A polling organization asked a nation-wide random sample of 1600 new brides (those who got married in the past 2 years) the foll
1 answer:
Answer:
It has millions of tickets. On each ticket is written a number a dollar amount. The exact average and SD are unknown but are estimated from the sample to be $20,000 and $5,000 respectively.
Step-by-step explanation:
Given that:
sample size n = 1600
sample mean = 20000
standard deviation = 5000
The objective is to choose from the given option about what most closely resembles the relevant box model.
The correct answer is:
It has millions of tickets. On each ticket is written a number a dollar amount. The exact average and SD are unknown but are estimated from the sample to be $20,000 and $5,000 respectively.
However, if draws are made without replacement, the best estimate of the average amount for the bride will be $20,000
Similarly, the standard error for the sample mean =
the standard error for the sample mean = 125
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The Municipality we be able to set up 597 street name boards with R2 left in the budget.
Data;
- Amount Budgeted = R80,000
- Cost of each board = R134
The number of streets boards that can be produced in the budget is calculated by dividing the total amount budgeted by the cost of each street board. This is done mathematically as
We would have a total of 597 street names on the budget with some amount left.
We can calculated this by multiplying 597 by 134 and then subtracting the value from R80,000
The Municipality we be able to set up 597 street name boards with R2 left in the budget.
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