12. Analysis of Pennies In an analysis investigating the usefulness of pennies, the cents portions of 100 randomly selected credit card charges from the author are recorded, and they have a mean of 47.6 cents and a standard deviation of 33.5 cents. If the amounts from 0 cents to 99 cents are all equally likely, the mean is expected to be 49.5 cents and the popul standard deviation is expected to be 28.866 cents. Use a 0.01 significance level to ter claim that the sample is from a population with a standard deviation equal to 28,866 c If the amounts from 0 cents to 99 cents are all equally likely, is the requirement of a normal distribution satisfied? If not, how does that affect the conclusion? cents.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images