related Questions

subtract 6066 from 294

Answers

Answer:

-5772

Step-by-step explanation:

294-6066=-5772

Answer:

The answer would be 2,772

Step-by-step explanation:

6,066 - 294 = 2,272

I hope that helps!!:)

A shoe manufacturer was investigating the weights of men's soccer cleats. He felt that the weight of these cleats was less than the average weight of 10 ounces. After a random sample of 13 pairs of cleats, he found that sample mean was 9.63 and the standard deviation was .585. At a significance level of .05, can it be concluded that the researcher was correct?
Show work

Answers

Answer:

 The conclusion is that the researcher was correct

Step-by-step explanation:

From the question we are told that

     The sample size is  [tex]n = 13[/tex]

    The sample mean is  [tex]\= x = 9.63[/tex]

     The standard deviation is  [tex]s = 0.585[/tex]

      The significance level is  [tex]\alpha = 0.05[/tex]

The Null Hypothesis is  [tex]H_o : \mu = 0[/tex]

The Alternative  Hypothesis  is  [tex]H_a = \mu < 10[/tex]

The test statistic is  mathematically represented as

          [tex]t = \frac{\= x - \mu }{\frac{s}{\sqrt{n} } }[/tex]

Substituting values

          [tex]t = \frac{9.63 - 10 }{\frac{0.585}{\sqrt{13} } }[/tex]

         [tex]t = - 2.280[/tex]

Now the critical value for [tex]\alpha[/tex] is  

     [tex]t_{\alpha } = 1.645[/tex]

This obtained from the critical value table

  So comparing the critical value of alpha and the test value we see that the test value is less than the critical value so the Null Hypothesis is rejected

 The conclusion is that the researcher was correct

 

 

(-3x + 15) + (-3x + 2)

Answers

Answer:

If you are looking for a simplified equation, then the answer is -6x + 17  

Step-by-step explanation:

(-3x + 15) + (-3x + 2)

Because you are only adding and subtracting here, you can take out the parentheses.

-3x + 15 -3x + 2

= -6x + 17  

£48 is divided between Alf and Ted in the ratio of 7:9. How much does Alf receive?

Answers

So basically you add up the ratio and get 16 because 7+9.
Now you do 48 divided by 16 which is 3 to get one price. Since Alf is divided by 7 you multiply 3 with 7. So the answer would be £21

7:9=7+9=16

Alf is 7 which means 7/16*£48=6.125

A store display shows two red shirts, one blue shirt, and three shirts with red and white stripes. The display also shows two pairs of blue jeans, one pair of white pants, and one pair of white shorts. What is the probability of randomly selecting an item with white or red on it?
A) 1/4 B) 3/10 C)1/2 D) 7/10

Answers

Answer:

its 7/10

Step-by-step explanation:

The probability of randomly selecting an item with white or red on it is 3/10.

What is the probability?

Probability is a measure of the likelihood of an event to occur. Many events cannot be predicted with total certainty.

A store display shows two red shirts, one blue shirt, and three shirts with red and white stripes.

The display also shows two pairs of blue jeans, one pair of white pants, and one pair of white shorts.

The probability of randomly selecting an item with white or red on it is given by;

[tex]\rm Probability=\dfrac{Total \ number \ of \ items}{Total \ red \ or \ white \ items}\\[/tex]

Total items =  2 + 1 + 3 + 2 + 1 + 1 = 10 itens.

Substitute all the values in the formula

[tex]\rm Probability=\dfrac{Total \ number \ of \ items}{Total \ red \ or \ white \ items}\\\\\rm Probability=\dfrac{3}{10}\\\\[/tex]

Hence, the probability of randomly selecting an item with white or red on it is 3/10.

Learn more about probability here;

https://brainly.com/question/20849420

#SPJ2

After flooding damaged much of the crop, the cost of a head of lettuce jumped from $0.92 to $2.26. What percent of increase is this? Round to the nearest one percent.

Answers

Answer:

146%

Step-by-step explanation:

[tex] percent~change = \dfrac{new~price - old~price}{old~price} \times 100% [/tex]

If the percent change is positive, it is a percent increase.

If the percent change is negative, it is a percent decrease.

Your numbers are

old price = $0.92

new price = $2.26

Plug in the numbers in the formula above and evaluate the expression.

percent change = ($2.26 - $0.92)/($0.92) * 100%

percent change = ($1.34)/($0.92) * 100%

percent change = 1.4565 * 100%

percent change = 146%

Since the percent change is a positive number, it is a percent increase.

Answer: The percent increase is 146%.

Peter rolls a fair dice 114 times. How many times would Peter expect to roll a number greater than 1?

Answers

Answer:

A dice of six faces has 5 numbers bigger than 1 (from 2 to 6).

Then, the number Peter is expecting is : 114 x (5/6) = 95 (times)

Hope this helps!

:)

Today a shoe store it’s at 20% of the price of a pair shoes and for the next three days it will take 20% of the previous days price if the price of a pair of shoes yesterday was $200 what will be the price of the pair of shoes three days from now
A.160.00
B.128.00
C.102.40
D.81.92

Answers

If the price of the shoe yesterday was $200 and on this day 20 percent has been taken thus it will have $160. In the next 3 days if another 20 percent will be taken out from the previous $160 then the final answer is $128.

ps.. can u give brainly pls :3

Alice and Bob share some money in the
ratio 7:5. Alice got £4 more than Bob. How
much did Alice get?

Answers

Answer:

14

Step-by-step explanation:

7-5 = 2

4/2 = 2

2 x 7 = 14

The electric cooperative needs to know the mean household usage of electricity by its non-commercial customers in kWh per day. They would like the estimate to have a maximum error of 0.12 kWh. A previous study found that for an average family the standard deviation is 1.2 kWh and the mean is 17.9 kWh per day. If they are using a 90% level of confidence, how large of a sample is required to estimate the mean usage of electricity? Round your answer up to the next integer.

Answers

Answer:

A sample size of at least 271 is required.

Step-by-step explanation:

We have that to find our [tex]\alpha[/tex] level, that is the subtraction of 1 by the confidence interval divided by 2. So:

[tex]\alpha = \frac{1-0.9}{2} = 0.05[/tex]

Now, we have to find z in the Ztable as such z has a pvalue of [tex]1-\alpha[/tex].

So it is z with a pvalue of [tex]1-0.05 = 0.95[/tex], so [tex]z = 1.645[/tex]

Now, find the margin of error M as such

[tex]M = z*\frac{\sigma}{\sqrt{n}}[/tex]

In which [tex]\sigma[/tex] is the standard deviation of the population and n is the size of the sample.

Maxium error of 0.12.

How large of a sample is required to estimate the mean usage of electricity?

We need a sample size of at least n.

n is found when [tex]M = 0.12, \sigma = 1.2[/tex]

So

[tex]M = z*\frac{\sigma}{\sqrt{n}}[/tex]

[tex]0.12 = 1.645*\frac{1.2}{\sqrt{n}}[/tex]

[tex]0.12\sqrt{n} = 1.645*1.2[/tex]

[tex]\sqrt{n} = \frac{1.645*1.2}{0.12}[/tex]

[tex](\sqrt{n})^{2} = (\frac{1.645*1.2}{0.12})^{2}[/tex]

[tex]n = 270.6[/tex]

Rounding up

A sample size of at least 271 is required.

Consider purchasing a system of audio components consisting of a receiver, a pair of speakers, and a CD player. Let A1 be the event that the receiver functions properly throughout the warranty period, A2 be the event that the speakers function properly throughout the warranty period, and A3 be the event that the CD player functions properly throughout the warranty period. Suppose that these events are (mutually) independent with P(A1)= .95, P(A2) = .98, and P(A3) = .80.a. What is the probability that all three components function properly throughout the warranty period?b. What is the probability that at least one component needs service during the warranty period?c. What is the probability that all three components need service during the warranty period?

Answers

Answer:

that is alot the prob. is 20

Step-by-step explanation:

A tuxedo rental service charges 150$ flat fee for a suit plus 50$ Per additional day. Which equation correctly models the total cost of renting a tuxedo for x number of days

1-y=50x+150
2-y=50x-150
3-y=150x+50
4-y=50x

Answers

The answer would be “1”. Because, since “per” is next to 50 it means that it’s multiplied so that would start of with 50x then it says it already charges a flat fee of 150 so you add it to the 50x and get y=50x+150

The required equation that represents the total cost of renting a tuxedo for x number of days is y=50x+150. Option 1 is correct.

Given that,
A tuxedo rental service charges 150$ flat fee for a suit plus 50$ Per additional day. Which equation correctly models the total cost of renting a tuxedo for x number of days is to be determined.

What is arithmetic?

In mathematics, it deals with numbers of operations according to the statements. There are four major arithmetic operators, addition, subtraction, multiplication, and division,

Here,
Let the number of days be x, and the total cost be y,
charges for additional day = 50x
Total charges (y) = 150 + 50x
y = 150 + 50x

Thus, the required equation that represents the total cost of renting a tuxedo for x number of days is y=50x+150. Option 1 is correct.

Learn more about arithmetic here:

brainly.com/question/14753192

#SPJ2

Using tan(A+B), find the exact value of tan(105).

Answers

Answer:

  -2-√3

Step-by-step explanation:

The sum of angles formula for tangent is ...

  tan(A+B) = (tan(A) +tan(B))/(1 -tan(A)tan(B))

For the desired angle, we can use A=45°, B=60°. Then we have ...

  tan(105°) = (tan(45°) +tan(60°))/(1 -tan(45°)tan(60°))

The tangent values we need are ...

  tan(45°) = 1

  tan(60°) = √3

Then our tangent is ...

  tan(105°) = (1 +√3)/(1 -1·√3) = (1 +√3)²/((1 -√3)(1 +√3)) = (4+2√3)/(-2)

  tan(105°) = -(2+√3)

HELP ME ASAP! Will give BRAINLIEST! Please read the question THEN answer correctly! No guessing. Check ALL that apply

Answers

The possible x-values of the equation are options C and F. These are the + and - values that make the equation true.

Giving brainliest for CORRECT awnser.

Answers

Answer:

B.

Step-by-step explanation:

So, first off, the quadratic formula is -b plus or minus sqrt(b^2-4ac)/2a. Plug the equation given, and you get B.

what is the area of a circle with the equation (x − 6)² + (y + 2)² = 17 ?

Answers

Answer:

17π

Step-by-step explanation:

Equation of a circle is:

(x − h)² + (y − k)² = r²

Area of a circle is:

A = πr²

r² = 17, so A = 17π.

Please help ASAP! I will mark Brainliest! Please READ the question THEN answer CORRECTLY! No guessing!

Answers

Answer:

its C

Step-by-step explanation:

Hope this helps!!

Answer:

B. Week 6

Step-by-step explanation:

[tex]f(x) = 2^{x}[/tex]

We know that f(x) represents number of subscribers, x represents week number. So plug in 64 for f(x).

[tex]64 = 2^{x}[/tex]

Uh-oh, how do we solve this? We need to go from exponential form to logarithmic form.

[tex]64 = 2^{x}[/tex]

log₂(64) = x

We're basically asking the question: 2 to the what equals 64? And we can plug this into the calculator as log₂(64) (on TI-84, it's MATH->logBASE(). Or you can just think about it:

2 x 2 x 2 x 2 x 2 x 2 = 64.

There are 6 2s, so 6 is the answer.

y varies directly as x.y = 52 when x=4. Find y when x= 10.
y=
(Simplify your answer.)

Answers

Answer:

9ha

shhsi a sa.anjwkw a zkaq

A sculpture sits on a pedestal in the shape of a square prism. The side lengths of a base of the prism are 3 feet. The height of the prism is 4 feet. The museum director wants to cover all but the underside of the pedestal with foil that costs $0.22 per square foot. How much will the foil cost?

Answers

Answer:

Total cost of covering the pedestal is $12.54.

Step-by-step explanation:

The pedestal is a square prism so top and bottom are of square shape.

Hence, we have here length = width

We know that the Total Surface Area of a Prism is:

[tex]\text{Total Surface Area = } 2 (l\times w+ w \times h+ h \times l)[/tex]

Where l is length,

w is width and

h is height of prism

We know that here w = l = 3 feet

and h = 4 feet

Also, underside of pedestal is not to be covered.

The underside of pedestal is square type.

So,

[tex]\text{Required Total Surface Area = } l\times w+ 2\times w \times h+2\times h \times l[/tex]

[tex]\Rightarrow 3 \times 3 + 2 \times 3 \times 4 + 2 \times 3 \times 4\\\Rightarrow 9 + 24 + 24\\\Rightarrow 57\ ft^{2}[/tex]

Cost of cover per square foot = $ 0.22

Total cost of [tex]57\ ft^{2}[/tex]  [tex]\Rightarrow 0.22 \times 0.57 = \$12.54[/tex]

what are three segments from this figure?

Answers

Answer:

AD, DA, ED, DE

Step-by-step explanation:

Josh is a product designer for electrical company he designed a new table lamp Josh will use plastic to make the lamp he uses this formula to work out the amount of plastic needed P= b2 +2bh.the lenght of the base of the lamo will be 13cm the slope of the lamp will be 34cm.josh thinks the amount of plastic needed will be less than 1000cm2​

Answers

Answer:

Josh is right, he needs less than 1000 square centimeters.

Step-by-step explanation:

We can find the height using Pythagorean's Theorem.

[tex]34^{2} =13^{2} +h^{2} \\h=\sqrt{1,156-169}=\sqrt{987} \approx 31[/tex]

So, the height is 31 centimeters, approximately.

Now, we use the given expression and the base and height

[tex]P=b^{2} +2bh=13^{2}+2(13)(31)=169+806=975 \ cm^{2}[/tex]

Therefore, Josh is right, he needs less than 1000 square centimeters. Specifically, he needs 975 square centimeters.

Every year, census researchers collect data from 850 public and private hospitals across the United States. Which issue will invalidate the conclusion of the hypothesis test? Group of answer choices The data comes from only 850 hospitals in the U.S. when there are 5,700 hospitals in the U.S. Researchers received more data from public hospitals than from private hospitals. The data is selected by choosing the first 850 hospitals from an alphabetized list.

Answers

Answer:

Option C

Step-by-step explanation:

For a better, clear and unbiased sampling, choosing randomly might not allow for a biased sampling. Choosing in an alphabetical order might not give a representative of the whole hospitals both private and public, thus invigilator the conclusion of our hypothesis test.

Jonas is buying a three-day supply of camping snacks. An energy bar costs $1.50, and a bag of dried
mangoes costs $3.00. Jonas plans to have 7 snacks per day and can spend up to $45.00.
If p is the number of energy bars he can buy, and m is the number of bags of mangoes he can buy,
which system of equations and inequalities can be used to represent the possible number of each
snack he can buy?
p+m
21
=
21
p+m = 45
1.5p + 3m
p> 0
m >0
1.5p + 3m < 45
p> 0
m 2 0
1.5p + 3m
3p + 1.5m
p20
m 20
p+m = 21
8p + 1.5m
p> 0
m >0

Answers

Answer:

P+m=21

1.5p + 3m < 45

p > 0

m > 0

Step-by-step explanation:

Describe how to graph point K at (5, 4) the steps

Answers

Answer:

here is ur answer

the price increase of a set of golf clubs is from $250 to $750. What is the percent increase?

Answers

Answer:

300%

Step-by-step explanation:

3 times 250 is 750

What is 4/12 x 70.please help me

Answers

Answer:

70/3

Step-by-step explanation:

Your welcome :)

Step-by-step explanation:

4 / 12 = 1/3 = 0.33

0.33 x 70 = 23. 33

Please help ASAP! I will mark Brainliest! Please answer CORRECTLY! No guessing!

Answers

Answer:

Step-by-step explanation:

B or c


A = {1, 2, 5, 7}
B = {3, 4, 6, 7}
C = {0, 5, 8, 9}
Find A U B U C.

Answers

Answer:  In set theory, the union (denoted by ∪) of a collection of sets is the set of all elements in the collection. It is one of the fundamental operations through which sets can be combined and related to each other.

A U B U C = {0, 1, 2, 3, 4, 5, 6, 7, 8, 9 }

Step-by-step explanation:

A = {1, 2, 5, 7}

B = {3, 4, 6, 7}

C = {0, 5, 8, 9}

A U B U C = {0, 1, 2, 3, 4, 5, 6, 7, 8, 9 }

A tennis ball machine shoots 21 forehands 25 backhands and 9 lobs if a player missed 6 forehands 17 backhands and 2 lobs how many balls were hit

Answers

Answer:

30

Step-by-step explanation:

55 - 25 = 30

In a class of 35 students, 15 are seniors, 20 are females, and 7 are both a senior and a female. If I choose a student at random, what is the probability I choose a female or a senior?

Answers

Answer:

1

Step-by-step explanation:

15 + 20 / 35

35/35 = 1 (certain)

The probability of choosing a female or senior is 1, because these are the only two groups represented in the class.

I'm always happy to help :)

Answer:

1.

Step-by-step explanation:

Prob ( Choosing a female) =  20/35

Prob ( Choosing a senior)  = (15)/ 35 =  15/35

Requires probability = 20/35 + 15/35

= 35/35

= 1.

Other Questions
QUICK PLZ will give brainliest In the 1800s, the introduction of mass production led toa) conflict among workers in labor unions.b) equality between workers and the wealthy.c) a decrease in the need for skilled workers.d) a decrease in the use of child labor. On September 1, Year 1, Gomez Company collected $9,000 in advance from a customer for services to be provided over a one-year period beginning on that date. How much revenue would Gomez Company report related to this contract on its income statement for the year ended December 31, Year 1? How much would the company report as net cash flows from operating activities for Year 1? You put $550 in an account thatearns 2.5% annual interestcompounded quarterly. In how manyyears will you have $1200? How can you determine if a point is a solution to a system of linear equations?Please Help! A car travels at a constant speed for 45 minutes. During this time the car goes48 miles. If the car continues at this same constant speed, write an equation thatmodels the number of miles, m, it will travel in t hours?How far will the car travel in 7 hours ? why should a person create a budget Which equation represents a nonproptional relationship What policy did Britain pursue during the reign of William and Mary? What does the Berlin and Germany look like during the cold war? 1)Split in half 2)Taken over by the UUSR 3)Taken over by the US Please give your reasoning Any help plzzzz i would appreciate it How do memory and storage interact the sum of three consecutive numbers is 114 . what is the smallest of these numbers A prediction for the volume at 105 seconds is 497 cm3.Is this a reasonable prediction?No, there is no recognizable pattern in the datafrom which to make a prediction.Yes, the first differences are all around -70, so alinear function is a good model. Subtracting 70 from567 results in 497 cm3.No, the first differences are 15, so a linear functionis a good model. Subtracting 15 from 567 results in552 cm3Yes, the average rate of change is about 8. Brain Teaser #19First, I threw away the outside and cooked the inside. Then, I atethe outside and threw away the inside. What did I eat? What is the mean of the following numbers?15, 10, 7, 12A15B1110D 12 Grape Inc. uses the percentage of credit sales method of estimating doubtful accounts. The Allowance for Doubtful Accounts has an unadjusted credit balance of $3,500 and the company had $180,000 of net credit sales during the period. Grape has experienced bad debt losses of 4% of credit sales in prior periods. After making the adjusting entry for estimated bad debts, what is the ending balance in the Allowance for Doubtful Accounts accou A bike tire has a diameter of 16 inches. What is the radius of the bike? What is the circumference of the bike? Many nations entered World War I simply because they had signed a treaty to form an alliance with another nation. Should nations go to war simply because of an alliance? Why or why not? Two squares are similar. The first square has sides that measure 4 inches, and the second squares has sides that measure 12 inches. The scar factor used to get from the first square to the second one is At which location does heat transfer begin as dense material heats up?