Question
Nature lovers' association of Australia, launched a campaign to encourage paper less communication and/or recycling of used papers to save the trees to reduce global
Nature lovers' association of Australia, launched a campaign to encourage paper less communication and/or recycling of used papers to save the trees to reduce global warming. Hence, many small businesses have scaled up their business such as new forms of online document exchanges and collecting used papers and cardboards from households and companies.
Abita Recycling Ltd is one such company which is operates in Melbourne. The financial analysist of the company has estimated that the firm would make a profit if the mean weekly collection of papers and cardboards from each household exceeded 1KG. To examine the feasibility of a recycling plant, a random sample of 100 households was selected and sample mean and standard deviations are 1.1KG and 0.35KG respectively.
Following the 6-step process of hypothesis testing, you are required to examine information provide sufficient evidence at 99% confidence to allow the analyst to conclude that a recycling plant would be profitable?
2.Melbourne Uni Lodge has decided to provide cup of cold or hot drinks for their tenants to attract them after the Covid pandemic. They have determined that mean number of cups of drinks per day is 2.00 with the standard deviation of 0.6. There will be 125 new tenants in the upcoming months.
What is the probability that the new tenants will consume more than 240 cups of drinks per day?
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