What is the proper decision

Assignment Help Business Economics
Reference no: EM131963874

In a sample of 320 adults, 186 had children. Construct a 90% confidence interval for the true population proportion of adults with children.

_________________ < p < ________________________

You measure 40 backpacks' weights, and find they have a mean weight of 76 ounces. Assume the population standard deviation is 11.1 ounces. Based on this, construct a 99% confidence interval for the true population mean backpack weight.

Decimals to two places

______________________ +- ____________________ ounces

The p-value for a hypothesis test turns out to be 0.09802. At a 10% level of significance, what is the proper decision.

  • Reject Ho
  • Fail to reject Ho

Reference no: EM131963874

Questions Cloud

Identify and describe one concept-technique : Please specifically identify and describe one concept or technique and explain how you think it will be helpful to you.
Evaluate the effectiveness of your campaign : Explain the methods you plan to use to evaluate the effectiveness of your campaign. Explain two ways your public health campaign can promote social change.
How has globalization effected the poverty rate : How has globalization effected the poverty rate in the United States and what policy can put in place to reverse this effect?
How corporate culture impact organizational effectiveness : What is corporate culture? How does it impact organizational effectiveness? This discussion will give you an opportunity to look.
What is the proper decision : The p-value for a hypothesis test turns out to be 0.09802. At a 10% level of significance, what is the proper decision.
How you felt during and after the experience : In 500-550 hundred words journal about how the listener listened to you. Journal about how you felt during and after the experience, the physical surroundings.
Thousand kilometres and a standard deviation : A trucking company has determined that, on an annual basis, the distance travelled per truck is normally distributed with a mean of 55 thousand kilometres
What is the history of this christian denomination : What is the history of this Christian denomination (e.g., when was this denomination founded, by whom, where, why)?
Healthcare capstone - research studies : HE490 Healthcare Capstone: Research Studies - Create a Word document for your responses and save - Be sure to include a title page that includes your name

Reviews

Write a Review

Business Economics Questions & Answers

  Algebraic representation of consumers budget constraint

Many elderly people have Social Security payments as their sole source of income. Because of this, there have been attempts to adjust these payments so as to keep up with changing prices. Write down the algebraic representation of this consumer's bud..

  What are the nash-cournot equilibrium price-quantities

An incumbent firm, Firm 1, faces a potential entrant, Firm 2 that has a lower marginal cost. The market demand curve is P = 120 – Q. First 1 has a marginal cost of $20, while Firm 2’s is $10. What are the Nash-Cournot equilibrium price, quantities, a..

  The opportunity cost of a choice

The opportunity cost of a choice is: A. the net value of the opportunities gained. B. the value of the opportunities lost. C. the difference between the benefits and costs of the choice. D. sometimes positive or negative.

  Determine the present worth of this series of cash flows

A person you trust asks you to loan them $2,000 at the end of year 1, $1,000 at the end of year 2, nothing in year 3, and then they will pay you $1,000 in year 4, $2,000 in year 5, and $3,000 in year 6. They note that you will pay out a total of $3,0..

  Calculate the initial equilibrium price and quantity

Last year, Berkeley, CA passed a tax on yoga classes of $4 per yoga class. Suppose that the pre-taxdemand for yoga classes is QD = 2000 – 100P, and that the pre-tax supply of yoga classes is QS = 300P –200. Calculate the initial equilibrium price and..

  Individual destinations are easily deduced

In small networks, the web of router links is not complex, and paths to individual destinations are easily deduced.

  Determine the firm supply curve

Suppose that the manager of a firm operating in a perfectly competitive firm has estimated the firm’s AVC function to be: Determine the firm’s supply curve. What should be the industry price for the firm to produce 400 units of output in each period?

  Inflammation of the gums

Bad gums may mean a bad heart. Researchers discovered that 85% of people who have suffered a heart attack had periodontal disease, an inflammation of the gums.

  Voluntarily accept risk

Expected-utility theory tells us that a risk-averse individual would want to be paid a risk premium to induce her to voluntarily accept risk. Or, alternatively

  Income will survive leakages of tax-import spending

Assume that Jamaicans' taxes, imports, and saving behavior means that two-thirds of any change in income will survive leakages of tax, import spending, and saving. With this information you can calculate the multiplier at work in the Jamaican economy..

  Neoclassical models of labor supply and labor demand

What are the strength of the neoclassical models of labor supply and labor demand. What are the weakness of the neoclassical models of labor supply and labor demand.

  What happens in the market for cotton shirts

The price of cotton rises. What happens in the market for cotton shirts?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd