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Helga [31]
3 years ago
6

The weight of baby goats is believed to be Normally distributed, with a mean of 5.75 pounds. The average weight of a random samp

le of 20 baby goats is found to be 6.15 pounds, with a standard deviation of 0.35 pound. What is the standard error of the mean
Mathematics
1 answer:
Julli [10]3 years ago
7 0

Answer:

The standard error of the mean is 0.0783.

Step-by-step explanation:

The Central Limit Theorem helps us find the standard error of the mean:

The Central Limit Theorem estabilishes that, for a random variable X, with mean \mu and standard deviation \sigma, a large sample size can be approximated to a normal distribution with mean \mu and standard deviation \frac{\sigma}{\sqrt{n}}.

The standard deviation of the sample is the same as the standard error of the mean. So

SE_{M} = \frac{\sigma}{\sqrt{n}}

In this problem, we have that:

\sigma = 0.35, n = 20

So

SE_{M} = \frac{\sigma}{\sqrt{n}}

SE_{M} = \frac{0.35}{\sqrt{20}}

SE_{M} = 0.0783

The standard error of the mean is 0.0783.

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Calculate the amount and compound interest on Rs 5000 compounded annually or 2 years 6 months at the rate of 10% per annum.
cluponka [151]

Answer:

Amount

Rs 6345.30

Compound interest

Rs 1,345.30

Step-by-step explanation:

Here in this question, we are interested in calculating the amount and the compound interest on the value given.

To calculate the amount, we use the formula below;

A = P(1 + r/n)^nt

Where; A is the amount which we want to calculate

P is the principal which is Rs 5,000

r is the interest rate per annum = 10% = 10/100 = 0.1

n is the number of times per year in which it is compounded ( since it is annually, then it is 1)

t is the number of years which is 2.5 years( kindly know that 6 months is same 1/2 year , so 6 months is same as 0.5, and thus 2 years 6 months becomes 2.5 years)

now let’s substitute all these values;

A = 5000(1 + 0.1/1)^(1*2.5)

A = 5000(1 + 0.1)^2.5

A = 5000(1.1)^2.5

A = 6,345.2935314294

This is approximately Rs 6,345.30

The second part of the question asks to calculate compound interest

Mathematically ;compound interest = Amount - principal

= 6345.3 - 5000 = Rs 1,345.30

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Answer:

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Step-by-step explanation:

You would multiply each of them by 12 to get rid of all of the fractions.

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4: 4. 8. 12. 16, 20

6: 6. 12. 18. 24. 30

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