The area of a rectangle is shown through length times width. Being so, 13.7 times 10.5 equals 143.85 m^2.
The net amount they raise is the amount they receive minus what they pay in expenses.
They receive:
$10,000 fixed amount in donations
$55 per person
They pay:
$15 per person
If there are x number of entries, they receive 55x from the entries.
Also, they pay 15x for the entries.
The net amount they raise is amount they receive min us amount they pay:
55x + 10,000 - 15x
which simplifies to
40x + 10,0000
They want to raise at least $55,000.
At least $55,000 means $55,000 or more.
They want to raise an amount greater than or equal to $55,000.
Now we write the inequality:
40x + 10,000 >= 55,000
Now we solve the inequality for x, the number of entries.
40x >= 45,000
x >= 1125
They must have 1125 or more race entries to raise $55,000.
Since all the variables cancel out and the coefficient equal to eachother, this system of equation has
<u>infinitely many solutions!</u>
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:
Step-by-step explanation:
