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Answers: 1. Class interval = range/number of classes Class interval = 7560/10 = 756 Relative frequency = frequency/total frequency For instance the relative frequency for 169-925 class = 37/60 = 0.616667 Frequency distribution table classes freq midpoint rel. freq cum. Freq 169-925 37 547 0.616667 37 926-1682 17 1304 0.283333 54 1683-2439 ...Read More
Answer: Solution: From the question, we are given the following: At 0.05 level of significance, we are required if there is evidence that the mean amount is different from 1.0 gallon First, define the hypothesis test: The null and alternative hypothesis: Calculating the test statistic: From the standard normal table of Z, the critical value for two tailed test is given by: Since the test statistic (z=-0.7678) does...Read More
Answers: 1.a. The required frequency distribution, relative frequency distribution, and percent frequency distribution is calculated in Excel, the calculated values is, Class Frequency distribution Relative frequency distribution Percent frequency distribution 120 0 0 0.00% 170 8 0.16 16.00% 220 15 0.3 30.00% 270 12 0.24 24.00%...Read More
Answers: 1. 1.The frequency distribution table for the values of the furniture orders (in $) along with the frequency, relative frequency and percent frequency are given in the following table: Furniture Order ($) Frequency Relative Frequency Percent Frequency 100 - 150 3 0.06 6% 150 - 200 15 0.3 30% 200 - 250 14 0.28 28% 250 - 300 6 ...Read More
Answers: Introduction Blockchain technology is a revolutionary new technology, transforming the standards of transaction in the industry by enforcing security and securing integrity. A special feature of it, Distributed Ledger Technology (DLT) has gone on to improve efficiency of the banking process leading to quicker, simpler execution and completion of the operation. Thus it is felt that making investments in firms which have been successf...Read More
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