Cristal's gross semimonthly salary is $2968.50. What is the maximum amount she can afford to borrow for a home mortgage?

Mathematics

1 answer:

prohojiy [21]3 years ago

8 0

Answer:

C) 142,488

Step-by-step explanation: by adding up here semimonthly, also took test.

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Kim's softball team was playing in the championship game. When there were 444 innings left, the team was losing by a score of 17

lbvjy [14]

Answer:

The inequality is:

6+4p>176+4p>176+ 4p > 17

Kim's team scored a minimum of 3 points per inning.

Step-by-step explanation:

;)

3 0

3 years ago

A manufacturer reported a sample mean = 22.0 g and a sample standard deviation = 2.5 g based on a sample of 20 of their products

tester [92]

Answer:

$n=(\frac{1.640(2.5)}{2})^2 =4.2 \approx 5$

So the answer for this case would be n=5 rounded up to the nearest integer

Step-by-step explanation:

Previous concepts

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".

$\bar X=22$ represent the sample mean

$\mu$ population mean (variable of interest)

s=2.5 represent the sample standard deviation

n represent the sample size

ME = 2 represent the margin of error accepted

Solution to the problem

The confidence interval for the mean is given by the following formula:

$\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}$ (1)

The margin of error is given by this formula:

$ME=z_{\alpha/2}\frac{\sigma}{\sqrt{n}}$ (2)

And on this case we have that ME =2 and we are interested in order to find the value of n, if we solve n from equation (2) we got:

$n=(\frac{z_{\alpha/2} s}{ME})^2$ (3)

We can use as estimator for the population deviation the sample deviation $\hat \sigma = s$

The critical value for 90% of confidence interval now can be founded using the normal distribution. And in excel we can use this formla to find it:"=-NORM.INV(0.05;0;1)", and we got $z_{\alpha/2}=1.640$ , replacing into formula (3) we got: