Question
In: Statistics and Probability
a manufactorer claims that the precentage of red gummy bears in each package of gummy bears...
a manufactorer claims that the precentage of red gummy bears in each package of gummy bears is 17%. a statistics class collected 10 randomly selected bags of 150 gummy bears each from the manufacturer. The class would like to determine if the porportion of red gummy bears for this manufacturer is greater than the company claims. which of the following is a correct statement regarding performing a hypothesis test for this question, at the .05 level of significance?
Solutions
Expert Solution
(5) Conclusion
It is concluded that the null hypothesis Ho is not rejected. Therefore, there is not enough evidence to claim that the proportion of red gummy bears for this manufacturer is greater than the company claims at the α=0.05 significance level.
orchestra answered 2 years agoRelated Solutions
A firm is operating in the perfectly competitive market for gummy bears. It faces the following...
A firm is operating in the perfectly competitive market for
gummy bears. It faces the following conditions:
TC(q)=4+ (q2/16 )
MC(q)=q/8
Market Demand: D(P)=1008-200P
Please answer the following questions.
Suppose market price is currently at $2.
a) What is the profit maximizing quantity for the firm to
produce at?
b) What is the profit for the firm at the profit maximizing
quantity?
c) If all firms are identical to this firm, how many firms must
there be in the market?...
what would be the methodology for opening the new business of gummy bears in United Kingdom...
what would be the methodology for opening the new business of gummy
bears in United Kingdom and the gummies are gonna be export from
Canada
1) Consider the production function for gummy bears for the following questions. Justify your answers. Q=...
1) Consider the production function
for gummy bears for the following questions. Justify your
answers.
Q= LK+L= L(K+1), (MPL=K+1,
MPK=L)
a) Calculate this firm’s
isoquant.
b) Calculate capital demand for
this firm.
c) Calculate labour demand for this
firm.
d) Calculate total cost for this
firm. Simplify.
e) Calculate average cost
(simplify) for this firm.
1. A jar contains 100 gummy bears: 50 ordinary candies, and 50 cannabis edibles. Of the...
1. A jar contains 100 gummy bears: 50 ordinary candies, and 50
cannabis edibles. Of the ordinary candies, 40 are red and 10 are
green. Of the cannabis edibles, 20 are red, and 30 are green. A
gummy bear is drawn at random from the jar, in such a way that each
gummy bear is equally likely to be the one drawn. What is the
probability that the drawn gummy bear is a cannabis edible,
conditional on it being red?
Brigitte purchases two goods: gummy bears and M&M’s. She has a diminishing marginal rate of substitution...
Brigitte purchases two goods: gummy bears and M&M’s. She has
a diminishing marginal rate of substitution of gummy bears for
M&M’s. Let x denote the amount of gummy bears purchased and y
the amount of M&M’s purchased. Suppose the price of gummy bears
decreases from P x 1 to P x 2 . On a clearly labeled graph,
illustrate the income and substitution effects of the price change
on the consumption of gummy bears. Do so for each of the...
Brigitte purchases two goods: gummy bears and M&M’s. She has a diminishing marginal rate of substitution...
Brigitte purchases two goods: gummy bears and M&M’s. She has
a diminishing marginal rate of substitution of gummy bears for
M&M’s. Let x denote the amount of gummy bears purchased and y
the amount of M&M’s purchased. Suppose the price of gummy bears
decreases from P x 1 to P x 2 .
On a clearly labeled graph, illustrate the income and
substitution effects of the price change on the consumption of
gummy bears.
Do so for each of the...
Big Red Computer Sales sold to Little Red Insurance Co. The following package. Initial software package...
Big Red Computer Sales sold to Little Red Insurance Co. The
following package.
Initial software package
for 100,000
Training
300,000
Updates
50,000
Terms of the sale include initial down payment of 200,000 on
date of sale of 1/1/04 and balance due 1/1/05. Software package is
to be delivered and installed when down payment is made. Training
is to incur over first two years and update to occur at end of
first year. Prepare journal entries.
Flintstone vitamins make fruit-flavored multivitamins for kids. The company claims that 30% of the gummy vitamins...
Flintstone vitamins make fruit-flavored multivitamins for kids.
The company claims that 30% of the gummy vitamins are grape
flavored, 60% are strawberry flavored, and 10% are orange flavored.
Suppose a random sample of 100 multivitamin gummies has 50
grape-flavored, 45 strawberry-flavored, and 5 orange-flavored. Is
this consistent with Flintstone’s claim? Use a 0.025 level of
significance.
a package delivery service claims that 55% of all package arrive at the address late. Assuming...
a
package delivery service claims that 55% of all package arrive at
the address late. Assuming that conditions for binomial holds, if a
sample size of 7 is randomly selected , what is the probability
that at most 4 packages will arrive on time? what is the
probability that at leadt one pavkage will arrive on time? what is
the probability that exactly 4 packages will arrive on time?
[Red Cross Red Shield] The distribution of the amount paid in health claims by Red Cross...
[Red Cross Red Shield] The distribution of the
amount paid in health claims by Red Cross Red Shield (RCRS), a
medical insurance company, on individual health insurance plans for
college students has mean $500, median $400, and standard
deviation $550.
Consider the variation of the amount paid of a sample of 40 plan
members. Do you think that the standard deviation of the sample
mean of participants (Stdev[ ]) is smaller than, larger than, or
equal to the standard deviation...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Part A. Outline and explain all the VARIABLES and FACTORS that determine valuation and valuation analysis...
- Study the file polygon.h. It contains the header file for a class of regular polygons. Implement...
- what challenges can myths and stereotypes create for american indians?
- Date accuracy is very important because dates are used for discounts, payment terms and many reports....
- How many milliliters of concentrated hydrochloric acid solution (36.0% HCl by mass, density = 1.18 g/mL)...
- How does the rotating membership of the FOMC work? Why does the president of New York's...
- A gym owner is considering opening a location on the other side of town. The new...
ADVERTISEMENT