A sample of 36 patients in a doctor's office showed that they had to wait an average of 45 minutes with a standard deviation of 10 minutes before they could see the doctor.Provide a 90% confidence interval estimate for the average waiting time of all the patients who visit this doctor.
Maia's chequing account was $329 overdrawn beginning on September 24. On October 9 she made a deposit that restored a credit balance. If she was charged overdraft interest of $2.50, what annual rate of simple interest was charged?
In order to test if a production process is under control,30 samples of 1,000 units were drawn and the number of defectives in each sample was determined.The mean sample proportion was found to be .0615.Compute the centerline and control limits for the p chart.
A lathe is set to cut bars of steel into lengths of 6 centimeters.The lathe is considered to be in perfect adjustment if the average length of the bars it cuts is 6 centimeters.A sample of 121 bars is selected randomly and measured.It is determined that the average length of the bars in the sample is 6.08 centimeters with a standard deviation of .44 centimeters. a. Formulate the hypotheses to determine whether or not the lathe is in perfect adjustment. b. Compute the test statistic. c. Using the p-value approach, what is your conclusion? Let α = .05.
a. H0: μ = 6 centimeters Ha: μ ≠ 6 centimeters b. t = 2 c. p-value (.0456) is between .02 and .05; therefore, reject H0.The lathe is not in perfect adjustment.
SP
Answered
An invoice for $50,000 dated March 15 with terms 3/10, 2/20, n/30 is received in the mail on March 17. If the company wants to reduce the outstanding balance to $25,000, how much should they pay on March 26?
A) $24,250 B) $25,000 C) $24,500 D) $25,500 E) $25,750