A random sample of 25 graduates of four-year business colleges by the American Bankers Association revealed a mean amount owed in student loans was $14,381 with a standard deviation of $1,892. Assuming the pop is normally distributed:
a) Compute a 90% confidence interval, as well as the margin of error.
b) Interpret the confidence interval you have computed.

Answers

Answer 1

Answer:

a) The 90% confidence interval for the mean amount owed in student loans of graduates of four-year business colleges is ($13,600, $15,162), having a margin of error of $781.

b) We are 90% sure that the mean amount owed in student loans of graduates of  all four-year business colleges is between $13,600 and $15,162.

Step-by-step explanation:

Question a:

We have the standard deviation for the sample, which means that the t-distribution is used to solve this question.

The first step to solve this problem is finding how many degrees of freedom,which is the sample size subtracted by 1. So

df = 25 - 1 = 24

90% confidence interval

Now, we have to find a value of T, which is found looking at the t table, with 24 degrees of freedom(y-axis) and a confidence level of [tex]1 - \frac{1 - 0.9}{2} = 0.95[/tex]. So we have T = 2.0639

The margin of error is:

[tex]M = T\frac{s}{\sqrt{n}} = 2.0639\frac{1892}{\sqrt{25}} = 781[/tex]

In which s is the standard deviation of the sample and n is the size of the sample.

The lower end of the interval is the sample mean subtracted by M. So it is 14381 - 781 = $13,600

The upper end of the interval is the sample mean added to M. So it is 14381 + 781 = $15,162

The 90% confidence interval for the mean amount owed in student loans of graduates of four-year business colleges is ($13,600, $15,162), having a margin of error of $781.

b) Interpret the confidence interval you have computed.

We are 90% sure that the mean amount owed in student loans of graduates of  all four-year business colleges is between $13,600 and $15,162.


Related Questions

16. Find the equation of the line that has slope m = 1/2 and passes through (4, 10).
Give your answer in slope-intercept form

Answers

Answer:

Step-by-step explanation:

Recall that the equation of a line is y = mx + b.

Excellent. Let's plug in the values we are given into the general equation for a line. We get 10 = 1/2 * 4 + b.

Simplify to 10 = 2 + b, and we get b = 8.

Our final equation, then, is y = 1/2 x + 8.

Hope this helps!

Which of the following is NOT a requirement for testing a claim about two population standard deviations or​ variances? A. The populations are independent. B. One of the populations is normally distributed. C. The two samples are simple random samples. D. This test requires that both populations have normal distributions.

Answers

Answer:

B. One of the populations is normally distributed.

Step-by-step explanation:

To test a claim about two population standard deviation or variance, it is imperative that the data meets certain requirements which include :

Randomness : Data must not be biased as such it must be drawn as a random sample from a larger group.

The data must be independent. That is not related to one another, the outcome of one should not rely on the outcome or value of another.

Both groups must be drawn From a population which is normally distributed.

One group being normally distributed by stribuyed while the other isn't a requirement for hypothesis testing in this scenario.

Multiply (2x-5)(x+3)

Answers

Answer:

2x^2+x-15

Step-by-step explanation:

foil

Answer:

2x^2 + x - 15

Step-by-step explanation:

using FOIL

(2x - 5)(x + 3)

[(2x ⋅ x) + (2x ⋅ 3) + (-5 ⋅ x) + (-5 ⋅ 3)]

[2x^2 + 6x - 5x - 15]

2x^2 + x - 15

find the missing segment below brainly

Answers

Let missing side be x

Using basic proportionality theorem

[tex]\\ \sf\longmapsto \dfrac{6}{4}=\dfrac{x}{20-x}[/tex]

[tex]\\ \sf\longmapsto 6(20-x)=4x[/tex]

[tex]\\ \sf\longmapsto 120-6x=4x[/tex]

[tex]\\ \sf\longmapsto 120=6x+4x[/tex]

[tex]\\ \sf\longmapsto 120=10x[/tex]

[tex]\\ \sf\longmapsto x=\dfrac{120}{10}[/tex]

[tex]\\ \sf\longmapsto x=20[/tex]

Use the discriminant to determine all values of k which would result in the graph of the equation
y
=
3
x
2
+
k
x
+
75
y=3x
2
+kx+75 being tangent to the x-axis.

Answers

Answer:

sauce is 177013

Step-by-step explanation:

A company wants to decrease their energy use by 17%. If their electric bill is currently $2500 a month, what will their bill be if they are successful

Answers

We need to find out how much 17 percent of 2,500 is, and then subtract that amount by 2,500. We can use proportions to use this. We can set up a fraction with x/2500 and another fraction with 17/100. Then, we need to cross multiply. This gives us 42,500. Next, we can divide by 100. This gives us 425. We know that they will save $425 if they decrease their energy use by 17%. We now need to subtract $425 from $2,500. This gives us $2,075. If the company is successful in decreasing their energy use by 17%, their bill would be $2,075.

(b) If 124n= 232 five, find n.

Answers

Answer:[tex]n=\frac{58}{31}[/tex]

Step-by-step explanation:

[tex]124n=232\\\frac{124n}{124}=\frac{232}{124}\\n=\frac{232}{124}=\frac{58}{31}[/tex]

The value of n is 18.75. To find the value of n, we need to solve the equation: 124n = 232 five

Let's first convert "232 five" into a numerical value:

"232 five" means 2325 (since five is in the units place).

Now, the equation becomes:

124n = 2325

To solve for n, divide both sides of the equation by 124:

n = 2325 / 124

Now, perform the division:

n = 18.75

So, the value of n is 18.75.

To know more about equation:

https://brainly.com/question/10724260

#SPJ2

helpppp asap pleaseee

Answers

Answer:

29/3 is your answer

Step-by-step explanation:

pls mark as brainliest

where are parabolas on your hand?

Answers

parabolas are there on my hand palms and it must be there on your hands too but why are you asking this question?

Factorise 2x3+9x2+10x+3

Answers

Answer:

Hello,

Answer is (x+1)(x+3)(2x+1)

Step-by-step explanation:

[tex]p(x)=2x^3+9x^2+10x+3\\p(-1)=2*(-1)^3+9*(-1)^2+10*(-1)+3=-2+9-10+3=0\\p(x)\ is\ divisible\ by\ (x+1)We\ arrange\ to\ put\ a\ factor\ of\ x+1\\\\2x^3+9x^2+10x+3\\\\=2x^3+2x^2+7x^2+7x+3x+3\\\\=2x^2(x+1)+7x(x+1)+3(x+1)\\\\=(x+1)(2x^2+7x+3)\\\\=(x+1)(2x^2+6x+x+3)\\\\=(x+1)(2x(x+3)+1(x+3))\\\\=(x+1)(x+3)(2x+1)\\[/tex]

Write a linear equation representing the information shown in the table.

A) y = 2x + 10

B) y = –2x + 10

C) y = 10x – 2

D) y = 10x + 2

Answers

Answer:

b

Step-by-step explanation:

y=-2x+10

y=-2×0+10 y=10

y=-2×1+10 y=8

y=-2×2+10 y=6

y=-2×3+10 y=4

Answer: B. y = –2x + 10

Step-by-step explanation:

Kofi is 3 years older than Ama.If Ama is now x years old, what is kofi age​

Answers

Answer:

x+3

Step-by-step explanation:

Kofi is 3 years older than Ama, so the answer is "x+3".

For each kilogram of a persons weight 2.5 milligrams of a drug is to be given. what dosage should be given to a child who weighs 84 pounds? Use the fact that 1 lb = 0.45 kg

Answers

Answer:

A child who weighs 84 pounds should be given 94.5 milligrams of the drug.

Step-by-step explanation:

Givens:

1kg=2.5 milligrams of dosage

Weight of child = 84 pounds

1 pound = 0.45 kg

Solution:

Convert pounds to kilograms --> 84lbs*0.45kg = 37.8 kg

Convert weight to dosage --> 37.8kg * 2.5 mg = 94.5 mg of dosage.

Which number shows four hundredths
.004 .04 .400 4.00

Answers

Answer:

hello the answer is .04/0.04

Answer:

.04 is four hundredths

Step-by-step explanation:

I hope this helps

Suppose you are starting your own company selling chocolate covered strawberries. You decide to sell the milk chocolate covered strawberries for a profit of $2.25/box and the white chocolate covered strawberries at $2.50/box. Market tests and available resources, however, have given you the following constraints. The combined production level should not exceed 800 boxes per month. The demand for the white chocolate is no more than half the demand for milk chocolate strawberries. The production level for white chocolate should be less than or equal to 200 boxes.

Using the information in the problem, write the constraints. Let x represent number of milk chocolate boxes produced, and y represent number of white chocolate boxes produced.

Total number of chocolate boxes that can be produced: x+y Answer

Answer
800

Restrictions based on demand of each: y Answer
Answer
200
x

Maximum amount of white chocolate production: y Answer

Answer
200

Minimum amount of milk chocolate production: x Answer
Answer

Minimum amount of white chocolate production: y Answer
Answer

Vertices of the feasible region: (0,0)(400, Answer
)( Answer
, Answer
)( Answer
,0)

Optimization equation: Profit = Answer
x+ Answer
y

Your maximum profit is $ Answer
. You should produce Answer
boxes of milk chocolate and Answer
boxes of white chocolate.

Answers

Answer:

Step-by-step explanation:

I answered this question in question #24285520

Answer:

Step-by-step explanation:

Total number of chocolate boxes that can be produced: x+y Answer

Answer

800

Restrictions based on demand of each: y Answer

Answer

1/2

x

Maximum amount of white chocolate production: y Answer

Answer

200

Minimum amount of milk chocolate production: x Answer

Answer

0

Minimum amount of white chocolate production: y Answer

Answer

0

Vertices of the feasible region: (0,0)(400, Answer

200

)( Answer

600

, Answer

200

)( Answer

800

,0)

Optimization equation: Profit = Answer

2.25

x+ Answer

2.5

y

Your maximum profit is $ Answer

1850

. You should produce Answer

600

boxes of milk chocolate and Answer

200

boxes of white chocolate.

PLS HELP
Let f(x) = -2x - 7 and g(x) = -4x + 6. Find (g o f) (-5)


–6



3



–59



26

Answers

Answer:

1st option

Step-by-step explanation:

Evaluate f(- 5) then substitute the value obtained into g(x)

f(- 5) = - 2(- 5) - 7 = 10 - 7 = 3 , then

g(3) = - 4(3) + 6 = - 12 + 6 = - 6

Ed decides to include more fruit in his diet. He goes to the grocery store over the weekend and buys 6 apples, 6 oranges, and 6 avocados. The total cost is $19.50.

Ed finishes the apples very quickly, and has some leftover avocado. The following weekend he buys 12 apples, 2 oranges, and 1 avocado. This time he pays just $9.50.

The following week, Ed reads an article on the benefits of avocado, so over the weekend he buys 5 avocados along with 2 apples and 4 oranges. His total this time is $14.

Assume that Ed pays a unit price rather than a price per pound for the apples, oranges, and avocados.

Answers

9514 1404 393

Answer:

apples: $0.50 eaoranges: $0.75 eaavocados: $2.00 ea

Step-by-step explanation:

Let a, o, v represent the prices of one each of apples, oranges, and avocados, respectively. Then the equations describing the purchases can be written ...

  6a +6o +6v = 19.50

  12a +2o +1v = 9.50

  2a +4o +5v = 14.00

__

Dividing the first equation by 6 makes it ...

  a +o +v = 3.25

Subtracting this from the second equation gives ...

  (12a +2o +v) -(a +o +v) = (9.50) -(3.25)

  11a +o = 6.25

Subtracting the third equation from 5 times the reduced first equation gives ...

  5(a +o +v) -(2a +4o +5v) = 5(3.25) -(14.00)

  3a +o = 2.25

The difference of these last two equations is ...

  (11a +o) -(3a +o) = (6.25) -(2.25)

  8a = 4.00

  a = 0.50

Then the other values are ...

  o = 2.25 -3(a) = 0.75

  v = 3.25 -a -o = 2.00

The unit prices are:

  apples -- $0.50

  oranges -- $0.75

  avocados -- $2.00

_____

Additional comment

Most graphing or scientific calculators will solve systems of equations like these. Using an appropriate tool, it takes less time to find the solution than to read this one.

Note that the last purchase description in the problem statement has the items in a different order than in the first two descriptions. Care must be taken to make sure the correct equations are written.

Suppose that we ask n randomly selected people whether they share your birthday. (a) Give an expression in terms of n for the probability that no one shares your birthday (ignore leap years). $$ Correct: Your answer is correct. (b) What is the least number of people we need to select so that the probability is at least 0.8 that at least one person shares your birthday

Answers

Using the binomial distribution, it is found that:

a) The expression is [tex]\left(\frac{364}{365}\right)^{n}[/tex]

b) You need to select at least 587 people.

For each person, there are only two possible outcomes, either they share your birthday, or they do not. The probability of a person sharing your birthday is independent of any other person, hence, the binomial distribution is used to solve this question.

Binomial probability distribution

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]

The parameters are:

x is the number of successes. n is the number of trials. p is the probability of a success on a single trial.

There are 365 days in a non-leap year, hence, the probability of each person sharing your birthday is [tex]p = \frac{1}{365}[/tex]

Item a:

This probability is P(X = 0), hence:

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

[tex]P(X = 0) = C_{n,0}.\left(\frac{1}{365}\right)^{0}.\left(\frac{364}{365}\right)^{n} = \left(\frac{364}{365}\right)^{n}[/tex]

Hence, the expression is [tex]\left(\frac{364}{365}\right)^{n}[/tex]

Item b:

The probability that at least one person shares your birthday is:

[tex]P(X \geq 1) = 1 - P(X = 0)[/tex]

We want that:

[tex]P(X \geq 1) \geq 0.8[/tex]

Hence:

[tex]1 - P(X = 0) \geq 0.8[/tex]

[tex]P(X = 0) \leq 0.2[/tex]

Hence:

[tex]\left(\frac{364}{365}\right)^{n} \leq 0.2[/tex]

[tex]n\log{\left(\frac{364}{365}\right)} \leq \log{0.2}[/tex]

[tex]n \geq \frac{\log{0.2}}{\log{\left(\frac{364}{365}\right)}}[/tex]

[tex]n \geq 586.6[/tex]

Rounding up: You need to select at least 587 people.

To learn more about the binomial distribution, you can take a look at https://brainly.com/question/24863377

please help me with geometry

Answers

Answer:

x = 5

Step-by-step explanation:

triangol BCD = triangle BDA

so

3x - 1 = 34 - 2x

5x = 35

x = 35 : 5

x = 5

Answer:

x = 7

Step-by-step explanation:

BD is an angle bisector , so

∠ ABD = ∠ DBC , that is

3x - 1 = 34 - 2x ( add 2x to both sides )

5x - 1 = 34 ( add 1 to both sides )

5x = 35 ( divide both sides by 5 )

x = 7

Find the missing length

Answers

Answer:

x=5.9

i think this the answer

Please help with this while part!!!!

Answers

Step-by-step explanation:

1. The given expression is, [tex]A=lw[/tex]

We need to solve it for w.

[tex]w=\dfrac{A}{l}[/tex]

2. The given expression is, [tex]C=\pi D[/tex]

We need to solve it for D.

[tex]D=\dfrac{C}{\pi}[/tex]

3. The given expression is, [tex]v=s+gt[/tex]

We need to solve it for s.

[tex]s=v-gt[/tex]

4. The given expression is, [tex]5x-2y=11[/tex]

We need to solve it for y.

[tex]D=\dfrac{5x-11}{2}[/tex]

5. The given expression is, [tex]P_1V_1=P_2V_2[/tex]

We need to solve it for P₂. So,

[tex]P_2=\dfrac{P_1V1}{V_2}[/tex]

Jim, Katrina, Larry, and Jim have all been invited to a dinner party. They arrive randomly and each person arrives at a different time.
a. In how many ways can they​ arrive?
b. In how many ways can Jim arrive first and Kim ​last?
c. Find the probability that Jim will arrive first and Kim last.

a.___ (Type an integer)
b.___ (Type an integer.)
c.___ (Type a fraction. Simplify your answer)

Answers

Answer:

24

6

1/12

Step-by-step explanation:

a) This is a counting problem 4*3*2*1 = 24 different ways.

b) 1 * 2 * 1 * 1   = 2 ways

This is one you should try.

Jim Kat Larry Kim

Jim Larry Kat Kim

You can't get another way.

c)

There are 2 ways that Jim can arrive first and Kim Last shown in b

2/24 = 1/12

Can someone check my answers if they are correct or incorrect? If it is incorrect, please let me know why it is incorrect please.

Answers

your answer is correct :)

Question 1 (Fill-In-The-Blank Worth 4 points)
(05.02)The area of the parallelogram below is
square meters
6 m
7 m
2 m
Numerical Answers Expected!
Answer for Blank 1

Answers

Step-by-step explanation:

we don't see the parallelogram nor any description of it.

so, it is impossible to tell you the right answer.

as I only answer questions by don't ask any, I don't know how you can add a picture.

Write the equation of a line in slope intercept form that passes through the two points. 4,-1 and 6,-7

Answers

A line has an equation of,

[tex]y=mx+n[/tex].

m is called a slope

n is called y-intercept

We are also given two points [tex](x_1,y_1)=(4,-1),(x_2,y_2)=(6,-7)[/tex].

We begin with computing the slope,

[tex]m=\frac{\Delta y}{\Delta x}=\frac{y_2-y_1}{x_2-x_1}=\frac{-7-(-1)}{6-4}=\frac{-7+1}{2}=\frac{-6}{2}=\boxed{-3}[/tex]

We have computed the slope m and our equation is almost done,

[tex]y=-3x+n[/tex]

Next step is to find out what y-intercept n is. I will use point [tex](4,-1)[/tex] and insert x and y it into already known equation, then solve for n,

[tex]-1=-3(4)+n[/tex]

[tex]-1=-12+n\implies n=\boxed{11}[/tex]

The reason I can insert coordinates of a point as x and y is because this particular point is in the line described by equation,

[tex]\boxed{y=-3x+11}[/tex]

Hope this helps. :)

Find how much money needs to be deposited now into an account to obtain $7,300 (Future Value) in 6
years if the interest rate is 2.5% per year compounded monthly (12 times per year).
The final amount is $
Round your answer to 2 decimal places

Answers

Answer:

x=  $6,284.15

Step-by-step explanation:

7300 = x(1 + .025/12)^72

x = [tex]\frac{7300}{(1 + \frac{.025}{12} )^{72} }[/tex]

x=  $6,284.15  

Use differentials to estimate the amount of paint needed to apply a coat of paint 0.07 cm thick to a hemispherical dome with diameter 50 m. (Round your answer to two decimal places.)

Answers

Answer:

2.75 m²  

Step-by-step explanation:

From the information given:

the thickness of the paint = 0.07 cm = (0.07/100) m

= 0.0007 m thick

the diameter hemispherical dome = 50 m

radius of the dome = 50m /2 = 25 m

The volume of a hemispherical dome is expressed as:

[tex]V = \dfrac{2}{3}\pi r^3[/tex]

Thus, the change in the volume now is:

[tex]\dfrac{dV}{dr} = \dfrac{2}{3}\pi *3 r^2[/tex]

[tex]{dV} = \dfrac{2}{3}\pi *3 r^2 (dr)[/tex]

[tex]{dV} = 2 \pi r^2 (dr)[/tex]

dV = 2π × (25)² (0.0007)

where;

dr = 0.0007

dV = 2π × (25)² (0.0007)

dV = 2.75 m²  

Maria, Kevin, and Dan have a total of 96$ in their wallets. Dan has 6$ less than Maria. Kevin has 3 times what Dan has. How much do they have in their wallets?

Answers

Answer:

Hi Keke,

Let Amy have x dollars. Then Jose has x - 8 dollars and Milan has 4(x - 8) dollars.

x + (x-8) + 4(x-8) = 152

6x - 40 = 152

6x = 192

x = 32

Amy has $32

Jose has 32 - 8 = $24

Milan has 4*24 = $96

integrate with respect to x 2tanx secant^2x/(1+ tan²x)

Answers

[tex] \displaystyle \int \bf \: \frac{2 \: tan \: x. {sec}^{2} \: x }{1 + {tan}^{2} \: x } \: \: dx \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\ \\ = 2 \displaystyle \int \bf \: \frac{tan \: x \: . \: \cancel{ {sec}^{2} \: x}}{ \cancel{ {sec}^{2} \: x}} \: \: dx \: \: \: \: \pink{ \{ \because \: {sec}^{2} \: x - {tan}^{2} \: x = 1 \}} \\ \\ = 2 \displaystyle \int \bf \: tan \: x \: \: dx \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\ \\ = 2 \displaystyle \int \bf \: \frac{sin \: x}{cos \: x} \: \: dx \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\ \\ = - 2 \displaystyle \int \bf \: \frac{ - \: sin \: x}{ \: cos \: x} \: \: dx\: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\ \\ = \bf \: - 2 \ln \: |cos \: x| + c\: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \green{ \{ \because \: \displaystyle \int \bf \: \frac{ {f}^{′} (x)}{f(x)} \: dx = \ln \: |f(x)| + c \}}[/tex]

There are 1000 students in a college.Out of 20000 in the whole university in a study of 200 were found to be smokers in the college and 1000 in whole university. Is there any significant difference between the proportion of smokers in college and university​

Answers

Answer:

1000 students in college

2000 students in University

200 out of 2000 are smokers

200 out 1000 are smokers

200 : 2000

1 :10

200 : 1000

1 : 5

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