2. An economist reports that 576 out of a sample of 1,200 middle-income American households participate in the stock market. A confidence interval of [0.468, 0.492] was calculated. What confidence level was used in this calculation

Answers

Answer 1

Answer:

Confidence level  = 59.46%

Step-by-step explanation:

Given that:

An economist reports that 576 out of a sample of 1,200 middle-income American households participate in the stock market.

sample mean = 576

sample size = 1200

The sample proportion [tex]\hat p[/tex] = x/n

The sample proportion [tex]\hat p[/tex] = 576/1200 = 0.48

A confidence interval of [0.468, 0.492] was calculated. What confidence level was used in this calculation?

The  confidence interval level can be determined by using the formula:

[tex]M.E =Z_{critical} \times \sqrt{\dfrac{\hat p (1- \hat p)}{n}}[/tex]

If the calculated confidence interval was [0.468, 0.492]

Then,

[tex]\hat p[/tex]  - M.E = 0.468

0.48 -M.E = 0.468

0.48 - 0.468 = M.E

0.012 = M.E

M.E = 0.012

NOW;

[tex]0. 012 =Z_{critical} \times \sqrt{\dfrac{0.48 (1- 0.48)}{1200}}[/tex]

[tex]0. 012 =Z_{critical} \times \sqrt{\dfrac{0.48 (0.52)}{1200}}[/tex]

[tex]0. 012 =Z_{critical} \times \sqrt{\dfrac{0.2496}{1200}}[/tex]

[tex]0. 012 =Z_{critical} \times \sqrt{2.08\times10^{-4}}[/tex]

[tex]0. 012 =Z_{critical} \times 0.01442[/tex]

[tex]\dfrac{0. 012}{0.01442} =Z_{critical}[/tex]

[tex]Z_{critical} =0.8322[/tex]

From the standard normal tables,

the p - value at [tex]Z_{critical} =0.8322[/tex] =  0.7973

Since the test is two tailed

[tex]1 - \alpha/2= 0.7973[/tex]

[tex]\alpha/2= 1-0.7973[/tex]

[tex]\alpha/2= 0.2027[/tex]

[tex]\alpha= 0.2027 \times 2[/tex]

[tex]\alpha= 0.4054[/tex]

the level of significance = 0.4054

Confidence level = 1 - level of significance

Confidence level = 1 - 0.4054

Confidence level = 0.5946

Confidence level  = 59.46%


Related Questions

Find y using the Angle Sum Theorem

Answers

Step-by-step explanation:

Hey, there!!

Look this figure, simply we find that;

In triangle ABC,

angle CBD is an exterior angle of a triangle.

and its measure is 90°

Then,

angle CBD= y +48° {sum of interior opposite angle is equal to exterior angle or from theorem}.

or, 90°= y + 48°

Shifting, 48° in left side,

90°-48°= y

Therefore, the value of y is 42°.

Hope it helps...

Ben is tiling the floor in his bathroom the area he is tiling is 4m times 2m each tiles measures 400mm times 400mm he has 45 tiles is that enough

Answers

Answer:

No, it's not enough

Step-by-step explanation:

Given

Tilling Dimension = 4m by 2m

Tile Dimension = 400mm by 400mm

Required

Determine the 45 tiles is enough

First;

The area of the tiling has to be calculated

[tex]Area = Length * Breadth[/tex]

[tex]Area = 4m * 2m[/tex]

[tex]Area = 8m^2[/tex]

Next, determine the area of the tile

[tex]Area = Length * Breadth[/tex]

[tex]Area = 400mm * 400mm[/tex]

Convert measurements to metres

[tex]Area = 0.4m* 04m[/tex]

[tex]Area = 0.16\ m^2[/tex]

Next, multiply the above area result by the number of files

[tex]Total = 0.16m^2 * 45[/tex]

[tex]Total = 7.2m^2[/tex]

Compare 7.2 to 8

Hence, we conclude that the 45 tiles of 400mm by 400 mm dimension is not enough to floor his bathroom

Within what values will 95.44 percent of sample means of this process fall, if samples of n = 8 are taken and the process is in control (random)?

Answers

This question is incomplete, here is the complete question:

Specifications for a part for a DVD player state that the part should weigh between 25.2 and 26.2 ounces. The process that produces the parts has a mean of 25.7 ounces and a standard deviation of .25 ounce. The distribution of output is normal. Use Table-A

a) What percentage of parts will not meet the weight specs? (Round your "z" value and final answer to 2 decimal places.

b) Within what values will 95.44 percent of sample means of this process fall, if samples of n = 8 are taken and the process is in control (random)

Answer:

a) What percentage of parts will not meet the weight specs = 4.56%

b) values within which 95.44 percent of sample means of this process falls are;

UCL = 25.88 ounces

LCL = 25.52 ounces

Step-by-step explanation:

Given that;

Mean u = 25.7 ounces

Std deviation = 0.25 ounces

a)

Z-score (Upper) = (X- u) / s = (26.2 - 25.7) / 0.25 = 2

Z-score (Lower) = ( 25.2-25.7 ) / 0.25 = -2

using the T - table

For Z = 2.0

the area in the tail of the curve to the right of the mean (upper) = 0.4772

therefore;

Number of defective = 0.5000 - 0.4772 = 0.0228

These are errors on one side of normal distribution.

To get the total error, we say

Total error = 2 × 0.0228

Total error = 0.0456 ≈ 4.56% ( 2 decimal place )

b)

given that;

n = 8,

standard deviation = 0.25 ounce

Standard deviation of X = Std deviation / √n

= 0.25 /√8 = 0.088

Now for 95.44% of confidence interval, Z = 2

UCL = Mean + Z × Standard deviation of X

= 25.7 + 2 × 0.088

= 25.88 ounces

LCL = Mean - Z × Standard deviation of X

= 25.7 - 2 × 0.088

= 25.52 ounces

Stefan rode 32.95 miles.
Ben rode 25 4/5 miles. How many more miles did stefan ride than ben?​

Answers

Answer:

7.15 miles

Step-by-step explanation:

4/5 of a mile is equivalent to .8 miles.

32.95

-25.8

7.15

Answer:

Step-by-step explanation:

39.95 - 25.80 = 7.15 miles

Which of the following is -32(5x-7)(x+8)/-4(x+8)(5x-7) simplified? A.8/(x+8) B.8 C.4 D.4/(5x-7)

Answers

Answer:

work is shown and pictured

Identify the sample space in the following tree diagram

A.) H, T
B.) TTT, TTH, THT, THH, HTT, HTH, HHT, HHH
C.) HHH, THH, TTH, TTT
D.) HT, TH, TT, HT

Answers

Answer: Choice B

There are 2 sides per coin, and 3 flips, so 2^3 = 8 total items in the sample space

HHHHHTHTHTHHHTTTHTTTHTTT

Tracing each branch from left to right will help form the 8 different outcomes. For instance, if you go along the upper most path of the upper tree, then you'll get HHH meaning you got 3 heads in a row. The next branch down would be HHT, and so on.

For this problem, use the tables and charts shown in this section. (Use picture provided)
A United States Citizen returning to the States declares the following items at the customs office:
3 shirts at $8.50 each
2 dresses at $27.50 each
1 pair of gold cuff links at $17.50 per pair
If he has not used his duty free exemption yet, how much duty should he pay?
0 $0.00
$5.00
$10.00
$300

Answers

Answer:

0

Step-by-step explanation:

0 because there is a $100 duty free exemption.

answer:

For this problem, use the tables and charts shown in this section.  

A United States Citizen returning to the States declares the following items at the customs office:

3 shirts at $8.50 each

2 dresses at $27.50 each

1 pair of gold cuff links at $17.50 per pair

If he has not used his duty free exemption yet, how much duty should he pay?

$0.00 !

$5.00

$10.00

$300

Help Me With This
show work​

Answers

Answer:

1. Make a list of activities and the number of students:

Watching TV: 32

Talking on the phone: 41

Video games: 24

Reading: 15

2. Then combine the data in a bar graph as shown in the picture

Please Help! The point (8, -2) satisfies the equation of which line? (1) y+2=2(x+8) (2) y-2=2(x-8) (3) y+2=2(x-8) (4) y-2=2(x+8)

Answers

Answer:

(3) y+2=2(x-8)

Step-by-step explanation:

Substitute the point into the equation and see if it is true

(8,-2)

(1) y+2=2(x+8)

    -2+2 = 2(8+8)

    0 = 2(16)

False

(2) y-2=2(x-8)

  -2-2 = 2(8-8)

  -4 =2 (0)

  False

(3) y+2=2(x-8)

  -2+2 = 2( 8-8)

  0 = 2(0)

 True

(4) y-2=2(x+8)

  -2-2 = 2(8+8)

  -4 = 2(16)

False

Answer:

[tex]\boxed{y+2=2(x-8) }[/tex]

Step-by-step explanation:

[tex]x=8[/tex]

[tex]y=-2[/tex]

[tex]\sf Check \ the \ third \ option.[/tex]

[tex]-2+2=2(8-8)[/tex]

[tex]\sf Both \ sides \ must \ be \ equal.[/tex]

[tex]0=2(0)[/tex]

[tex]0=0[/tex]

Simplify: 9h-12h=54-23

A. 3h=-77

B.3h= 31

C.-3h= -31

D.-3h= 31

Answers

Answer:

c is the answer

Step-by-step explanation:

-3h = 31

-9h-12h = -3h

54-23= 31

Answer:

[tex]\boxed{C. -3h = 31}[/tex]

Step-by-step explanation:

Hey there!

9h - 12h = 54 - 23

Simplify

-3h = 31

C. -3h = 31

Hope this helps :)

5 STARS IF CORRECT! Can you translate a phrase or sentence into symbols? Explain the answer.

Answers

Answer:

See below.

Step-by-step explanation:

It depends on the sentence or phrase. If the sentence includes an operation of numbers or something related to comparing numbers, then maybe it can be translated into symbols. If the sentence or phrase has nothing to do with quantities, or operations or comparison of quantities, then probably it can't.

Examples:

1) The boy went for a walk.

There's nothing to translate into symbols in this case.

2) I had $10 in my bank account, then I deposited n dollars. Now I have $30 in my account.

In this case, I can translate the sentence into an equation.

10 + n = 30

Plot A shows the number of hours ten girls watched television over a one-week period. Plot B shows the number of
hours ten boys watched television over the same period of time.
Which statement correctly compares the measures of center in the two sets of data?
Both the mean and median are greater for Plot A than for Plot B.
* Both the mean and median are greater for Plot B than for Plot A.
Plot A has a greater median than Plot B, but Plot B has a greater mean.
Plot B has a greater median than Plot A, but Plot A has a greater mean.
(It’s not B on edg2020 btw)

Answers

Both the mean and median are greater for plot A than for plot B. This is found by finding the mean and median for each plot and comparing them. Let me know if you need any further explanation!

Answer: Hello I have your Answer

It's A

Step-by-step explanation:

Your welcome

If the bathtub holds a total of 46.2 gallons, how many minutes would it take to fill the entire tub? Write an equation in one variable to help you solve the problem. The variable represents the unknown time in minutes.

Answers

Answer:

46.2÷m=x

Step-by-step explanation:

u divide the amount of water by the time it takes to fill up(m). Witch will equal the amount per minute (x).

16.5/min

time = m

gallons / minutes = rate

46.2  = 16.5 (m)

46.2 / 16.5 = 16.5 (m) / 16.5

2.8 = minutes

Graph: y < 3x + 1 please help me

Answers

Answer:

Using a graphing calc.

Step-by-step explanation:

Hunda Corporation’s expected year end dividend amounting to RM1.60, and its required return is 11 percent. The dividend yield is 6 percent and its growth rate is expected to be constant in the future. What is Hunda Corporation’s expected stock price in 7 years?

Answers

Answer:

Hunda expected stock price in 7 years = RM48.12

Step-by-step explanation:

expected year end dividend = RM1.60

required return = 11%

dividend yield = 6%

growth rate = constant

Determine Hunda corporation's expected stock price in 7 years

stock price in 7 years

= expected year end dividend / (required return rate - dividend yield rate )

= 1.6 * (1.06)^7  / ( 0.11 - 0.06 )

= 2.4058 / 0.05 =  48.12%

9x - 3 -8x = 7 - x what is x Please answer ASAP, is urgent!!

Answers

Solve

Let's solve your equation step-by-step.

9x−3−8x=7−x

Step 1: Simplify both sides of the equation.

9x−3−8x=7−x

9x+−3+−8x=7+−x

(9x+−8x)+(−3)=−x+7(Combine Like Terms)

x+−3=−x+7

x−3=−x+7

Step 2: Add x to both sides.

x−3+x=−x+7+x

2x−3=7

Step 3: Add 3 to both sides.

2x−3+3=7+3

2x=10

Step 4: Divide both sides by 2.

2x

2

=

10

2

x=5

Answer:

x=5

Answer:

Hope this is easier, good luck.

Simplify (3n - 2m)^2 = Can someone break this down for me? I don't understand why I'm having issues with this.

Answers

Answer:

9n² - 12mn + 4m²

Step-by-step explanation:

(a+b)² = a² + 2ab + b²

(3n - 2m )² = (3n-2m)(3n-2m) = 3n*3n + 3n*-2m -2m*3n - 2m*-2m

= 9n² - 6nm -6mn + 4m²

= 9n² - 12mn + 4n²

Answer:

Once you simplify the given expression, your answer will be 9n² - 12mn + 4m

Step-by-step explanation:

In this problem, we are given an expression.

(3n - 2m)²

when an expression or equation is raised to the power of 2, then you are going to multiply the base term by itself. For example, if you have 2² or 16², then would you do 2 × 2 and 16 × 16 in order to solve the expressions. We will do the same for this expression.

(3n - 2m)² = (3n - 2m) × (3n - 2m)

We will use the foil method to solve this expression

(3n - 2m)(3n - 2m)

9n² - 6mn - 6mn + 4m

Combine like terms together.

9n² - 12mn + 4m

So, the simplified form of the expression is 9n² - 12mn + 4m

Height of a tree increases by 2.5 feet each growing season. Quadratic, linear or exponential?

Answers

Answer:

Linear

Step-by-step explanation:

Given

Height of a tree grows by 2.5 feet

Required

Determine the type of relationship

Take for instance, the height of the tree at year 1 is x

At year 2, it will be x + 2 * 1

At year 3, it will be x + 2 * 2

At year 4, it will be x + 2 * 3

Following same pattern

At year n, it will be x + 2 *(n - 1)

Hence, growth rate = x + 2(n -1)

From the list of given options, the correct answer is Linear because the derived formula above is an example of a linear equation

Solve the equation using square roots x^2+20=4

Answers

Answer:

Step-by-step explanation:

x^2+20=4 first isolate the variable by subtracting 20 on both sides.

x^2=-16 again isolate the variable but this time you square root both sides.

[tex]\sqrt{x}^2[/tex]=[tex]\sqrt{-16[/tex] then simplify

x= ±4

Help please!!! Thank you

Answers

Answer:

B: 54

Step-by-step explanation:

for the first digit: 1 or 3 (2 choices)

for the second digit: 0, 1, or 3 (3 choices)

for the third digit: 0, 1, or 3 (3 choices)

for the forth digit: 0, 1, or 3 (3 choices)

2×3×3×3=54

Answer:

B) 54

Step-by-step explanation:

There are 3 numbers, but in the fourth positon (tens of thousands) if i put the zero no give value, then, in this position only have 2 options:

2*3*3*3 = 54

What is the area, in square meters, of the shaded part of the rectangle shown below?

Answers

Answer:

C) 100 cm²

Step-by-step explanation:

(14*6)/2*10

20/2*10

10*10

100

The area of the given shaded part of the rectangle is 100 square meters as shown.

What is the area of a triangle?

The entire space filled by a triangle's three sides in a two-dimensional plane is defined as its area.

The fundamental formula for calculating the area of a triangle is A = 1/2 b h.

The area of the shaded part = area of the rectangle -  area of the triangle

The area of the shaded part = 14 × 10 - (1/2) × 8 × 10

The area of the shaded part = 140 - 80/2

The area of the shaded part = 140 - 40

Apply the subtraction operation, and we get

The area of the shaded part = 100 meters²

Thus, the area of the given shaded part of the rectangle is 100 square meters.

Learn more about the triangles here:

https://brainly.com/question/17997149

#SPJ3

This test statistic leads to a decision to...

reject the null

accept the null

fail to reject the null



As such, the final conclusion is that...

There is sufficient evidence to warrant rejection of the claim that the population mean is not equal to 88.9.

There is not sufficient evidence to warrant rejection of the claim that the population mean is not equal to 88.9.

The sample data support the claim that the population mean is not equal to 88.9.

There is not sufficient sample evidence to support the claim that the population mean is not equal to 88.9.

Answers

Answer:

There is not sufficient sample evidence to support the claim that the population mean is not equal to 88.9.

Step-by-step explanation:

We are given the following hypothesis below;

Let [tex]\mu[/tex] = population mean.

So, Null Hypothesis, [tex]H_0[/tex] : [tex]\mu[/tex] = 88.9      {means that the population mean is equal to 88.9}

Alternate Hypothesis, [tex]H_A[/tex] : [tex]\mu\neq[/tex] 88.9     {means that the population mean is different from 88.9}

The test statistics that will be used here is One-sample t-test statistics because we don't know about population standard deviation;

                             T.S.  =  [tex]\frac{\bar X-\mu}{\frac{s}{\sqrt{n} } }[/tex]  ~  [tex]t_n_-_1[/tex]

where, [tex]\bar X[/tex] = sample mean = 81.3

             s = sample standard deviation = 13.4

            n = sample size = 7

So, the test statistics =  [tex]\frac{81.3-88.9}{\frac{13.4}{\sqrt{7} } }[/tex]   ~ [tex]t_6[/tex]

                                     =  -1.501

The value of t-test statistics is -1.501.

Also, the P-value of the test statistics is given by;

                    P-value = P([tex]t_6[/tex] < -1.501) = 0.094

Since the P-value of our test statistics is more than the level of significance as 0.094 > 0.01, so we have insufficient evidence to reject our null hypothesis as the test statistics will not fall in the rejection region.

Therefore, we conclude that the population mean is equal to 88.9.

It cost Evan $17.70 to send 177 text messages. How many text messages did he send if he spent $19.10

Answers

Answer:

191

Step-by-step explanation:

17.70---- 177

19.10-----191

First just take 177/17.70= 10

all you have to do is multiply by 10

so

19.10= 191

The number of text messages he can send with $19.10 is 191 messages

solve using ratio

let

x = number of text messages he can send with $19.10

cost of messages : number of messages

$17.70 : 177 = $19.10 : x

17.70 / 177 = 19.10 / x

cross product

17.70 × x = 177 × 19.10

17.70x = 3380.7

divide both sides by 17.70

x = 3380.7 / 17.70

x = 191 messages.

Therefore, number of text messages he can send with $19.10 is 191 messages

Read more:

https://brainly.com/question/24425126

While walking from the car into your dormitory you dropped your engagement ring somewhere in the snow. The path is 30 feet long. You are distraught because the density of its location seems to be constant along this 30-foot route. a) What is the probability that the ring is within 12 feet of your car

Answers

Answer:

0.4

Step-by-step explanation:

we are required to find the probability that the ring is within 12 meters from nthe car.

we start by defining a random variable x to be the distance from the car. the car is the starting point.

x follows a normal distribution (0,30)

[tex]f(x)=\frac{1}{30}[/tex]

[tex]0<x<30[/tex]

probabilty of x ≤ 12

= [tex]\int\limits^a_ b{\frac{1}{30} } \, dx[/tex]

a = 12

b = 0

[tex]\frac{1}{30} *(12-0)[/tex]

[tex]\frac{12}{30} = 0.4[/tex]

therefore 0.4 is the probability that the ring is within 12 feet of your car.

10) An amount of $1500.00 is invested for 3 years at rate of 2% for the first year and 5%, for
the 2nd year and 6% for the 3rd year.
a) Calculate the interest amount you will get if this is simple interest?
b) How much more or less you will get if this is compound interest?

Answers

Answer:

the interest is 195dollars

Ajar contains 4 red marbles numbered 1 to 4 and 10 blue marbles numbered 1 to 10. A marble is

drawn at random from the jar. Find the probability of the given event.

(a) The marble is red

Your answer is:

(b) The marble is odd-numbered

Your answer is:

(C) The marble is red or odd-numbered

Your answer is:

(d) The marble is blue or even-numbered

Your answer is:

Question Help M Message instructor

Answers

Answer:

a)2/7

b)1/2

c)9/14

d)6/7

Step-by-step explanation:

The jar contains 4 red marbles, numbered 1 to 4 which means

Red marbles = (R1) , (R2) , (R3) , (R4)

It also contains 10 blue marbles numbered 1 to 10 which means

Blue marbles = (B1) , (B2) , (B3) , (B4) , (B5) , (B6) , (B7) , (B8) , (B9) , (B10) .

We can calculate total marbles = 4red +10 blues

=14marbled

Therefore, total marbles= 14

The marbles that has even number = (R2) , (R4) ,(B2) , (B4) , (B6) , (B8) , (B10) =7

Total number of Blue marbles = 10

Blue and even marbles = 5

(a) The marble is red

P(The marble is red)=total number of red marbles/Total number of marbles

=4/14

=2/7

(b) The marble is odd-numbered

Blue marbles with odd number= (B1) , (B3) , (B5) , (B7) , (B9) ,

Red marbles with odd number = (R1) , (R3)

Number of odd numbered =(5+2)=7

P(marble is odd-numbered )= Number of odd numbered/ Total number of marbles

P(marble is odd-numbered )=7/14

=1/2

(C) The marble is red or odd-numbered?

Total number of red marbles = 14

Number of red and odd marbles = 2

The marbles that has odd number = (R1) , (R3) ,(B1) , (B3) , (B5) , (B7) , (B9) =7

n(red or even )= n(red) + n(odd)- n(red and odd)

=4+7-2

=9

P(red or odd numbered)= (number of red or odd)/(total number of the marble)

= 9/14

(d) The marble is blue or even-numbered?

Number of Blue and even marbles = 5

Total number of Blue marbles = 10

Number of blue that are even= 5

The marbles that has even number = (R2) , (R4) ,(B2) , (B4) , (B6) , (B8) , (B10)

=7

n(Blue or even )= n(Blue) + n(even)- n(Blue and even)

= 10+7-5 =12

Now , the probability the marble is blue or even numbered can be calculated as

P(blue or even numbered)= (number of Blue or even)/(total number of the marble)

= 12/14

= 6/7

Determine the present value P that must be invested to have the future value A at simple interest rate r after time t.
A = $8000.00, r = 10.5%, t = 9 months
$
(Round up to the nearest cent as needed.)

Answers

Answer:

$7,415.99

Step-by-step explanation:

Hello, please consider the following.

[tex]P\cdot (1+\dfrac{10.5\%\cdot 9}{12})=A = 8000 \\\\P = \dfrac{8000}{(1+\dfrac{31.5}{400})}=\dfrac{8000}{1.07875}\\\\=7415.990730...[/tex]

So it gives $7,415.99

Thank you.

Finding the perimeter or area of a rectangle given one of th
The length of a rectangle six times its width.
If the area of the rectangle is 150 cm”, find its perimeter.

Answers

Answer:

The answer is 70cm

Step-by-step explanation:

Perimeter of a rectangle = 2l + 2w

Area of a rectangle = l × w

where

l is the length

w is the width

From the question

The length of a rectangle six times its width which is written as

l = 6w

Area = 150cm²

Substitute these values into the formula for finding the area

That's

150 = 6w²

Divide both sides by 6

w² = 25

Find the square root of both sides

width = 5cm

Substitute this value into l = 6w

That's

l = 6(5)

length = 30cm

So the perimeter of the rectangle is

2(30) + 2(5)

= 60 + 10

= 70cm

Hope this helps you

2000 people attended a baseball game. 1300 of the people attending supported the home team, while 700 supported the visiting team. What percentage of people attending supported the home team?

Answers

Answer:

Percentage of home team supporters =65%

Percentage of visiting team supporters =35%

Step-by-step explanation:

Total attendees=2,000 people

Home team supporters=1,300

Visiting team supporters=700

What percentage of people attending supported the home team?

Percentage of people attending who supported the home team = home team supporters / total attendees × 100

=1,300/2,000 × 100

=0.65 × 100

=65%

Visiting team supporters = visiting team supporters / total attendees

× 100

=700/2000 × 100

=0.35 × 100

=35%

Alternatively,

Visiting team supporters = percentage of total attendees - percentage of home team supporters

=100% - 65%

=35%

How to convert 2cm to feet?

Answers

Answer:

Divide by 30.48: It would be 0.0656168 feet.

Step-by-step explanation:

Answer:

0.0656

Step-by-step explanation:

2.54 cm = 1 in

12 in = 1 ft

2.54 * 12 = 30.48

2/30.48 = 0.0656167979

Other Questions
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