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:
11x-15
Step-by-step explanation:
4x-8+7x-7
11x-15
Answer:
B) 2.4 inches
Step-by-step explanation:
The total amount of rain is 28.8 inches over 12 months. To find how much rain falls averagely in <em>one </em>month you need to divide the total by the amount of months. 28.8/12 = 2.4
Answer:
i think n = 4
Step-by-step explanation:
3(n+7) = 33
3n+21 = 33
3n = 12
n = 4
Answer:
-6 3/8 < -7/8
Step-by-step explanation:
Answer:
-6 3/8 < -7/8
Showing Work
Using the given inputs:
-6 3/8 -7/8
Rewriting these inputs as improper fractions:
-51/8 and -7/8
Since we have like denominators we compare the inputs by the numerators:
Therefore, comparison shows:
-6 3/8 < -7/8
