A tire company claims that the lifetimes of its tires average 50500 miles. The standard deviation of tire lifetimes is known to be 5500 miles. You sample 150 tires and will test the hypothesis that the mean tire lifetime is at least 50500 miles against the alternative that it is less. Assume, in fact, that the true mean lifetime is 50000 miles. Compute the power of a test At what level should the test be conducted so that the power is 0.85.

$450 is the answer.

step-by-step explanation:

30% of 450 = 135

450-135=315

step-by-step explanation:

let's assume

number of candles set =x

price of of x candles =p(x)

we are given

a candle maker prices one set of scented candles at $10 and sells an average of 200 sets each week

so, we get point as (200,10)

he finds that when he reduces the price by $1, he then sells 50 more candle sets each week

so, we can find slope

now, we can use point slope form of line

now, we can plug values

we can use point

and find b

now, we can plug it back

and we get

now, we can find revenue

we know that

revenue = price*quantity

so, we get

a

step-by-step explanation: