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34kurt
2 years ago
8

You purchase a lottery ticket for $2 from a grocery store. There are a total of 100,000 tickets in circulation. The grand prize

is $10,000. What are your expected winnings? A. $0.10 B. $1.00 C. $2.00 D. $20
Mathematics
1 answer:
FrozenT [24]2 years ago
8 0
I'm pretty sure its B but I would double check before you put the answer in :)
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Determine the sample size needed to construct a 90% confidence interval to estimate the population proportion when p = 0.65 and
WINSTONCH [101]

Answer:

n=170

Step-by-step explanation:

1) Notation and definitions

n random sample taken (variable of interest)

\hat p=0.65 estimated proportion.

p true population

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".  

The margin of error is the range of values below and above the sample statistic in a confidence interval.  

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".  

The population proportion have the following distribution

p \sim N(p,\sqrt{\frac{\hat p(1-\hat p)}{n}})

In order to find the critical value we need to take in count that we are finding the interval for a proportion, so on this case we need to use the z distribution. Since our interval is at 90% of confidence, our significance level would be given by \alpha=1-0.90=0.1 and \alpha/2 =0.05. And the critical value would be given by:

z_{\alpha/2}=\pm 1.64

The margin of error for the proportion interval is given by this formula:  

ME=z_{\alpha/2}\sqrt{\frac{\hat p (1-\hat p)}{n}}    (a)  

And on this case we have that ME =\pm 0.06 and we are interested in order to find the value of n, if we solve n from equation (a) we got:  

n=\frac{\hat p (1-\hat p)}{(\frac{ME}{z})^2}   (b)  

And replacing into equation (b) the values from part a we got:

n=\frac{0.65(1-0.65)}{(\frac{0.06}{1.64})^2}=169.968  

And rounded up we have that n=170

6 0
3 years ago
School A has 480 students and 16 classrooms. School B has 192 students and 12 classrooms.
boyakko [2]

Answer:96

Step-by-step explanation:

A; 480/16 = 30 students per classroom

B: 192/12 =16 students per classroom

we need x such that \frac{480-x}{16} = \frac{192+x}{12}

which means

(480-x )* 12 should be equal to (192+x) * 16

5,760 - 12x = 3,072+16x

5,760 - 3,072 = 12x + 16x

2,688 = 28x

x = 96

3 0
3 years ago
Is the data point, P, an outlier, an influential point, both, or neither?
telo118 [61]

I'd say an outlier. P is separated noticably from the other points and would not considerably affect the slope of the line

8 0
3 years ago
Read 2 more answers
60 POINTS PLEASE HURRY!!
g100num [7]

Answer:

A. Rashid solved the problem correctly.

7 0
3 years ago
Read 2 more answers
Mary needed capital for her bakery. She borrowed $60 000 for 4 years at a simple interest rate of 8% per year. How much money wi
vlada-n [284]

Answer:

$ 79600

Step-by-step explanation:

interest=prt   (p is the amount borrowed, r is the rate, t is the time)

p=60000 , r=8%=0.08  , t=4 years

interest=60000*0.08*4

A=19600

the amount paid at the end of 4 years: 60000+19600=$79600

4 0
3 years ago
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