subject
Mathematics, 29.01.2021 16:40 nuggetslices

You are thinking about opening a restaurant and are searching for a good location. From research you have done, you know that the mean income of those living near the restaurant must be over $85,000 to support the type of upscale restaurant you wish to open. You decide to take a simple random sample of 50 people living near one potential location. Based on the mean income of this sample, you will decide whether to open a restaurant there. Describe a Type I and a Type II error, and explain the consequences of each.

ansver
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 19:00, emmagossett2002
Aflower has 26 chromosomes. to create a new flower, how many chromosomes would a sperm cell have? what is this process called? part 2: within a flower cell that has 26 chromosomes, how many chromosomes would a cell that is created within the stem of a flower as it grows, have? what is this process called?
Answers: 1
image
Mathematics, 21.06.2019 20:00, faithyholcomb
Someone answer asap for ! max recorded the heights of 500 male humans. he found that the heights were normally distributed around a mean of 177 centimeters. which statements about max’s data must be true? a. the median of max’s data is 250 b. more than half of the data points max recorded were 177 centimeters. c. a data point chosen at random is as likely to be above the mean as it is to be below the mean. d. every height within three standard deviations of the mean is equally likely to be chosen if a data point is selected at random.
Answers: 1
image
Mathematics, 21.06.2019 22:30, minnahelhoor
How do i find the missing angle measure in a polygon
Answers: 1
image
Mathematics, 22.06.2019 01:00, abbygailgo674
Libby built a fence that was 56 \text { feet}56 feet long over 44 days. she built the same length of fence each day. how many inches of fence did libby build each day?
Answers: 1
You know the right answer?
You are thinking about opening a restaurant and are searching for a good location. From research you...

Questions in other subjects: