A financial analyst wanted to estimate the mean annual return on mutual funds. A random sample of 60 funds' returns shows an average rate of 12%. If the population standard deviation is assumed to be 4%, the 95% confidence interval estimate for the annual return on all mutual funds is
A. 0.037773 to 0.202227
B. 3.7773% to 20.2227%
C. 59.98786% to 61.01214%
D. 51.7773% to 68.2227%
E. 10.988% to 13.012%
Answer: E. 10.988% to 13.012%
Step-by-step explanation:
Given;
Mean x= 12%
Standard deviation r = 4%
Number of samples tested n = 60
Confidence interval is 95%
Z' = t(0.025)= 1.96
Confidence interval = x +/- Z'(r/√n)
= 12% +/- 1.96(4%/√60)
= 12% +/- 0.01214%
Confidence interval= (10.988% to 13.012%)
Answer:
16 ride tickets.
Step-by-step explanation:
The original entry fee is $4 so you can subtract that from 12. Now you have $8. So you would double 8 since $0.50 is half of $1. 8x2 is 16.
Answer:
$20,736
Step-by-step explanation:
When these kind of advertisements are displayed,, it means the EMI cost per month shall be $288.
Since it provides the time period, that is 72 months,
Total cost of car in this case shall be $288 
72 months = $20,736
Also, these include an interest factor, but overall it is = $20,736 only,
If one down payment for full price of the car is made the cost shall reduce by the interest amount, but since no interest rate is provided it shall be ignored.
