Given that H0: μ ≤ 15
H1: μ > 15
A sample of 40 provides a sample mean of 16.5 and a sample standard deviation of 7
i. At α= 0.02, what is the critical value for z and what is the rejection rule?
ii. Compute the value of the test statistics z ?
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ANGELA OUMA
05.07.18, 17:34
A firm uses two inputs, K and L to manufacture final product. The
price per unit of these inputs are sh. 20 and sh. 4 respectively. What
combination of inputs should a firm use to maximize output given that
the budget is fixed at sh. 390?
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A firm uses two inputs, K and L to manufacture final product. The price per unit of these inputs are sh. 20 and sh. 4 respectively. What combination of inputs should a firm use to maximize output given that the budget is fixed at sh. 390?
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