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LekaFEV [45]
1 year ago
12

A survey of pet owners found that on average, they spend $1,225 annually per pet, with a standard deviation of $275. between whi

ch two amounts would you expect 95% of the survey’s respondents to spend annually per pet if the sample is approximately normal and comes from a normally distributed population?
Business
1 answer:
Alla [95]1 year ago
5 0

Based on the sample being normal, 95% of the survey's respondents will fall within $675 and $1,775.

<h3>Where will 95% of the respondents fall?</h3>

A 95% interval has a z value of 1.96.

The confidence interval would be:

= Sample mean ± z x (Standard deviation / √sample)

= 1,225 + 1.96 x (275 / √1)

= $1,764

= 1,225 - 1.96 x (275 / √1)

= $686

The closest figures from the options are $675 and $1,775.

Options for this question include:

  • $675 and $1,500
  • $675 and $1,775
  • $950 and $1,500
  • $950 and $1,775

Find out more on 95% confidence intervals at brainly.com/question/16974109.

#SPJ1

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Answer:

Employability.

Ethics.

Systems.

Teamwork.

Career development.

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Information technology application.

Explanation:

3 0
2 years ago
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With ________ products and services, a higher price might lead to a greater quantity sold, but only up to a certain point.
MatroZZZ [7]

With prestige goods and services, a higher price may, but not always, result in a higher sales volume.

<h3>What do economists mean by prestige goods?</h3>

Numerous products and services have prestige value, elevating the standing of their owners or users. Such items are referred to be prestige (or status, or positional) goods. These prestige products include things like jewelry, designer apparel, expensive homes and vehicles, and lavish entertainment.

<h3>Why is the demand curve for prestige items different?</h3>

Prestige goods may actually see an increase in demand as a result of price increases since customers perceive them to be more value. The demand curve slopes upward in certain circumstances.

To know more bout  Prestige products visit:

brainly.com/question/6374886

#SPJ4

8 0
11 months ago
Suppose that the populations of the United States and China both increase by 12 million people in one year. What would be the re
JulijaS [17]

Answer:

In the given year, American population grew by 4% while China's population grew by 1.2%.

Explanation:

The present problem establishes that in one year the populations of China and the United States both increased by 12 million people. But both countries have different populations: China has a population of 1 billion inhabitants, while the United States has 300 million.

To determine the percentage of population increase in each country, we must perform cross multiplications:

-U.S:

300 = 100

12 = X

(12 x 100) / 300 = X

1,200 / 300 = X

4 = X

The United States grew by population 4% in the year.

-China:

1,000 = 100

12 = X

(12 x 100) / 1,000 = X

1,200 / 1,000 = X

1.2 = X

China grew by population 1.2% in the same period of time.

8 0
3 years ago
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What are some advantages in doing Company Research during your job
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Researching the company beforehand can help you come up with an impressive response to this question while also helping you learn more about why you're interested in this position. When you spend time gathering information about the company, you'll be better prepared to answer this question.

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2 years ago
About 6 out of 10 people entering a community college need to take a refresher mathematics course. if there are 850 enteringâ st
musickatia [10]

Answer:510 students

Explanation: given that total student is 850

And Of every 10 student 6 will have to sit for a refresher math course

Hence the number that will need a refresher math course will be (850/10)*6= 510

Or better still to better understand this let's use the crossing multiplication method

of 10 student 6must do a refresher math then

Of 850 students x must do a refresher math

Cross multiplying we have

X=(850*6)/10=510 students

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3 years ago
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