You love the new elliptical machines your gym added several months ago, but because they are so popular with other members too, you usually have to wait for a machine to become available. Out of curiosity, each day you write down how many minutes you have to wait for an elliptical machine. Using a confidence level of 80%, is the average wait time for an elliptical machine less than 5 minutes 2 0 5 7 5 8 5 5
10 5 2 0 2 4 0 4
0 7 3 5 8 2 5 10
7 0 6 4 4 4 8 3

Required:
a. What type of hypothesis test is required here?
b. Is this a left-tailed, right-tailed, or two-tailed test?
c. State the null and alternate hypotheses for this test

1. an economy consists of three workers: larry, moe, and curly. each works 10 hours a day and can produce two services: mowing lawns and washing cars. in an hour, larry can either mow one lawn or wash one car; moe can either mow one lawn or wash two cars; and curly can either mow two lawns or wash one car. a. calculate how much of each service is produced under the following circumstances: a. all three spend all their time mowing lawns. b. all three spend all their time washing cars. c. all three spend half their time on each activity d. larry spends half of his time on each activity, while moe only washes cars and curly only mows lawns b. using your answers to part a, draw a production possibilities frontier and label points a, b, c, and d on your graph. explain why the production possibilities frontier has the shape it does. c. are any of the allocations calculated in part a inefficient? explain.