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

A worker in the automobile industry works an average of 43.7 hours per week. Assume the distribution is normal with a standard deviation of 1.6 hours.


(i) What is the probability that a randomly selected automobile worker works less than 40 hours per week?


(ii) If 15 automobile workers are randomly selected, what is the probability that the sample mean of working time is more than 45 hours per week?

Answers

Answer:

The solution is:

(1) 0.0104

(2) 0.0008

Step-by-step explanation:

Given:

Mean,

[tex]\mu = 43.7[/tex]

Standard deviation,

[tex]\sigma = 1.6[/tex]

(1)

⇒ [tex]P(X<40) = P(\frac{x-\mu}{\sigma}<\frac{40-43.7}{1.6} )[/tex]

                      [tex]=P(z< - 2.3125)[/tex]

                      [tex]=P(z<-2.31)[/tex]

                      [tex]=0.0104[/tex]

(2)

As we know,

n = 15

⇒ [tex]P(\bar X > 45)= P(\frac{\bar x - \mu}{\frac{\sigma}{\sqrt{n} } } >\frac{45-43.7}{\frac{1.6}{\sqrt{15} } } )[/tex]

                      [tex]=P(z> 3.15)[/tex]

                      [tex]=1-P(z<3.15)[/tex]

                      [tex]=1-0.9992[/tex]

                      [tex]=0.0008[/tex]

The physical plant at the main campus of a large state university recieves daily requests to replace fluorescent lightbulbs. The distribution of the number of daily requests is bell-shaped and has a mean of 45 and a standard deviation of 3. Using the empirical rule, what is the approximate percentage of lightbulb replacement requests numbering between 42 and 45?

Do not enter the percent symbol.
ans = %

Answers

Answer:

34%

Step-by-step explanation:

Given that the distribution of daily light bulb request replacement is approximately bell shaped with ;

Mean , μ = 45 ; standard deviation, σ = 3

Using the empirical formula where ;

68% of the distribution is within 1 standard deviation from the mean ;

95% of the distribution is within 2 standard deviation from the mean

Lightbulb replacement numbering between ;

42 and 45

Number of standard deviations from the mean /

Z = (x - μ) / σ

(x - μ) / σ < Z < (x - μ) / σ

(42 - 45) / 3 = -1

This lies between - 1 standard deviation a d the mean :

Hence, the approximate percentage is : 68% / 2 = 34%

To study the mean respiratory rate of all people in his state, Frank samples the population by dividing the residents by towns and randomly selecting 12 of the towns. He then collects data from all the residents in the selected towns. Which type of sampling is used

Answers

Answer:

Cluster Sampling

Step-by-step explanation:

Cluster Sampling involves the random sampling of observation or subjects, which are subsets of a population. Cluster analysis involves the initial division of population subjects into a number of groups called clusters . From the divided groups or clusters , a number of groups is then selected and it's elements sampled randomly. In the scenario above, the divison of the population into towns where each town is a cluster. Then, the selected clusters (12) which are randomly chosen are analysed.

Find the first six terms of the sequence.
a1=- 6, an= 4 • an-1

Answers

Answer:

I think it's 3

Step-by-step explanation:

because an=4 and the question is

an-1

=4-1

=3

find the supplement of 158 degrees and 17 minutes

Answers

Answer:

supplement of 158 degree

x+158=180

x=180-158

x=22 degree.

Step-by-step explanation:


A ray of light passing from air through an equilateral glass prism undergoes minimum
deviation, when the angle of incidence is 3/4th of the angle of prism. If the speed of light
in air is 3x10^8m/s, calculate the speed of light in the prism?

Answers

Answer: 45° and speed of light in prism 2×10⁸m/s

Step-by-step explanation:

The minimum deviation of the equilateral glass prism will form 60° angle.

So angle of incidence = 3/4×60

= 3 ×15

= 45°

Minimum deviation = δmin

= 30

After finding the value of μ using prism law

μ = 1.41

Speed of light will be 2×10⁸m/s

Must click thanks and mark brainliest


Need help ASAP no links pls

Answers

Answer:

y = 6

I hope this helps you out!

Five trucks are to be transported on a ship. Each one weighs 3200 kg and comes
with 8 tyres which weigh 125 kg each. what is the total weight

Answers

Total No of trucks: 5

Weight of trucks: 3200Kg

Total weight of trucks: 3200×5

= 16000kg

Total no of tyres = 5 ×8

= 40

Weight of each tyre = 125kg

Total weight of tyres = 125 × 40

= 5000Kg

The total weight of trucks and tyres: 16000 + 5000

= 21000Kg

Answered by Gauthmath must click thanks and mark brainliest

equation that passes 1,3 and slope of 2 in point slope form

Answers

Answer:

y-3 = 2(x-1)

Step-by-step explanation:

Point slope form is

y-y1 = m(x-x1)

where m is the slope and (x1,y1) is a point on the line

y-3 = 2(x-1)

Answer:

3=2x+1

Step-by-step explanation:

Use the equation y=mx+b

where y is the y component, x is the variable and b is the x intercept

Devy likes to learn! Could someone please tell me how to answer this question?

If f(x) and g(x) are inverse functions of each other, which of the following shows the graph of f(g(x))?

On a coordinate plane, a straight line has a positive slope and goes through (negative 2, negative 1), (0, 0), and (4, 2).

On a coordinate plane, a straight line has a positive slope and goes through (negative 3, negative 3), (0, 0), and (3, 3).

On a coordinate plane, a straight line has a negative slope and goes through (negative 4, 2), (0, 0), and (4, negative 2).

On a coordinate plane, a straight line has a negative slope and goes through (negative 3, 3), (0, 0), (3, negative 3).

Answers

Answer:

B

Step-by-step explanation:

Recall that if two functions, f and g, are inverses, then by definition:

[tex]\displaystyle f(g(x)) = g(f(x)) = x[/tex]

Hence, the graph of f(g(x)) should be simply y = x.

Therefore, our answer is B, as both coordinates are equivalent for all three points.

A triangle is rotated 90° about the origin. Which rule describes the transformation?
(x, y) (-x, -y)
O(x,y) (-y, x)
(x, y) (-), -x)
(x,y) →ly, -x)

Answers

Answer:

(x,y) -> (-y,x), second option.

Step-by-step explanation:

Rotation of 90 degrees about the origin:

The rule for a rotation of a point (x,y) 90 degrees about the origin is given by:

(x,y) -> (-y,x)

This is that the question asks, and so, this is the answer, which is the second option.

An adult can lose or gain two pounds of water ina course of a day. Assume that the changes in water weight isuniformly distributed between minus two and plus two pounds in aday. What is the standard deviation of your weight over a day?

Answers

Answer:

The standard deviation of your weight over a day is of 1.1547 pounds.

Step-by-step explanation:

Uniform probability distribution:

An uniform distribution has two bounds, a and b, and the standard deviation is:

[tex]S = \sqrt{\frac{(b-a)^2}{12}}[/tex]

Assume that the changes in water weight is uniformly distributed between minus two and plus two pounds in a day.

This means that [tex]a = -2, b = 2[/tex]

What is the standard deviation of your weight over a day?

[tex]S = \sqrt{\frac{(2 - (-2))^2}{12}} = \sqrt{\frac{4^2}{12}} = \sqrt{\frac{16}{12}} = 1.1547[/tex]

The standard deviation of your weight over a day is of 1.1547 pounds.

Please answer ASAP will be greatly appreciated!!

Answers

I also don’t know lol

Write the sum using summation notation, assuming the suggested pattern continues. 6, -18, 54, -162, +… Is this sequence arithmetic or geometric? Explain your answer.

Answers

Answer:

Hello,

This sequence is geometric with a ratio of -3

the first term is 6

Step-by-step explanation:

[tex]u_1=6\\u_2=-18=6*(-3)=u_1*(-3)\\u_3=54=-18*(-3)=u_2*(-3)=u_1*(-3)^2\\u_4=-162=u_3*(-3)=u_1*(-3)^3\\\\...\\u_{n+1}=u_1*(-3)^n\\\\\displaystyle \sum\limits^\infty _{i=1}u_i = \lim_{n \to \infty} \sum\limits^n _{i=1}u_1*(-3)^{i-1}\\=6*\lim_{n \to \infty} \sum\limits^\infty _{i=1}(-3)^{i-1}\\=6*\frac{1-(-3)^n}{1-(-3)} \\=\dfrac{3}{2} *({1-(-3)^n)\\[/tex]

serie does not converge.

Look at photo and answer.

Answers

Answer:

h.

[tex] \frac{9 {x}^{10}(y. {x}^{3}) {}^{2} }{y.x(3 {x}^{3}) {}^{3} } \\ \\ = \frac{9 {x}^{10}(y {}^{2} )( {x}^{6} ) }{3y. {x}^{10} } \\ \\ = \frac{ {3}^{2} {x}^{16} {y}^{2} }{3y {x}^{10} } \\ \\ = 3y {x}^{6} [/tex]

j.

[tex] \frac{(3x. {y}^{7} ) {}^{2}. {x}^{5} }{3 {x}^{7} {y}^{4} } \\ \\ = \frac{3 {x}^{2} . {y}^{14} . {x}^{5} }{3 {x}^{7} {y}^{4} } \\ \\ = \frac{ {3x}^{7} {y}^{14} }{3 {x}^{7} {y}^{4} } \\ \\ = {y}^{10} [/tex]

A rectangular prism has volume 1,088 ft3 and height 8 ft. What is the area of the base of the prism?
a. 146 ft2
c. 136 ft2
b. 1,080 ft2
d. 1,096 ft2​

Answers

Height=8ftVolume=1083ft^3

We know

[tex]\boxed{\sf Volume=Area\:of\:Base\times Height}[/tex]

[tex]\\ \sf\longmapsto Area\:of\:Base=\dfrac{Volume}{Height}[/tex]

[tex]\\ \sf\longmapsto Area\:of\:Base=\dfrac{1088}{8}[/tex]

[tex]\\ \sf\longmapsto Area\;of\:base=136ft^2[/tex]

A sequence is defined by the recursive function f(n + 1) = f(n) – 2.

If f(1) = 10, what is f(3)?

1
6
8
30

Answers

Answer:

f(3) = 6

Step-by-step explanation:

If f(1)=10, then f(1+1)=f(1)-2

f (2) = 10 - 2 = 8

Therefore f(3) = f(2) - 2 = 8 - 2 = 6

I are these orders pairs a function
х,у
0,9
2,8.
4,7
6,6
8,5
10,4

Answers

9514 1404 393

Answer:

  yes

Step-by-step explanation:

No x-value is repeated, so these ordered pairs do represent a function.

Solve the equation for x 11x=110

Answers

Answer:

x = 10

Step-by-step explanation:

11x = 110

Divide both sides by 11

11x/11 = 110/11

x = 10

The graph shows the distribution of lengths of songs (in seconds). The distribution is approximately Normal, with a mean of 227 seconds and a standard deviation of 31 seconds.

A graph titled Song length has length (seconds) on the x-axis, going from 103 to 351 in increments of 31. The highest point of the curve is at 227.

What percentage of songs have lengths that are within 31 seconds of the mean?

34%
68%
95%
99.7%

Answers

its everything between 196 and 258 seconds (at max 31secs away from the mean). imagine straight upward lines separating this area from the rest.

34% would be way too low, 95 and above way too much.

only 68% is remotely plausible.

Which graph represents the equation x2 = 8y? On a coordinate plane, a parabola opens up. It has a vertex at (0, 0), a focus at (0, 8), and a directrix at y = negative 8. On a coordinate plane, a parabola opens up. It has a vertex at (0, 0), a focus at (0, 2), and a directrix at y = negative 2. On a coordinate plane, a parabola opens to the right. It has a vertex at (0, 0), a focus at (2, 0), and a directrix at x = negative 2. On a coordinate plane, a parabola opens to the right. It has a vertex at (0, 0), a focus at (8, 0), and a directrix at x = negative 8.

Answers

Answer:

The parabola x²=8y has,

vertex: (0,0)

focus: (0,2)

directrix: y=-2

so that option is the answer,

btw, the parabola opens up to the top and axis of symmetry is x=0

Answer:

It's A!

Step-by-step explanation:

Got it correct on my test! :)

If the volume of the expanding cube is increasing at the rate 24 cm3 / min , how fast is its surface area increasing when the surface area is 216 cm2 ?​

Answers

Answer:

16 cm^2/min

Step-by-step explanation:

dV/dt=24

V=a^3, differentiate with respect to t

dV/dt=3a^2*da/dt, a^2*da/dt=8

S=6a^2, 216=6a^2. a=6. da/dt=(8/36)

dS/dt=12*a*da/dt=12*(8/6)=16 cm^2/min

The central angle in a circle of radius 6 meters has an intercepted arc length of 10 meters. Find the measure of the angle in radians and in degrees

Answers

Answer:

The central angle is 5/3 radians or approximately 95.4930°.

Step-by-step explanation:

Recall that arc-length is given by the formula:

[tex]\displaystyle s = r\theta[/tex]

Where s is the arc-length, r is the radius of the circle, and θ is the measure of the central angle, in radians.

Since the intercepted arc-length is 10 meters and the radius is 6 meters:

[tex]\displaystyle (10) = (6)\theta[/tex]

Solve for θ:

[tex]\displaystyle \theta = \frac{5}{3}\text{ rad}[/tex]

The central angle measures 5/3 radians.

Recall that to convert from radians to degrees, we can multiply by 180°/π. Hence:

[tex]\displaystyle \frac{5\text{ rad}}{3} \cdot \frac{180^\circ}{\pi \text{ rad}} = \frac{300}{\pi}^\circ\approx 95.4930^\circ[/tex]

So, the central angle is approximately 95.4930°

Both before and after a recent earthquake, surveys were conducted asking voters which of the three candidates they planned on voting for in the upcoming city council election. Has there been a change since the earthquake? Use a level of significance of 0.05. Table shows the results of the survey. Has there been a change in the distribution of voter preferences since the earthquake?
Peter Alan Sui
Before 1838 418 1475
After 1420 329 1140
What is the chi-square test-statistic for this data?
χ2=_____.

Answers

Answer:

0.05547

Step-by-step explanation:

Given :

_____Peter __ Alan __ Sui__total

Before 1838 __ 418 ___1475 _3731

After _ 1420 __ 329 ___1140_2889

Total _3258 __ 747 __ 2615 _6620

The expected frequency = (Row total * column total) / N

N = grand total = 6620

Using calculator :

Expected values are :

1836.19 __ 421.006 __ 1473.8

1421.81 ___325.994__ 1141.2

χ² = Σ(Observed - Expected)² / Expected

χ² = (0.00177817 + 0.0214571 + 0.000974852 + 0.00229642 + 0.0277108 + 0.00125897)

χ² = 0.05547

Many freeways have service (or logo) signs that give information on attractions, camping, lodging, food, and gas services prior to off-ramps. These signs typically do not provide information on distances. An article reported that in one investigation, six sites along interstate highways where service signs are posted were selected. For each site, crash data was obtained for a three-year period before distance information was added to the service signs and for a one-year period afterward. The number of crashes per year before and after the sign changes were as follows.
Before 13 22 65 123 56 63
After 14 21 43 84 75 72
1. The article included the statement "A paired t-test was performed to determine whether there was any change in the mean number of crashes before and after the addition of distance information on the signs." Carry out such a test. (Note: The relevant normal probability plot shows a substantial linear pattern.)
a. State and test the appropriate hypotheses. (Use α = 0.05.)
b. Calculate the test statistic and P-value. (Round your test statistic to two decimal places and your P-value to three decimal places.)
t = _____
p-value = _____
c. State the conclusion in the problem context.
A. Fail to reject H0. The data does not suggest a significant mean difference in the average number of accidents after information was added to road signs.
B. Reject H0. The data suggests a significant mean difference in the average number of accidents after information was added to road signs.
C. Fail to reject H0. The data suggests a significant mean difference in the average number of accidents after information was added to road signs.
D. Reject H0. The data does not suggest a significant mean difference in the average number of accidents after information was added to road signs.
2. If a seventh site were to be randomly selected among locations bearing service signs, between what values would you predict the difference in the number of crashes to lie? (Use a 95% prediction interval. Round your answers to two decimal places.)

Answers

Answer:

Test statistic = 0.63

Pvalue = 0.555

A. Fail to reject H0. The data does not suggest a significant mean difference in the average number of accidents after information was added to road signs.

Step-by-step explanation:

Given :

Before 13 22 65 123 56 63

After_ 14 21 43 84 75 72

To perform a paired t test :

H0 : μd = 0

H1 : μd ≠ 0

We obtain the difference between the two dependent sample readings ;

Difference, d = -1, 1, 22, 39, -19, -9

The mean of difference, Xd = Σd/ n = 33/6 = 5.5

The standard deviation, Sd = 21.296 (calculator).

The test statistic :

T = Xd ÷ (Sd/√n) ; where n = 6

T = 5.5 ÷ (21.296/√6)

T = 5.5 ÷ 8.6940555

T = 0.6326

The Pvalue : Using a Pvalue calculator ;

df = n - 1 = 6 - 1 = 5

Pvalue(0.6326, 5) = 0.5548

Decision region :

Reject H0 ; If Pvalue < α; α = 0.05

Since 0.5548 > 0.05 ; we fail to reject the Null and conclude that the data does not suggest a significant mean difference in the average number of accidents after information was added to road signs.

If p=(3/4)and q=(1/2)find p-2q​

Answers

Answer:

[tex]p - 2q \\ \frac{3}{4} - 2( \frac{1}{2} ) \\ = \frac{3}{4} - \frac{2}{2} \\ = \frac{3}{4} - 1 \\ = \frac{3 - 4}{4} \\ = \frac{ - 1}{4} \\ = - 0.25[/tex]

I hope I helped you^_^

Solve each system by graphing.

Answers

Answer:

(2,-1)

Step-by-step explanation:

Solved using math.

Answer:

The solution is (2, -1) to show this by graphing do y = -1 by making a straight horizontal line at (0,-1) . And then for the other equation make a line where it starts at (0,4) and passes point (2,-1). Just plot those two points and connect them and you'll have made the line.

Step-by-step explanation:

Suppose g(x) = f( x +2) - 3. Which statement best compares the graph of g(x) with the graph of f(x)? A. The graph of g(x) is shifted 2 units left and 3 units up. B. The graph of g(x) is shifted 2 units right and 3 units down. C. The graph of g(x) is shifted 2 units left and 3 units down. D. The graph of g(x) is shifted 2 units right and 3 units up.

Answers

Given:

The function is:

[tex]g(x)=f(x+2)-3[/tex]

To find:

The statement that best compares the graph of g(x) with the graph of f(x).

Solution:

The transformation is defined as

[tex]g(x)=f(x+a)+b[/tex]                .... (i)

Where, a is horizontal shift and b is vertical shift.

If a>0, then the graph shifts a units left and if a<0, then the graph shifts a units right.

If b>0, then the graph shifts b units up and if b<0, then the graph shifts b units down.

We have,

[tex]g(x)=f(x+2)-3[/tex]               ...(ii)

On comparing (i) and (ii), we get

[tex]a=2[/tex]

[tex]b=-3[/tex]

Therefore, the graph of g(x) is shifted 2 units left and 3 units down.

Hence, the correct option is C.

What is the volume of a cone with a height of 6m and a diameter of 12m? Nearest meter.

Answers

Answer:

0.0005m^3

Step-by-step explanation:

V=1/3hπr²

h=6m

d=12m

r=12÷2=6m

V=1/3×6×(3.14)×36

V=1/2034.72

V=0.0005m^3

pls help! I need the answer quickly! thank you!

Answers

Answer:

C) 82/2

Step-by-step explanation:

The area of a square is calculated by multiplying a side by itself

so one side of the square is 9 in

the area of a triangle is calculated by multiplying height and base and that divided by 2

since E is the midpoint, if we draw a line show the height from there

the height would be 9

9*9/2 = 82/2

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