Assisted-Living Facility Rent. Costs are rising for all kinds of medical care. The mean monthly rent at assisted-living facilities was reported to have increased 17% over the last five years to $3486. Assume this cost estimate is based on a sample of 120 facilities and, from past studies, it can be assumed that the population standard deviation is .

Answers

Answer 1

Complete Question

Assisted-Living Facility Rent.Costs are rising for all kinds of medical care. The mean monthly rent at assisted-living facilities was reported to have increased 17% over the last five years to $3486 (the Wall Street Journal, October 27, 2012). Assume this cost estimate is based on a sample of 120 facilities and, from past studies, it can be assumed that the population standard deviation is s = $650. a. Develop a 90% confidence interval estimate of the population mean monthly rent.

Answer:

[tex]CI: 3388.39<X<3583.61[/tex]

Step-by-step explanation:

Sample Size n=120

Mean \=x =3486

Standard Deviation \sigma=650

Confidence interval CI=0.9

Therefore

Level of sig [tex]\alpha=0.1[/tex]

Therfore

The Critical Value from table is

Z_c=1.645

Generally the equation for Standard error is mathematically given by

[tex]S.E=\frac{\sigma}{\sqrt{n}}[/tex]

[tex]S.E=\frac{650}{\sqrt{120}}[/tex]

[tex]S.E=59.3366[/tex]

Generally the equation for Margin error is mathematically given by

[tex]M.E= = Z_c * SE[/tex]

[tex]M.E=1.65 * 59.34[/tex]

[tex]M.E= 97.61[/tex]

Therefore

[tex]CI= \=x \pm M.E[/tex]

[tex]CI= 3486 \pm 97.61[/tex]

Lower limit

[tex]LL= \=x-M.E=3486-97.6087[/tex]

[tex]LL= 3388.39[/tex]

Upper limit:

[tex]UL= \=x+E=3486+97.6087[/tex]

[tex]UL= 3583.61[/tex]

Therefore The  90% confidence interval estimate of the population mean monthly rent.

[tex]CI: 3388.39<X<3583.61[/tex]


Related Questions

What is the value of z for the equation fraction 1 over 3z = −fraction 5 over 6 + fraction 1 over 6z?

5
2
−2
−5

Answers

9514 1404 393

Answer:

  -1/5

Step-by-step explanation:

  [tex]\dfrac{1}{3z}=-\dfrac{5}{6}+\dfrac{1}{6z}\qquad\text{given}\\\\2=-5z+1\qquad\text{multiply by $6z$}\\\\1=-5z\qquad\text{subtract 1}\\\\\boxed{-\dfrac{1}{5}=z}\qquad\text{divide by $-5$}[/tex]

8. Write (2x + 1)(x - 3)(x - 2) in standard form.
2x3 - 9x2 + 6
2x3 - 9x2 + 7x + 6
O
2x3 + 7x - 9x2 + 6
O
7x + 2x3 - 9x2 + 6

Answers

Answer:

2x^3 - 9x^2 + 7x + 6

Step-by-step explanation:

(2x + 1)(x - 3)(x - 2)=2x^3 - 9x^2 + 7x + 6

If anyone can help me I will really appreciate!!

Answers

Answer:

The decimal form of the equation is y = 2.5x + 10

The equivalent fraction form is y = (5/2)x + 10 because 5/2 = 2.5

===========================================================

Explanation:

We can pick any two columns from the table to form the two points needed.

I'll pick the first two columns

(1, 12.5)

(2, 15)

Then apply the slope formula to those points

m = (y2-y1)/(x2-x1)

m = (15-12.5)/(2-1)

m = (2.5)/(1)

m = 2.5

Now use that slope with either point mentioned to find the y intercept b.

y = mx+b

12.5 = 2.5*1 + b

12.5 = 2.5 + b

12.5 - 2.5 = b

10 = b

b = 10

Or

y = mx+b

15 = 2.5*2+b

15 = 5+b

15-5 = b

10 = b

b = 10

We end up with the same b value.

We found that m = 2.5 is the slope and b = 10 is the y intercept

Therefore we go from y = mx+b to y = 2.5x + 10

This is the same as saying y = (5/2)x + 10 since 2.5 = 5/2

Due the end of the week pls help.

Answers

This problem seems like a lot when you read through it, but when you start to analyze the problem, the whole first line is extra information that we don't actually need. The part we really need to pay attention to is:

"p = qr - f, write the equation with q solved in terms of p, r, and f."

So, all we are doing here is some manipulating of the equation to get what we want. So, if p = qr - f, we can isolate the variable (q), to get p + f = qr. Now all we have to do is divide both sides by r to isolate the variable (q) even further, and we get [tex]$\frac{p+f}{r}=q$[/tex] or [tex]$r=\frac{p+f}{r}$[tex]

Below is the graph of a polynomial function with real coefficients

(a) The function f is increasing over which intervals? Choose all that apply.
D(-0, -8)
O (-5,-2) O (-8, -2) O (-2,
2) (2,5)
O (5, 0 )
?
(b) The functionfhas local maxima at which x-values? If there is more than one value,
separate them with commas.
(c) What is the sign of the leading coefficient of f?
Select One
(d) Which of the following is a possibility for the degree of f? Choose all that apply.
4
5
6

Please help if you can thank you

Answers

9514 1404 393

Answer:

  (a) (-∞, -8), (-5, -2), (2, 5)

  (b) -8, -2, 5

  (c) negative

  (d) 6

Step-by-step explanation:

(a) The function is increasing on intervals where the graph slopes upward left-to-right. Those are (-∞, -8), (-5, -2), and (2, 5).

__

(b) The local maxima are at the right end of each interval on which the function is increasing: -8, -2, 5.

__

(c) The function opens downward (∩), so has a negative leading coefficient.

__

(d) There are three local maxima and two local minima (left end of an increasing interval), so a total o 5 turning points. The degree of the polynomial is at least one more than this: 6.

Find the volume of a pyramid with a square base, where the side length of the base is 17.6 m and the height of the pyramid is 13.4 m. Round your answer to the nearest tenth of a cubic meter.

Answers

Answer:

~1383.5 meters cubed

Step-by-step explanation:

(17.6 x 17.6 x 13.4) ÷ 3 = ~1383.5

nearest number of 64653​

Answers

Answer:

is it like this

64653=65000

Answer:

là 64652/64654

Jill records the temperature outside every hour for 4 hours. She finds that the temperature dropped by the same amount each hour. After 4 hours, she finds that the temperature dropped a total of 20∘F. She writes this number sentence.
(−20)÷4=−5
What does the number sentence mean?
The total drop in temperature, −20∘F, divided by 4 hours equals −5∘F per hour. The temperature dropped 5∘F each hour.

The total number of drops, 20, divided by 4 hours equals 5 times per hour. The temperature dropped 5 times per hour.

The total number of hours, 20, divided by 4∘F equals 5 hours. The temperature dropped once every 5 hours.

The total drop in temperature, −20∘F, divided by 4∘F in the first hour, equals −5 drops. The temperature dropped 5 times.

Answers

Answer:

It is the first one, The total drop in temperature, −20∘F, divided by 4 hours equals −5∘F per hour. The temperature dropped 5∘F each hour.

Step-by-step explanation:

suppose sin(theta)=2/5, use the trig identity sin^2(theta)+cos^2(theta)=1 and the trig identity tan(theta)=sin(theta)/cos(theta) fine tan(theta) in quadrant I. round to ten-thousandth.

Answers

Answer:

tanθ ≅ 0.4364

Step-by-step explanation:

The scatterplot shows the number of bedrooms in a house and the selling price for that house.



Calculate the residual for the house with 6 bedrooms, to the nearest thousand.

The residual for the house with 6 bedrooms is ___
-30k
-26k
26k
30k

Answers

Answer:

-26k, -26,000 ; (B)

ED2021

The residual for the house with 6 bedrooms is -26k.

What is Scatterplots?

Scatterplots are the plotting of set of points on a vertical axis and an horizontal axis. The shows the correlation extent between the numbers of the observed quantities.

Given is a scatterplot showing the selling price of houses with the number of bedrooms.

Equation of the line of best fit is given as,

y = 6.3x + 4.8

Residual = Actual value - Predicted value

From the scatterplot,

Actual selling price of house with 6 bedrooms = 40 × 10,000 = 400,000

Predicted selling price for 6 bedrooms = (6.3 × 6) + 4.8

                                                                 = 42.6 × 10,000

                                                                 = 426,000

Residual = 400,000 - 426,000

              = -26,000

Hence the residual is -26k.

Learn more about Residuals and Scatterplots here :

https://brainly.com/question/27847907

#SPJ2

Which of the following numbers has the greatest value?
89 3/4
66 1/2
55 2/3
74 1/4
106 5/6

Answers

Answer:

106 5/6

Step-by-step explanation:

55 < 66 < 74 < 89 < 106

the fractions are irrelevant because the whole numbers are all different

The greatest of the numbers will be 106 5/6 since 106 is greater than the rest of the integers present in the mixed fractions.

Finding greatest value in a sequence

The greatest value is the highest value in a given set of number.

Given the following numbers

89 3/4

66 1/2

55 2/3

74 1/4

106 5/6

The greatest of the numbers will be 106 5/6 since 106 is greater than the rest of the integers present in the mixed fractions.

Learn more on mixed fractions here: https://brainly.com/question/414559

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Find the equation of the line using the point-slope formula. Write the final equation using the slope-intercept form.
perpendicular to
7y = x − 4
and passes through the point
(−2, 1)

Answers

Answer:

[tex]y = -7x -13[/tex]

Step-by-step explanation:

Given

Perpendicular to

[tex]7y = x -4[/tex]

Passes through

[tex](-2,1)[/tex]

Required

The equation

First, we calculate the slope of:

[tex]7y = x -4[/tex]

Divide through by 7

[tex]y = \frac{1}{7}x - \frac{4}{7}[/tex]

A linear function is:

[tex]y=mx + c[/tex]

Where;

[tex]m \to slope[/tex]

So:

[tex]m = \frac{1}{7}[/tex]

For the perpendicular line; the slope is:

[tex]m_2 = -\frac{1}{m}[/tex]

So, we have:

[tex]m_2 = -\frac{1}{1/7}[/tex]

[tex]m_2 = -7[/tex]

The equation is:

[tex]y = m(x - x_1) + y_1[/tex]

So, we have:

[tex]y = -7(x - -2) + 1[/tex]

[tex]y = -7(x +2) + 1[/tex]

Open bracket

[tex]y = -7x -14 + 1[/tex]

[tex]y = -7x -13[/tex]

Which is a factor of: 2x^2 - 4x – 6?


I don’t understand how u get it in this form of an answer

Answers

Answer:

A

Step-by-step explanation:

2x^2-6x+2x-6=2x(x-3)+2(x-3)=(2x+2)(x-3).

2/4= 4-2 true or false

Answers

Answer:

= Answer is false

Step-by-step explanation:

False is the ans

Point g is located at (3,6) on the coordinate plane. Point G is reflected over the x-axis to create point G'. Point G' is then reflected over the y-axis to create point G''. What ordered pair describes the location of G''.

Answers

-Answer:

(-3. -6)

Step-by-step explanation:

G (3,6)

x axis reflect

G' (3, -6)

y axis reflect

G'' (-3. -6)

Please i need to find the era bounded by the following curves

Answers

Answer:

10 2/3 or 32/ 3

Step-by-step explanation:

5 - x^2 - (2 - 2x) =

= -x^2 + 2x + 3

Integral of (-x^2 + 2x + 3)dx from -1 to 3 =

= -x^3/3 + 2x^2/2 + 3x from -1 to 3

= -x^3/3 + x^2 + 3x from -1 to 3

= -27/3 + 9 + 9 - (1/3 + 1 - 3)

= -9 + 9 + 9 - 1/3 - 1 + 3

= 11 - 1/3

= 10 2/3 = 32/3

Answer:

32/3

Step-by-step explanation:

Check the pdf :)

Emily, Yani and Joyce have a total of 3209 stickers. Yani has 2 times
as many stickers as Joyce. Emily has 279 more stickers than Yani. How
many more stickers does Emily have than Joyce?

Answers

Answer:

279+x

Step-by-step explanation:

Emily + Yani + Joyce=3209 stickers

if Yani has 2 times as many stickers as Joyce:this statement states that Joyce has x stickers and Yani has 2x stickers because x multiplied by 2

"Emily has 279 more stickers than Yani":therefore the equation for Emily will be ;279+2x

how many stickers does Emily have than Joyce:

(279+2x)-(x)

279+2x-x

=279+x

WILL GIVE BRAINLIEST ASAP

Answers

Answer:

Step-by-step explanation:

Rosa brought d drawings to an art show. After selling 15 of them, she had 38
left. Identify the equation that represents this situation and the correct
solution

Answers

Answer:

38= d - 15

Step-by-step explanation:

A park is 5 miles east of Roxana's home. A library is 4 miles north of the park. How far is Roxana's home from the library? ​

Answers

Answer: 9 miles I think but I dont know where her house is exactly.

Identify the decimals labeled with the letters A B and a C

Answers

Answer:

A=3.1

B=4.2

C=2.7

Step-by-step explanation:

look at the image to see the question

Answers

9514 1404 393

Answer:

  1385.4 yd³

Step-by-step explanation:

The formula for the volume of a cylinder is ...

  V = πr²h . . . . radius r and height h

For the given radius and height, the volume is ...

  V = π(7 yd)²(9 yd) = 441π yd³ ≈ 1385.4 yd³

(100 points) Select the correct answer.

Danny's 7 friends contributed an equal amount of money to buy him a birthday present. The present cost $84. How much money did each friend contribute?

A. 12

B. 36

C. 48

D. 84

Answers

7 friend -> 84 dollars
1 friend -> ?

84/7 = answer

Answer = 12

A) 12
Cost of present=84Total friends=7

Contribution per head

84/712

Option A

Answer the question given above

Answers

Answer:

See explanation

Step-by-step explanation:

This is how you are suppoussed to solve it:

Measure each and every side of the rectangle with a ruler and add it. This would be your perimeter

This cannot be solved unless the page is infront of us.

4. The rectangle shown below has been broken into four smaller rectangles. The area of three of the smaller
rectangles are shown in the diagram. Find the area of the fourth rectangle and justify your answer. [Think about
shared dimensions.]

Answers

Answer:

Step-by-step explanation:

Need the diagram for reference in order to answer...........

a cycle travel 1st km at therateof 10 km per hour the second km at the rate of 3 per hour and third at therate of 6 km.find the average speed of cyclea cycle travel 1st km at therateof 10 km per hour the second km at the rate of 3 per hour ​

Answers

Answer:

18 kilometers 120 kilometers

Malek sets out for a hike at 8.00 am and returns at 17:15.
How long was Malek hiking for?
hours and
minutes

Answers

Answer:

9 hours and 15 mins

Step-by-step explanation:

17 - 8 (time calculation)

Hi I need help with part c please and thank you so much if you can do so

Answers

For the hole in one pythagores theorem would work because a right angled triangle eill be formed and hole in one would be the hypotenuse which can be found using the theorem.

b²+p² = h²

Answered by Gauthmath must click thanks and mark brainliest

Help pleaseeeeeeeeeeeeeeeee

Answers

Answer:

D(- 1) = 2

Step-by-step explanation:

To evaluate D(- 1), substitute x = - 1 into D(x) , that is

D(- 1) = (- 1)² - 2(- 1) - 1 = 1 + 2 - 1 = 2

A chocolate chip cookie manufacturing company recorded the number of chocolate chips in a sample of 60 cookies. The mean is 22.36 and the standard deviation is2.97 . Construct a ​80% confidence interval estimate of the standard deviation of the numbers of chocolate chips in all such cookies.

Answers

Answer:

2.665 < σ < 3.379

Step-by-step explanation:

Given :

s = 2.97

Sample size, n = 60

α = 80%

χ² Critical value (two - tailed), df = (60-1) = 59

χ² = 45.577 ; χ² = 73.279

The 80% confidence interval for the standard deviation :

s * √(n - 1) / χ² critical

2.97 * √(60 - 1) / 73.279 < σ < 2.97 * √(60 - 1) / 45.577

2.665 < σ < 3.379

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