Examlex
Instruction 9-1
Microsoft Excel was used on a set of data involving the number of parasites found in a random sample of 46 Blue Tiger butterflies captured in Kakadu National Park.A biologist wants to know if the mean number of parasites per butterfly is greater than 20.She will make her decision using a test with a level of significance of 0.10.The following information was extracted from the Microsoft Excel output for the sample of 46 butterflies:
Arithmetic Mean = 28.00; Standard Deviation = 25.92; Standard Error = 3.82; Null Hypothesis: Test Statistic = 2.09;
One-Tailed Test Upper Critical Value -value Decision Reject.
-Referring to Instruction 9-1,the biologist can conclude that there is sufficient evidence to show that the mean number of parasites per butterfly is greater than 20 with no more than a 1% probability of incorrectly rejecting the true null hypothesis.
Regular Machines
Machines that perform operations under a set of defined rules and conditions without the need for human intervention, typically used in manufacturing and automation.
Objective Function
A mathematical function representing the goal of an optimization problem, typically minimized or maximized.
Total Cost
Total cost is the sum of all expenses incurred in the production of goods or services, including fixed and variable costs.
Total Profit
The overall financial gain achieved from a business activity after subtracting all costs and expenses.
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