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tyijiapostell
27.11.2019 •
Mathematics
)a local brewery distributes beer in bottles labeled 12 ounces. a government agency thinks that the brewery is cheating its customers. the agency selects 50 of these bottles, measures their contents, and obtains a sample mean of 11.7 ounces with a population standard deviation of 0.70 ounce. use a 0.01 significance level to test the agency's claim that the brewery is cheating its customers. justify your decision with work. write a short parargraph about the results of the test and what you can conclude about the claim.
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Ответ:
The reduced insurance cost is £685.42.
Step-by-step explanation:
The amount paid per year for insurance = £714.73
Now the price is reduced by 4.1%
Calculating 4.1% of the amount £ 714.73, we get:
4.1% of 714.73 =
⇒4.1% of £ 714.73 = £29.30
So, the reduced insurance amount = £ 714.73 - £29.30
= £685.42
Hence, the reduced insurance cost is £685.42.