P-value based on a standard normal distribution
Find the p-value based on a standard normal distribution for the standardized test statistic and provided alternative hypothesis.
z= -1.86 for Ha: p <0.5
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Find the p-value based on a standard normal distribution for the standardized test statistic and provided alternative hypothesis. z= -1.86 for Ha: p <0.5
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Explain the concept of equivalent annual cost and how it is used to compare projects with different lives. Explain how we decide the optimal time to replace an existing asset with a new one.
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