In response to concerns about nutritional contents of fast foods, McDonald's has announced that it will use a new cooking oil for its french fries that will decrease substantially trans fatty acid levels and increase the amount of more beneficial polyunsaturated fat. The company claims that 97 out of 100 people cannot detect a difference in taste between the new and old oils. Assuming that this figure is correct (as a long-run proportion), what is the approximate
At least 44 can taste the difference between the two oils?
At most 5% can taste the difference between the two oils?
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- An economist studying inflation in electricity prices in 2018 and 2019 believes that the average price of electricity, even after adjusting for inflation, changed between these two years. To test his claim, he samples 9 different counties and records the average price of electricity in each county from each year. He then adjusts the prices for inflation. His results are given in the following table. Test the economist's claim at the 0.05 level of significance assuming that the population distribution of the paired differences is approximately normal. Let prices in 2018 be Population 1 and prices in 2019 be Population 2. Average Residential Retail Prices of Electricity ($/kWh) 2018 2019 12.64 13.86 14.22 12.45 14.45 12.85 17.58 15.69 13.42 11.64 15.07 14.72 15.12 14.53 11.20 10.51 18.15 16.70 Copy Data Step 2 of 3: Compute the value of the test statistic. Round your answer to three decimal places.arrow_forwardAn economist studying inflation in electricity prices in 2018 and 2019 believes that the average price of electricity, even after adjusting for inflation, changed between these two years. To test his claim, he samples 9 different counties and records the average price of electricity in each county from each year. He then adjusts the prices for inflation. His results are given in the following table. Test the economist’s claim at the 0.10 level of significance assuming that the population distribution of the paired differences is approximately normal. Let prices in 2018 be Population 1 and prices in 2019 be Population 2. Average Residential Retail Prices of Electricity ($/kWh) 2018 2019 19.99 18.65 15.30 17.29 14.40 16.17 17.31 18.68 12.85 13.53 12.41 13.11 14.74 13.13 19.15 19.36 11.84 13.69 Step 3 of 3 : Draw a conclusion and interpret the decision. 1. We fail to reject the null hypothesis and conclude that there is insufficent evidence at a…arrow_forwardThe U.S. government has devoted considerable funding to missile de fense research over the past 20 years. The latest development is the Space-Based Infrared System (SBIRS), which uses satellite imagery to detect and track missiles (Chance, Summer 2005). The probability of an intruding object (e.g., a missile) will be detected on a flflight track by SBIRS is 0.8. Consider a sample of 15 simulated tracks, each with an intruding object. Let X equal the number of these tracks on which SBIRS detects the object. (a)Find P(X ≥ 8), the probability that SBIRS will detect the object on at least 8 tracks. (b) Find E(X) and interpret the result.arrow_forward
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- A random sample of patient records from a large medical facility were taken and subjects were classified by smoking status and cholesterol levels. The results are summarized in the table with observed counts next to expected values in parentheses followed by the Chi-square component for each cell in brackets. Cholesterol Level Never Smoked 80 (68.86) [1.80] 49 (48.55) [0.00] 28 (39.59) [3.40] Totals 157 Low Moderate High Smoking Status Former Smoker 63 (63.16) [0.00] 37 (44.53) [1.27] 44 (36.32) [1.63] 144 Current Smoker 57 (67.98) [1.77] 55 (47.93) [104] 43 (39.09) [0.39] 155 Discuss briefly if the conditions for this test have been met. Totals 200 141 115 456arrow_forwardAn apple juice producer buys all his apples from a conglomerate of apple growers in one northwest state. The amount of juice squeezed from each of these apples is approximately normally distributed with a mean of 2.06 ounces and a standard deviation of 0.16 ounce. What is the probability that a randomly selected apple will contain more than 2.35 ounces?arrow_forwardAn economist studying inflation in electricity prices in 2018 and 2019 believes that the average price of electricity, even after adjusting for inflation, changed between these two years. To test his claim, he samples 9 different counties and records the average price of electricity in each county from each year. He then adjusts the prices for inflation. His results are given in the following table. Test the economist’s claim at the 0.05 level of significance assuming that the population distribution of the paired differences is approximately normal. Let prices in 2018 be Population 1 and prices in 2019 be Population 2. Average Residential Retail Prices of Electricity ($/kWh) 2018 2019 19.32 18.19 15.00 13.69 11.20 12.72 14.48 14.51 14.15 12.23 19.17 17.21 13.13 11.29 17.62 15.89 19.06 17.71 Step 1 of 3: State the null and alternative hypotheses for the test. Fill in the blank below Step 2 of 3: Compute the value of the test statistic. Round your…arrow_forward
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