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%)
Answer:
$22.88
Step-by-step explanation:
The total bill is the subtotal plus tax. The tax is computed by multiplying the tax rate by the subtotal, which is the total of all items being billed.
subtotal = $5.25 +12.75 +2.99 = 20.99
tax = $20.99 × 0.09 = $1.89
The total bill is ...
subtotal + tax = $20.99 +1.89 = $22.88
Answer: 24 = 3 + P
Step-by-step explanation: 24 is 3 more than a number P can be represented in the equation form of 24 = 3 + P
To solve it:
3 + P = 24
3 - 3 + p = 24 -3
p = 21
Answer:
(2,3)
Step-by-step explanation:
The only two numbers all three share
22.31 because A= BH where B is base length and H is Height. Multiply 5.25 by 4.25 and you get 22.31
