Question: You are tasked to find the estimated cost for projects and find this equation 5 0 0 0 + 3 5 0 x , where

You are tasked to find the estimated cost for projects and find this equation 5000+350x, where
x is the number of days taken to complete the project to be the best fit. You find that the mean
and standard deviation of project completion time for this sample are, respectively, 36.2 days and
12.4 days in a sample of 15 past projects. Furthermore, 9 of these projects used Python as the
main tool of the project.
At 5% significance level, is there any evidence that the proportion of projects using Python as
the main tool is different from 0.25? Justify your answer. What is the p-value of the sample?
At 5% significance level, is there any evidence that the mean cost for the mid-size projects will
exceed $15,000 in the coming year? Justify your answer.

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