Mr. Valdez puts $10,000 in a retirement account and does not make any deposits or withdrawals. The table below shows the amount
2 answers:
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Answer:
Therefore, we are 95% confident that actual mean savings for a televisit to the doctor is within the interval of ($60.54 to $81.46)
Step-by-step explanation:
Let us find out the mean savings for a televisit to the doctor from the given data.
Using Excel,
=AVERAGE(number1, number2,....)
The mean is found to be
Let us find out the standard deviation of savings for a televisit to the doctor from the given data.
Using Excel,
=STDEV(number1, number2,....)
The standard deviation is found to be
The confidence interval is given by
Where the margin of error is given by
Where n is the sample of 20 online doctor visits, s is the sample standard deviation and is the t-score corresponding to a 95% confidence level.
The t-score is given by is
Significance level = α = 1 - 0.95 = 0.05/2 = 0.025
Degree of freedom = n - 1 = 20 - 1 = 19
From the t-table at α = 0.025 and DoF = 19
t-score = 2.093
So, the margin of error is
So the required 95% confidence interval is
Therefore, we are 95% confident that actual mean savings for a televisit to the doctor is within the interval of ($60.54 to $81.46)
Given:
Number of students = 35
Two out of every five boys in the club are boys.
To find:
The number of students in the club that are boys.
Solution:
Two out of every five boys in the club are boys. It means, the ratio of boys to the total number of student is 2:5.
Let the number of boys be 2x and number of students be 5x.
According to the question,
Now, the number of boys is
Therefore, 14 students in the club are boys.