1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kompoz [17]
3 years ago
15

Construct a 98% confidence interval for the population mean, μ. Assume the population has a normal distribution. A study of 14 c

ar owners showed that their average repair bill was $192 with a standard deviation Round to the nearest cent.
Business
1 answer:
neonofarm [45]3 years ago
8 0

Answer:

(196.97,187.03)

Explanation:  

Formula for Confidence interval is : avg repair bill (a) ± (Z×SD)÷√(sample size)

average repair bill (a) = $192

Z at 98% confidence level = 2.326

Sample Size = 14

Standard Deviation (SD) = $8  

Confidence Interval = 192 ± 2.326*8÷√(14) = {(192 + 4.97),(192 - 4.97)} = {196.97,187.03}

You might be interested in
Three countries enter into an agreement to remove all tariffs and trade barriers between them. They decide on a common trade pol
sveta [45]

Answer:

B. Customs union

Explanation:

Custom Union is a trade relationship agreed on by two or more countries in which they decided to remove barriers to free trade, such as removing heavy cost duties, high tariffs, between agreeing nations. It is considered a form of economic Integration.

The main aim of custom unions is to allow free trade between member Sates. It also helps to reduce administrative bottle neck and financial burdens which could be barriers to trading.

8 0
3 years ago
This is not a homework based question, but do you think one day girls will be able to play with the boys in the NFL??
love history [14]

Answer: yes

Explanation: Becaus, girls can play sports, like basketbal. Sports don’t belong to only boys

8 0
3 years ago
National Warehousing just announced it is increasing its annual dividend to $1.18 next year and establishing a policy whereby th
77julia77 [94]

Answer:

$24.38

Explanation:

The computation of the one share of worth is shown below:

= Eight-year dividend ÷ (Required rate of return - growth rate)

where,  

Next year dividend for eight-year s would be

= Annual dividend × (1 + growth rate)^number of years

= $1.18 × (1 + 3.25%)^8

= $1.18 × 1.291577535

= $1.524061492

The other items rate would remain the same

Now placing these values to the formula above

So, the price would equal to

= $1.524061492  ÷ (9.5% - 3.25%)

= $24.38

6 0
3 years ago
a group of detailed budgets and schedules representing the operating and financial plans for the future is called a(n)
GuDViN [60]

A group of detailed budgets and schedules representing the operating and financial plans for the future is called a(n) <u>master </u>budget.

<h3>Which budget is sometimes referred to as the master schedule budget?</h3>

The planning budget and static budget are other names for the master budget. Because it establishes the cost per unit and the anticipated volume of production and sales, it is known as the static budget.

The operating budget and the finance budget are the two main subcategories of the master budget. The projected balance sheet is the result of the financial budget's planning for the utilization of assets and liabilities. The operating budget produces a forecasted income statement and aids in planning future revenue and expenses.

To know more about master budget, refer:

brainly.com/question/15900166

#SPJ4

5 0
2 years ago
interest rate is 7% and doubling time is 10.2 years. you have invested $5,000.00. in how many years will your money $40.000.00?
LenKa [72]
A = P (1 + I)^n
40000 = 5000 (1 + 0.07)^n
(1.07)^n = 40000/5000 = 8
ln(1.07)^n = ln8
nln1.07 = ln8
n = ln8/ln1.07 = 30.7...
The best answer is closest to (d) 30.6 years.
6 0
3 years ago
Other questions:
  • Recruiting and hiring involves _________ .
    13·1 answer
  • Adobe Systems Incorporated reported the following accounts and amounts (in millions) in its financial statements for the year en
    15·1 answer
  • Given the following account balances at year end, compute the total intangible assets on the balance sheet of Anisha Enterprises
    13·1 answer
  • All of the following are true regarding the guaranteed insurability rider except
    10·1 answer
  • What is a substitute good
    9·1 answer
  • Larry Bar opened a frame shop and completed these transactions: Larry started the shop by investing $40,700 cash and equipment v
    12·1 answer
  • Discuss both the quantitative and qualitative factors that managers should consider when making decisions using differential ana
    11·1 answer
  • A company purchases inventory on account for $45,000 with terms 2/10, n/30. Under the net method of accounting for purchases, th
    11·1 answer
  • Suppose hockey skates sell in Canada for 135 Canadian dollars, and 1 Canadian dollar equals 1.004 U.S. Dollar. If purchasing pow
    13·1 answer
  • the weighted moving average forecasting technique tends to do a good job tracking trend in demand. group of answer choices true
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!