Areport about how american college students manage their finances includes data from a survey of college students. each person in a representative sample of 793 college students was asked if they had one or more credit cards and if so, whether they paid their balance in full each month. there were 500 who paid in full each month. for this sample of 500 students, the sample mean credit card balance was reported to be $825. the sample standard deviation of the credit card balances for these 500 students was not reported, but for purposes of this exercise, suppose that it was $195. is there convincing evidence that college students who pay their credit card balance in full each month have a mean balance that is lower than $905, the value reported for all college students with credit cards? carry out a hypothesis test using a significance level of 0.01.
find the test statistic and the p-value

step-by-step explanation:

the multiplicative inverse of a fraction a/b is b/a. for the multiplicative inverse of a real number, divide 1 by the number. for example, the reciprocal of 5 is one fifth 1/5 or 0.2, and the reciprocal of 0.25 is 1 divided by 0.25, or 4.

here we can see that the storage increases

at certain times of the year - during the

warmer months, when the gas is not much

used for heating and reserves can be

increased - and then decreases during the

colder months because the supply is being

used. it is possible to model this with a

relatively simple trigonometric graph, but

first we examine the simplest trig curves.

065/065.html

the basics

the simplest sine and cosine curves can be generated by plotting the trig-function values

against the angles used in each function. the values can be found in the chart below:

ø (˚) 0 30 45 60 90 120 135 150 180 210 225 240 270 300 315 330 360

sin ø

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0 1

2

2

2 3

2 1 3

2 2

2 1

2

0 − 1

2

− 2

2 − 3

2 − 1 − 3

2 − 2

2 − 1

2

0

cos ø

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1 3

2 2

2 1

2 0 − 1

2

− 2

2 − 3

2 − 1 − 3

2 − 2

2 − 1

2

0 1

2 2

2 3

2 1

first we plot the sine data, letting the x-axis represent the angles and the y-axis the sine

values. the result is the scatter plot below.

based on just these 17 data points, we can see

that the function is following a straightforward

pattern - the sine values are increasing to 1,

decreasing through the same values to -1, then

returning to zero. when we connect the dots, we

get the periodic curve y = sin (x) below.

this “sine curve,” with equation

y = sin(x), is the simplest of trig

graphs. the curve rises and falls by

one unit from its “axis of

oscillation” - in this case, the x-axis

- and after we cycle through 360˚ it

appears we are ready to go through

the same y-values again. we can see

this same pattern in the cosine

function on the following page.

each sine and cosine curve has two basic characteristics:

amplitude - distance the curve rises above, and falls below, its axis of oscillation (marked by

the vertical arrows on the cosine graph). the formula is

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amp = max− min

2 .

period - the length of one cycle (marked by the horizontal arrows on the cosine graph).

this can be calculated by measuring the distance between any successive maximum

points (or minimum points), or by doubling the horizontal distance between a

minimum and the next maximum.

for our first two curves, then, the amplitude is 1 and the period is 360˚ (or 2! if we are in radians).

adjusting the amplitude and frequency: y = a sin(bx), y = a cos(bx)

now that we have our “base” amplitude and frequency . . let’s change them. we can adjust both

characteristics by introducing the parameters a and b into the equations. the graph below shows the

curves y = a sin(x) for a = 1,2,3, and -0.5, with the original curve y = sin(x) being the thickest line.

clearly the amplitude of the curves has changed;

when a = 2, the amplitude is 2; when a = 3, the

amplitude is 3; and when a = -0.5 the amplitude is

0.5 (since amplitude, a distance, must be positive).

however, this last curve has also been flipped upside

down (or “reflected in the x-axis”). since the

amplitude must be positive even when a itself is

negative, we have the formula

amplitude = | a |.

the relationship between the b-value and the

period is not so straightforward. on the right

we have y = cos(bx) for b = 1,3, and 0.5. (the

thickest line is again our “base” curve.) when

b=3, the period decreases to 120˚; when

b=0.5, the period increases to 720˚ (so only

half the curve is shown here). we can describe

this reciprocal relationship with the formula

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b = 360

period or

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b = 2π

period ,

using the latter if we are working in radians.

shifting horizontally and vertically: y = sin(x-h) + k, y = cos(x-h) + k

to shift (or “translate”) a curve along either the x- or y-axis (or both), we introduce the parameters

h and k. below we have the graph of y = sin (x - 30) + 2 and y = sin(x). (note that we have returned

to an amplitude of 1 and period of 360˚). our original

curve y = sin(x) had its peak at the point (90,1); the

shifted curve has its corresponding peak at (120, 3). in

the same way, the original curve had a minimum value

at (270, -1); now the minimum is at (300,1). and

finally, the axis of oscillation has shifted vertically

from the line x = 0 to the line x =2. in other words, our

new curve has been created by shifting y = sin(x) right

30 and u p 2. and, in general, we can create the

following shifts:

horizontal shift = h (left if h < 0, right if h > 0)

vertical shift/new axis of oscillation = k.

modelling data: y = a sin[b(x-h)] + k, y = a cos[b(x-h)] + k

we have seen how the basic sine and cosine curves can be adjusted: by changing the amplitude

and period, and by shifting the curves horizontally and vertically. a summary is below.

amplitude = | a | vertical shift/axis of oscillation = k

period =

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360

b

or

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2π

b

what’s the question?