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DanielleElmas [232]
1 year ago
7

A random sample has been taken from a population. A statistician, using this sample, needs to decide whether to construct a 90 p

ercent confidence interval for the population mean or a 95 percent confidence interval for the population mean. How will these intervals differ? Group of answer choices The 90 percent confidence interval will be wider than the 95 percent confidence interval. Which interval is wider will depend on whether the sample is unbiased. Which interval is wider will depend on whether a z-statistic or a t-statistic is used. Which interval is wider will depend on how large the sample is. The 90 percent confidence interval will not be as wide as the 95 percent confidence interval.
Mathematics
1 answer:
Feliz [49]1 year ago
3 0

90% confidence interval would be less than a 95% confidence interval.

Given,

A random sample has been taken from a population. A statistician, using this sample, needs to decide whether to construct a 90 percent confidence interval for the population mean or a 95 percent confidence interval for the population mean;

We have to find the difference between the intervals;

Here,

Confidence intervals are a range that depict the accuracy of the measurement. If a statistician chooses to use a 90% C I instead of a 95% C I, it informs you that you have a 10% probability of being incorrect as opposed to a 5% possibility when using the 95%.

That is, a 90% confidence interval would be less than a 95% confidence interval.

Learn more about confidence intervals here;

brainly.com/question/14702610

#SPJ4

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a person invested $6700 for one year, part at 8%, part at 10%, and the remainder at 12%. the total annual income from these inve
lukranit [14]

Answer:

The amount invested at 8% rate is $1,200

The amount invested at 10% rate is $2,000

The amount invested at 12% rate is $3,500

Step-by-step explanation:

step 1

Let

x-----> the amount invested at 8% rate

y-----> the amount invested at 10% rate

z-----> the amount invested at 12% rate

z=(x+y)+300 ----> equation A

x+y+z=6,700 ----> equation B

substitute equation A in equation B

x+y+(x+y+300)=6,700

2x+2y=6,400

x+y=3,200 -----> equation C

we know that

The simple interest formula is equal to

I=P(rt)

where

I is the Final Interest Value

P is the Principal amount of money to be invested

r is the rate of interest  

t is Number of Time Periods

in this problem we have

t=1\ year\\ P=\$6,700\\ I=\$716

substitute in the formula above

716=x(0.08)+y(0.10)+z(0.12)

substitute equation A

716=x(0.08)+y(0.10)+(x+y+300)(0.12)

716=0.08x+0.10y+0.12x+0.12y+36

716=0.20x+0.22y+36

0.20x+0.22y=680  -----> equation D

step 2

Solve the system of equations

x+y=3,200 -----> equation C

0.20x+0.22y=680  -----> equation D

Solve the system by graphing

The solution is the point (1,200,2,000)

see the attached figure

Find the value of z

z=(x+y)+300

z=(1,200+2,000)+300=3.500

therefore

The amount invested at 8% rate is $1,200

The amount invested at 10% rate is $2,000

The amount invested at 12% rate is $3,500

8 0
4 years ago
Cans someone pls give me the answer to this?
romanna [79]

Answer:the value drops 100$ every 3 years

Step-by-step explanation:

moves down 100 every three years

8 0
3 years ago
Michael obtains a 30/8 balloon mortgage to finance $425,500 at 6.55%. How much principal and interest will he have already paid
STALIN [3.7K]

Answer:

$259 532  

Step-by-step explanation:

Step 1. Calculate the monthly payments on a 30-year loan.

The formula for the monthly payment (P) on a loan of A dollars that is paid back in equal monthly payments over n months, at an annual interest rate

of r % is

P = A(\frac{r}{1-(1+r)^{-n}})

<em>Data: </em>

We must express the interest rate on a monthly basis.

i = 6.55 %/yr = 0.545 83 %/mo = 0.005 4583

A = $425 500

n = 360 mo

<em>Calculation: </em>

P = 425 500(\frac{0.005 4853}{1-(1+0.005 4583)^{-360}})

P = \frac{2332.22}{{1- {1.005 4583}}^{-360}}

P = \frac{2332.52}{1 – 0.140907}

P = \frac{2332.52}{0.859 093}

P = $2703.46

B. Total Payment (T) after 8 years

T = nP

T = 96 × 2703.46

T = $259 532

Michael will have paid $259 532 at the end of eight years.

4 0
3 years ago
Justin saves $8 every week. Which equation represents the amount of money Justin has, y, after x number of weeks? IF YOU PUT AN
salantis [7]

Answer:

C

Step-by-step explanation:

6 0
3 years ago
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saw5 [17]
The answer is 3 miles per hour
5 0
3 years ago
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