A company makes two products from steel; one requires 2 tons of ...

[tingc95]

A company makes two products from steel; one requires 2 tons of steel and the other requires 3 tons. There are 100 tons of steel available daily. A constraint on daily production could be written as: 2x1 + 3x2  100.
  Indicate whether the statement is true or false

Question 2

In order to determine the average price of hotel rooms in Atlanta, a sample of 64 hotels was selected. It was determined that the average price of the rooms in the sample was 112 . The population standard deviation is known to be 16 . Use a .05 level of significance and determine whether or not the average room price is significantly different from 108.50.

[joshbk44]

Answer to Question 1

T

Answer to Question 2

H0:  = 108.50
Ha:   108.50 z = 1.75; therefore, do not reject H0 . tThere is not sufficient evidence at  = .05 to conclude that the average room price is significantly different from 108.50.