An advertising executive claims that there is a difference in the mean household income for credit cardholders of Visa Gold and of MasterCard Gold. A random survey of 1010 Visa Gold cardholders resulted in a mean household income of $50,930$ 50,930 with a standard deviation of $9500$ 9500. A random survey of 66 MasterCard Gold cardholders resulted in a mean household income of $45,720$ 45,720 with a standard deviation of $9800$ 9800. Is there enough evidence to support the executive's claim? Let μ1μ1 be the true mean household income for Visa Gold cardholders and μ2μ2 be the true mean household income for MasterCard Gold cardholders. Use a significance level of α=0.01α=0.01 for the test. Assume that the population variances are not equal and that the two populations are normally distributed.

Answers

Answer 1

Answer:

We conclude that there is no difference in the mean household income for credit cardholders of Visa Gold and of MasterCard Gold.

Step-by-step explanation:

We are given that a random survey of 10 Visa Gold cardholders resulted in a mean household income of $50,930 with a standard deviation of $9500.

A random survey of 66 MasterCard Gold cardholders resulted in a mean household income of $45,720 with a standard deviation of $9800.

Let [tex]\mu_1[/tex] = true mean household income for Visa Gold cardholders.

[tex]\mu_2[/tex] = true mean household income for MasterCard Gold cardholders.

So, Null Hypothesis, [tex]H_0[/tex] : [tex]\mu_1=\mu_2[/tex]     {means that there is no difference in the mean household income for credit cardholders of Visa Gold and of MasterCard Gold}

Alternate Hypothesis, [tex]H_A[/tex] : [tex]\mu_1\neq \mu_2[/tex]     {means that there is a difference in the mean household income for credit cardholders of Visa Gold and of MasterCard Gold}

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

                         T.S. =  [tex]\frac{(\bar X_1-\bar X_2)-(\mu_1-\mu_2)}{s_p\sqrt{\frac{1}{n_1} +\frac{1}{n_2} } }[/tex]  ~ [tex]t__n__1-_n__2-2[/tex]

where, [tex]\bar X_1[/tex] = sample mean household income for Visa Gold cardholders = $50,930

[tex]\bar X_2[/tex] = sample mean household income for MasterCard Gold cardholders = $45,720

[tex]s_1[/tex] = sample standard deviation for Visa Gold cardholders = $9,500

[tex]s_2[/tex] = sample standard deviation for MasterCard Gold cardholders = $9,800

[tex]n_1[/tex] = sample of Visa Gold cardholders = 10

[tex]n_2[/tex] = sample of MasterCard Gold cardholders = 6

Also, [tex]s_p=\sqrt{\frac{(n_1-1)s_1^{2} +(n_2-1)s_2^{2} }{n_1+n_2-2} }[/tex]  = [tex]\sqrt{\frac{(10-1)\times 9,500^{2} +(6-1)\times 9.800^{2} }{10+6-2} }[/tex] = 9,608.22

So, the test statistics  =  [tex]\frac{(50,930-45,720)-(0)}{9,608.22 \times \sqrt{\frac{1}{10} +\frac{1}{6} } }[/tex]  ~ [tex]t_1_4[/tex]

                                    =  1.05

The value of t test statistics is 1.05.

Now, at 0.01 significance level the t table gives critical values of -2.977 and 2.977 at 14 degree of freedom for two-tailed test.

Since our test statistic lies within the range of critical values of t, so we have insufficient evidence to reject our null hypothesis as it will not fall in the rejection region due to which we fail to reject our null hypothesis.

Therefore, we conclude that there is no difference in the mean household income for credit cardholders of Visa Gold and of MasterCard Gold.


Related Questions

In Hocking County, the population is 28,547 people of which 11,504 are obese. What percentage of Hocking County residents are obese? Round percentage to one decimal place.

Answers

Answer:

hi there

40.3

Step-by-step explanation:

28547=100%

11504=R

11504 x 100=1150400/28504

1150400/28504=40.29 = 40.3

11504/28547 = 0.40x 100 = 40 %

A bag contains 6 green chips, 8 red chips, and 3 blue chips. If you draw two chips without replacement, what is the probability that both chips are the same color?

Answers

I believe it is 2/17 i think :)

Answer:

2/17

Step-by-step explanation:

you add up all the chips and then the two chips =2

6+8+3=17

so 2/17

Seaside Bike Shop rents bikes for $10 plus $4 per hour. Jack paid $30 to rent a bike. Which equation, when solved for x, gives the number of hours he rented the bike?

Answers

You don’t list the options but you need to multiply the hourly rate by the number of hours (x) and add that to the few to find the total so the equation would be:

Total = 4x +10

You are told the total was $30 so you can solve for x:

30 =3x + 10

Subtract 10 from both sides:

20 = 4x

Divide both sides by 4:

X = 5 hours

Mr. Toshiro manages a company that supplies a variety of domestic and imported nuts to supermarkets. He received an order for 120 bags of cashews, 310 bags of walnuts, and 60 bags of Brazil nuts. The prices per bag for each type are $29, $18, and $21, respectively. Represent the number of bags ordered and the cost as vectors.

Answers

Answer:

n = 120i + 310j + 60k

p = 29i + 18j + 21 k

Total cost = $10,320

Step-by-step explanation:

Let n and p represent the vectors for number of products and prices respectively.

Also, the coordinates i,j and k represent cashews, walnut and Brazil nut respectively.

The vector form of the total number of bags ordered and the cost are;

n = 120i + 310j + 60k

p = 29i + 18j + 21 k

We can obtain the total cost by obtaining the dot product of the two vectors.

Total cost = n.p = (120i + 310j + 60k).(29i + 18j + 21 k)

C = 120×29 + 310×18 + 60×21

C = $10,320






Find m∠TUL.


m∠TUV = 167°

m∠TUL = (x + 11)°

m∠LUV = (11x)°

A) 18°

B) 20°

C) 22°

D) 24°

Answers

 

Step-by-step explanation:

Actual graph for this problem is attached below

m∠TUV = 167°

m∠TUL = (x + 11)°

m∠LUV = (11x)°

m∠TUV= m∠TUL+ m∠LUV

now plug in the angles for each

m∠TUV= m∠TUL+ m∠LUV

[tex]167= x+11 +11x[/tex]

solve the equation for x

[tex]167= x+11 +11x\\167=11 +12x[/tex]

Subtract 11 from both sides

[tex]156=12x[/tex]

divide both sides by 12

x=13

m∠TUL = (x + 11)°

m∠TUL = (13+ 11)° = (24)°

answer:

24°

Sean practices soccer for 1/2 hour every morning before school and 1 1/4 hours after school.How long does he practice in 5 days?

Answers

AnswEr:

Practice done Before school = for 1/2 hour

Practice done after school = for 1¼ hour = 5/4 hour

Total Practice done = for 1/2 hour + 5/4 hour = 2+5/4 hours = 7/4 hours .

Practice done in 5 days = for 7×5/4 hours = 35/4 hours = 8¾ hours

Answer:

Sean practices 8 hours and 45 minutes.

Step-by-step explanation:

1/2 x 5=2.5= 2 hours and 30 minutes

1 1/4=5/4 x 5= 6.25= 6 hours and 15 minutes

2 hours and 30 minutes + 6 hours and 15 minutes= 8 hours and 45 minutes.

Sean practices 8 hours and 45 minutes.

What is the value of 7 in number 3,407,215

Answers

Answer:

7=7000

Step-by-step explanation:

To determine what the digit 7 means in 3,407,215, if we put 3,407,215 into the place value chart, we can see that the 7 appears in the units column of the thousands period.

So the digit 7 in this number means 7 thousands.

Image below.

What is the average?

3 4 5 8

Answers

Answer: 5

Step-by-step explanation:

3+4+5+8 = 20/4 = 5

Express sin A, cos A, and tan A as ratios.

Answers

Answer: B.

Step-by-step explanation: SIN = Opposite/Hypotenuse   COS = Adjacent/Hypotenuse, and TAN = Opposite/Adjacent  or SIN/COS.

What is the range of possible sizes for side x?


8.8

Answers

Answer:

The size of side x can range from 0.5 < x < 16.5.

The size of side x cannot take on values 0 and 16.5, but it ranges between those two values for side x to complete a triangle with those two other sides.

Step-by-step explanation:

Complete Question

What is the range of possible sizes for side x? One Side is 8.5 the other is 8.0.

Solution

With the logical assumption that the three sides are to form a triangle

Let the two sides given be y and z

And the angle between y and z be θ

The angle θ can take on values from 0° to 180° without reaching either values.

As θ approaches 0°, (x+z) becomes close to equaling y. (x + z) < y

It can never equal y, because θ can never be equal to 0°, if a triangle is to exist.

Hence, x > (z−y)

x > 8.5 - 8.0

x > 0.5

As θ approaches 180°, x approaches the sum y+z, θ can never equal 180° if a triangle is to exist, so x never equals (y+z).

Hence x < (y+z)

x < 8 + 8.5

x < 16.5

Hope this Helps!!!

4x-k=17 solve for x

Answers

Answer:

k = -17 + 4x

Step-by-step explanation:

Simplifying

4x + -1k = 17

Reorder the terms:

-1k + 4x = 17

Solving

-1k + 4x = 17

Solving for variable 'k'.

Move all terms containing k to the left, all other terms to the right.

Add '-4x' to each side of the equation.

-1k + 4x + -4x = 17 + -4x

Combine like terms: 4x + -4x = 0

-1k + 0 = 17 + -4x

-1k = 17 + -4x

Divide each side by '-1'.

k = -17 + 4x

What is the volume of the right triangular prism in cubic meters? Round to the nearest cubic meter
26.9 m
23 m
11 m
14 m

Answers

This question is incomplete because it lacks the diagram of the right triangular prism. Find attached to this answer, the diagram

Answer:

1771m³ or 1771 cubic meters

Step-by-step explanation:

Formula for the volume of Right triangular prism =

1/2 × base × height × Length

From the attached diagram,

We can see that the

Height of the prism = 23m

Base of the prism = 14m

Width or length of the prism = 11m

Volume = 1/2 × 14m × 23m × 11m

Volume of the right triangular prism = 1771m³ or 1771 cubic meters

A greenhouse contained both 6-inch high geraniums and 3 inch high geraniums. The 6-inch high geraniums were taken out of the greenhouse in early spring and grew at a rate of 1 inch per week. The 3 inch high geraniums remained in the greenhouse and grew at a rate of 1 (1/2) inches per week. After the 6-inch high geraniums were taken outside, in how many weeks were both groups of geraniums the same height.

Answers

Answer:

6 weeks

Step-by-step explanation:

Let the number of weeks be x.

Then we have an equation:

6 + 1*x = 3 + 1 1/2 x6 + x = 3 + 1.5x1.5x - x = 6 - 30.5x = 3x = 3/0.5x = 6 weeks

So after 6 weeks both 6-inch and 3-inch geraniums will have same height

Maria, an experienced shipping clerk, can fill a certain order in 9 hours. Jim, a new clerk, needs 11 hours to do the same job. Working together, how long will it take them to fill the order

Answers

Answer:

4 19/20 hours or 4 hours , 57 minutes

Step-by-step explanation:

Given

In 9 hours Maria can fill a certain order let Say X

In 9/9 hours Maria can fill   X/9 of the order

in 1 hour Maria can fill   X/9 of the order

__________________________________

In 11 hours Jim can fill a certain order let Say X

In 11/11 hours Maria can fill   X/11 of the order

in 1 hour Maria can fill   X/11 of the order

_____________________________________________

Therefore total order filled by them in one hour will sum of individual work done by them in one hour.

Mathematically,

total order filled by Jim and maria in one hour = work done by Jim in one + work done by Maria in one hour

total order filled by Jim and maria in one hour = 1/11 + 1/9

=> [tex]1/11 + 1/9 \\=> (9 + 11)/11*9\\=> 20/99[/tex]

=>20/99 of certain order is filled by both of them in one hour.

=>Total order is one. Hence, to get 1 from 20/99 we need to multiply it with its reciprocal (i.e 99/20) as 20/99 *99/20 = 1

now

=>20/99 of certain order is filled by both of them in 1 hour.

=>multiplying both order and hour with 99/20 we have

20/99 *99/20 of certain order is filled by both of them in 1* 99/20 hour

Thus total order is filled by them in 99/20 hours = 4 19/20 hours.

1 hour has 60 minutes

so 19/20 has 60*19/20 minutes = 57 minutes.

Working together, Jim and Maria   will  take 4 hours , 57 minutes  to fill the order.

ASAP! GIVING BRAINLIEST! Please read the question THEN answer correctly! No guessing. Show your work or give an explaination.

Answers

Answer:

Normally, x would be the domain and y would be the range.

According to the table, range of y consists of (4, 2, 5) or ranges of (2, 4, 5)

=> Option D is correct.

Hope this helps!

:)

find the area of this parallelogram​

Answers

Answer:

Area of this parallelogram​ A = base x height = 11 x 6 = 66 (cm2)

Hope this helps!

:)

Enter numbers in the blanks to complete the sentences.

Answers

Answer:

For The First Line the answer is 0

For the second line the answer is  0,0

Step-by-step explanation:

I put the picture :)

Enter numbers in the blanks to complete the sentences.

For equations in the form y=kx, if x=0, then y= 0

So the point, 0 then the other box is 0 must be on the graph of every equation in the form y=kx.

I got this correct if this doesn't help I also put the picture that I got it correct :)

Sporting Equipment, Inc. makes two types of balls: Soccer balls and Cork balls. The making of each soccer ball and cork ball requires 3 hours and 4 hours of production time, respectively. For the next month, the total production hours of 500 are available. Also, the combined production quantity for these two balls must be at least 150 units. The objective for this linear programming model is to fulfil the given production requirements at a minimum cost. The production cost for each Soccer ball is S7 and each Cork ball is $9.
1. Formulate the problem, using the following decision variables:
S = number of Soccer balls manufactured
C = number of Cork balls manufactured
2. The objective function is:
A. Maximize 9S + 7C
B. Minimize 7S + 9C
C. Minimize 9S + 7C
D. Maximize 7S + 9C
3. The constraint equation for the production hours is:
A. 3S + 4C >= 500
B. 4S + 3C <= 500
C. 4S + 3C <= 500
D. 3S + 4C <= 500
4. The constraint equation for the combined production quantity is:
A. S + C <= 150
B. S + C >= 150
C. S + C = 150
D. S + C =/150
5. If the company produces 100 soccer balls and 50 cork balls, the cost of production is:
a. $1250 b. $1350 c. $1150 d. $2000

Answers

Answer:

2) B). Minimize 7S + 9C

3) D) . 3S + 4C ≤ 500

4) B). S + C ≥ 150

5) C) $1150

Step-by-step explanation:

The company makes two types of balls, the balls and their costs are written below:

Soccer ball, S = $7

Cork ball, C = $9

Production time of each ball:

Soccer ball = 3 hours

Cork balls = 4 hours

2) To find the objective function.

Since the cost of each soccer ball is $7 and S balls are produced, the total cost of soccer balls is 7S.

Similarly, the cost of each cork ball is $9 and C balls are produced, total cost is 9C.

The objective function maximize profits and minimizes losses. Here, the objective for this linear programming model is to fulfil the given production requirements at a minimum cost.

Therefore the objective function here is: Minimize 7S+9C

3)The constraint equation for the production hours.

To produce one soccer ball, 3 hours are needed, i.e 3S, to produce one Cork ball 4 hours are needed, i.e 4C.

Since we are given a maximum productin time of 500 hours, the constraint equation for the production hours would be:

3S + 4C ≤ 500

4) Since we are told the combined production quantity for these two balls must be at least 150 units, the constraint equation for the combined production quantity is:

S + C ≥ 150

5)Since each soccer ball costs $7, 100 soccer balls would cost:

7*100 = $700

Similarly, since each Cork ball costs $9, 50 cork balls would cost:

9*50 = $450

Therefore the total cost of production would be:

$700 + $450 = $1,150

Note: Question number 1 isn't a question, it's an expression.

Last week, Maria bought k pounds of cherries at the regular price of $2.75 per pound. This week, cherries were on sale for 20 percent off, and maria bought twice as many pounds as she bought last week, which of the following is the total in dollar, Maria paid for the cherries last week and this week

Answers

Answer:

$7.15k

Step-by-step explanation:

So the first week, she used $2.75k

Then, you can calculate the amount for one pound the next week by doing 0.8 * 2.75 = 2.2

So the second week she used 2 * 2.2 * k = $4.4k

$4.4k + $2.75k = $7.15k

Might be wrong so check it.

Assume y varies directly as x.

If y = 7 when x = 3, find x when y = 21.

Answers

Answer:

X=9

Solution is in the picture above.

What is the circumferance of a sphere

Answers

Answer:

Circumference of a sphere = 6.2857 (R)

Step-by-step explanation:

Circumference of a sphere is approximately 2[tex]\pi[/tex] times of the given radius.

Assume:

Radius of the sphere (r) = R

Find:

Circumference of a sphere = ?

Computation:

⇒ Circumference of a sphere = 2[tex]\pi[/tex]r

⇒ Circumference of a sphere = 2 × [tex]\frac{22}{7}[/tex]  × R

⇒ Circumference of a sphere = 2 × 3.1428 × R

⇒ Circumference of a sphere = 6.2857 (R)

Suppose that the function f(x)=2x + 6 Represents the number of cars to drive by an ex minutes how many cars will drive by in 4 minutes

Answers

Answer:

  14

Step-by-step explanation:

Put 4 where x is in the function and do the arithmetic.

  f(4) = 2(4) +6 = 8+6 = 14

14 cars will drive by in 4 minutes.

r = the number of racks

s = the number of shoes

Which of the variables is independent and which is dependent?

Answers

Answer:

number of shoes is independent, number of racks is dependent

Step-by-step explanation:

the number of racks does not affect the number of shoes but if there are a lot of shoes, the number of racks will increase.

there were 632 animals gathered at the river. a herd of 187 elephants and 266 zebras left the river area. how many animals were still at the river?​

Answers

Answer: There was a total of 173 animals left by the river

Step-by-step explanation:187+266 = 453

You subtract 453 from the total number of animals which is 632

632-453 = 179

Caitlin ran 1,680 feet on monday and 2,340 feet on Tuesday how many yards did she run in those two days

Answers

4,020 yards she ran in those two days

Answer:

4020

Step-by-step explanation:

Given a right triangle with leg a = 6 and hypotenuse c = 10. Find the three heights, the three medians, the three bisectors, and the radii of the inscribed and circumscribed circles.​

Answers

Answer:

The three heights are 4.8, 6, 8The three medians are 5, 2√13, √73The three angle bisectors are (24/7)√2, 3√5, (8/3)√10The radii of the incircle and circumcircle are 2 and 5, respectively

Step-by-step explanation:

a) The other leg of the right triangle is ...

  b = √(10² -6²) = √64 = 8

The area of the triangle is ...

  A = 1/2bh = 1/2(6)(8) = 24

Then the height to the long side is ...

  h = 2A/c = 48/10 = 4.8

The three heights are 4.8, 6, 8.

__

b) The medians to the hypotenuse is half its length, because that is also the radius of the circumcircle: 10/2 = 5.

The medians to the legs are computed from the Pythagorean theorem:

  median to "b" = √(4² +6²) = √52 = 2√13

  median to "a" = √(3² +8²) = √73

The three medians are 5, 2√13, √73.

__

c) The angle bisectors to the legs can be found in a fashion similar to the medians, using the angle bisector theorem to locate the point of intersection on the leg.

The angle bisector to "b" divides it into segments in the ratio 6:10, so the point  of intersection is 6/(6+10)×8 = 3 units from the right angle. Then its length is ...

  bisector to "b" = √(6² +3²) = √45 = 3√5

The angle bisector to "a" divides it into segments in the ratio 8:10, so the point of intersection is 8/(8+10)×6 = 8/3 units from the right angle. Then its length is ...

  bisector to "a" = √(8² +(8/3)²) = (8/3)√10

I find it easier to compute the bisector to the hypotenuse by considering the hypotenuse to be a line with x- and y-intercepts at 8 and 6. Then its equation can be 3x+4y=24, and its intersection with the line y=x will be x = y = 24/7. The  length of the segment to that point is ...

  bisector to "c" = (24/7)√2

The three angle bisectors are (24/7)√2, 3√5, (8/3)√10.

__

d) The radius of the inscribed circle can be found from the formula ...

  r = √((s-a)(s-b)(s-c)/s) . . . .  where s is the semiperimeter = 24/2 = 12

  r = √(2×4×6/12) = 2

The hypotenuse is the diameter of the circumscribed circle, so the radius of that circle is c/2 = 5.

The radii of the incircle and circumcircle are 2 and 5, respectively.

Round 43.597 to nearest hundred

Answers

43.6 because you round

Your round trip drive to school is 3 7/10 miles.how many miles do you drive to and from school in 5 days?

Answers

Answer:

18 1/2 miles

Step-by-step explanation:

3 7/10 * 5

Change to an improper fraction

(10* 3 + 7)/10    * 5

37/10 *5

Rewriting

37 * 5/10

37/2

Changing back to an mixed number

2 goes into 37 18 times with 1 left over

18 1/2

Factor 24 j − 16 24j−1624, j, minus, 16 to identify the equivalent expressions.

Answers

Answer:

8(3j-2)

Step-by-step explanation:

Given the expression: 24j−16

We are required to factor the expression.

The GCD of 24 and 16 is 8. We therefore divide both terms of the expression by 8.

[tex]8(\dfrac{24j}{8}-\dfrac{16}{8})\\\\=8(3j-2)[/tex]

An equivalent expression therefore is: 8(3j-2)

What is the y-coordinate of the point that divides the directed

line segment from J to K into a ratio of 2:3?

K(8,11)

J(-3,1)


*7

*-6

*5

*-5

Answers

Answer:

(D)5

Step-by-step explanation:

Given the point J(-3,1) and K(8,11).

The line segment that divides the segment from J to K in any given ratio can be determined using the formula.

[tex]P(x,y)=\left(\dfrac{mx_2+nx_1}{m+n} ,\dfrac{my_2+ny_1}{m+n}\right)[/tex]

In the given case:

[tex](x_1,y_1)=(-3,1), (x_2,y_2)=(8,11)[/tex], m:n=2:3

Since we are to determine the y-coordinate of the point that divides JK into a ratio of 2:3, we have:

[tex]\dfrac{my_2+ny_1}{m+n}=\dfrac{2*11+3*1}{3+2}\\\\=\dfrac{22+3}{5}\\\\=\dfrac{25}{5}\\\\=5[/tex]

The y-coordinate of the point that divides the directed  line segment from J to K into a ratio of 2:3 is 5.

The correct option is D.

Answer:

The answer is actually C(5) not D

Step-by-step explanation:

Other Questions
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