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

Another question on Mathematics

question
Mathematics, 21.06.2019 12:30
If an athlete can bike 6 miles in 25 minutes, how many miles will he bike in an hour and half if he continues to bike at the same rate?
Answers: 2
question
Mathematics, 21.06.2019 18:30
What is the prime factorization of 23 ?me with this question
Answers: 1
question
Mathematics, 21.06.2019 21:30
Extra points! find the missing dimension! need asap
Answers: 2
question
Mathematics, 21.06.2019 23:10
The input to the function is x and the output is y. write the function such that x can be a vector (use element-by-element operations). a) use the function to calculate y(-1.5) and y(5). b) use the function to make a plot of the function y(x) for -2 ≤ x ≤ 6.
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
question
Mathematics, 13.03.2020 04:01
question
Mathematics, 13.03.2020 04:01