Answered: A popular charity used 34% of its…

Name: A popular charity used 34% of its donations on expenses. An organizer
Uploaded: 2024-03-20T07:07:12.000Z
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Description: A popular charity used 34% of its donations on expenses. An organizer for a rival charity wanted to quickly provide a donor with evidence that the popular charity has expenses that are higher than other similar charities. The organizer randomly selec

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A popular charity used 34% of its donations on expenses. An organizer for a rival charity wanted to quickly provide a donor with evidence that the popular charity has expenses that are higher than other similar charities. The organizer randomly selected 10 similar charities and examined their donations. The percentage of the expenses that those 10 charities spend on expenses is given below.

Use a TI-83, TI-83 Plus, or TI-84 calculator to test whether the mean is less than 34%. Identify the p-value from the calculator output, rounding to three decimal places.

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

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