The Eagle Ridge Contractors Association claims the average price of a home in their subdivision is $125,150 with a standard deviation of $7,350. A sample of 36 homes for sale in this subdivision had an average selling price of $123,550. The Eagle Ridge Home Owners Association is interested in knowing if the costs of homes for sale in this subdivision are actually lower than claimed? Compute the test value.

Answers

Answer 1

Answer:

The test value is z = -1.31.

Step-by-step explanation:

The Eagle Ridge Contractors Association claims the average price of a home in their subdivision is $125,150.

This means that the null hypothesis is that the mean is this value, that is:

[tex]H_0: \mu = 125150[/tex]

The Eagle Ridge Home Owners Association is interested in knowing if the costs of homes for sale in this subdivision are actually lower than claimed.

This means that at the alternate hypotehsis we test that the mean is lower than that value, that is:

[tex]H_a: \mu < 125150[/tex]

The test statistic is:

[tex]z = \frac{X - \mu}{\frac{\sigma}{\sqrt{n}}}[/tex]

In which X is the sample mean, [tex]\mu[/tex] is the value tested at the null hypothesis, [tex]\sigma[/tex] is the standard deviation and n is the size of the sample.

125150 is tested at the null hypothesis:

This means that [tex]\mu = 125150[/tex]

Standard deviation of $7,350.

This means that [tex]\sigma = 7350[/tex]

A sample of 36 homes for sale in this subdivision had an average selling price of $123,550.

This means that [tex]n = 36, X = 123550[/tex]

Compute the test value.

[tex]z = \frac{X - \mu}{\frac{\sigma}{\sqrt{n}}}[/tex]

[tex]z = \frac{123550 - 125150}{\frac{7350}{\sqrt{36}}}[/tex]

[tex]z = -1.31[/tex]

The test value is z = -1.31.


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Answer:

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Answer:

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Step-by-step explanation:

Describe the correlation between the amount spent and the number of people spending the money.
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Answer: A

Explanation: sorry if I’m wrong

Answer:

A. Negative correlation; as the amount spent increases, the number of people spendings that amount decreases.

It is so clear, just look at the graph and you will see exactly what im talking about

find the volume of the sphere radius is 20 meters

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Using the formula 4/3*pi*r^3=V
V= 1675.52

Hope works for u :)
4000/3(pi) or
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the formula to the volume of sphere is [V= 4/3(pi)(radius)^3]. if the diameter of the sphere (which is as shown as in the picture provided) is 20 meters, the radius is 10 meters.

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The town of Rayburn received 6 + g inches of snow

Answer:

r = g + 7 (let "r" be amount of snow rayburn got)

Step-by-step explanation:

Lets let r = the amount of snow rayburn got.

r = g + 7

PLEASE HELP! OFFERING 20 POINTS, EVEN THOUGH IM RUNNING OUT OF POINTS DUE TO THE AMOUNT OF QUESTIONS I HAVE BEEN ASKING

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Answers

Answer:

x>or equal to25

Step-by-step explanation:

Answer:

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amogus

An employee gets a signing bonus of $100 and is paid $25 per hour they work. Represent this scenario by writing an equation for x hours worked​

Answers

Answer:

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Step-by-step explanation:

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The numbers are just like money just without the dollar sign

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After you get your number remember to put your sign you were looking for

Hope I helped you out:)

Answer:

$(100 + 25x)

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if the employee works for 1 hour, they earn 1 × $25 = $25. if they work for 2 hours, they earn 2 × $25 = $50. thus, representing the number of hours they work by x, we can say that they earn $(25x) per hour.

now, we add on the signing bonus: $(100 + 25x).

i hope this helps! :D

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Answer:

Step-by-step explanation:

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h

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Step-by-step explanation:

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Answers

Answer:

A = $34,494.79

Step-by-step explanation:

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I’ll give you brain list if you solve it

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Answer:

1000$ is the correct ans I think ?

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Hi I don't know how to explain this in steps but the interest is 15523,2

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Which statement is true?


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Which value of x is a solution of the inequality?

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Answer:

16

Step-by-step explanation:

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Answer:1.40

2.20

3.100

4.39

5.7

7

Step-by-step explanation:

What is the measure of ZB, in degrees?

Answers

Angle B is 32 degrees

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Hope made 3 different yo-yós. She used 1 meters of string for the first yo-yo, 1 meter of string for the
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Answers

Answer:

The variable Y represents the number of meters of string in the third yoyo

Step-by-step explanation:

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Answers

The probability that exactly 3 of the 4 employees selected will have children is given by binomial distribution formula  ⁴C₃(0.60)³(0.40)

What is a Binomial Distribution?

The binomial distribution is a type of probability distribution that predicts the likelihood of obtaining one of two outcomes given a set of inputs. It summarizes the number of tries where each trial has the equal chance of producing the same result.

The formula for Binomial Distribution is given by

P ( x ) = ⁿCₓ pˣq⁽¹⁻ˣ⁾

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n = number of trials

x = number of successes

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q = probability of getting a failure in one trial

q = 1 - p

Given data ,

Let the total number of employees be = 500

Now , the probability of success of selecting employees having children is given by p = 0.60

So , the value of q = 1 - p

q = 1 - 0.60

q = 0.40

So , The probability that exactly 3 of the 4 employees selected will have children is given by binomial distribution formula

where,

P ( x ) = ⁿCₓ pˣq⁽¹⁻ˣ⁾

where

n = number of trials

x = number of successes

p = probability of getting a success in one trial

q = probability of getting a failure in one trial

q = 1 - p

Substituting the values in the equation , we get

P ( x ) = ⁴C₃(0.60)³(0.40)

On simplifying the equation , we get

P ( x ) = 4 x 0.246 x 0.4

P ( x ) = 0.3456

Therefore , the value of P ( x ) is 0.3456

Hence , The probability that exactly 3 of the 4 employees selected will have children is given by binomial distribution formula ⁴C₃(0.60)³(0.40)

To learn more about binomial distribution click :

https://brainly.com/question/29350029

#SPJ2

there are 240 students who attend Elmwood school. Two thirds of the students have brown hair. how many students have brown hair? how many students do not have brown hair?

Answers

Answer:

160 has brown hair while

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Step-by-step explanation:

two third means 2/3

therefore to find how many student have brown hair,

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since we know that 160 students have brown hair, we just subtract it from 240

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Answers

Answer:

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Step-by-step explanation:

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288=(2w)×w

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I’m pretty sure it is linear sorry if it’s wrong have a good day

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I’ve attached my work...
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Math-way app for problems like number 2
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Enter your answer as a mixed number in simplest form.

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Answer:

48 3/40 just reanswerd for points :>

Step-by-step explanation:

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