The point estimate of the proportion of students who prefer the new schedule is 0.22.
Definition of Point Estimate
Point estimation is a technique used in statistics to determine a single value that will serve as the "best guess" or "best estimate" of an unidentified population characteristic, known as the point estimate. More precisely, in order to produce a point estimate, we apply a point estimator to the data.
For the confidence interval (0.195, 0.245), point estimate is calculated as follows,
p = (0.195 + 0.245) / 2
p = 0.44 / 2
p = 0.22
Hence, the point estimate of the proportion of students who prefer the new schedule comes out to be 2.2.
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Hi!
We will find the sum you are looking for like this:
3 * 1,19$ + 6 * 2,29$ = 3,57$ + 13,74$ = 17,31$.
Hope this helps!
Divide the first one by the second and the answer will be B.
Answer: The probability that the mean salary offer for these 80 students is $23,500 or less equals to 0.4054
Step-by-step explanation: Please find the attached file for the solution
Answer: the population after 10 years is 12036
Step-by-step explanation:
We would apply the formula for exponential growth which is expressed as
A = P(1 - r)^ t
Where
A represents the population after t years.
t represents the number of years.
P represents the initial population.
r represents rate of growth.
From the information given,
P = 14000
r = 1.5% = 1.5/100 = 0.015
t = 10 years
Therefore, the exponential decay equation to find the population of the town after 10 years is
A = 14000(1 - 0.015)^10
A = 14000(0.985)^10
A = 12036
