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%)

3 0

2 years ago

Find the value of n in 7 times 38 plus 3 times 45 minus 56

Alex787 [66]

7 * 38 + 3*45 - 56
use order of operations
(7*38) + (3*45) - 56

266 + 135 - 56

=345

3 0

3 years ago

What is 7.8×10^5 hours in days?

iragen [17]

Answer:

32500 Days

Step-by-step explanation:

$7.8$ × $10^{5}$ = $780000$

We know that there are 24 hours in a day.

⇒24 Hours = 1 Day

therefore $780000$ hours = $\frac{780000}{24} = 32500$ Days

7 0

2 years ago