Author Question: Double-subscript notation for decision variables should be avoided unless the number of decision ... (Read 137 times)

formula1 · **on:** Jun 24, 2018

Double-subscript notation for decision variables should be avoided unless the number of decision variables exceeds nine.
Indicate whether the statement is true or false

Question 2

A sample of 81 account balances of a credit company showed an average balance of 1,200 . The population standard deviation is 126 . You want to determine if the mean of all account balances is significantly different from 1,150 . Use a .05 level of significance.

samiel-sayed · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

F

Answer to Question 2

H0: = 1150
Ha: 1150 z = 3.57; therefore, reject H0 . There is sufficient evidence at = .05 to conclude that the mean of all account balances is significantly different from 1,150.