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9966 [12]
2 years ago
9

Student Debt – Vermont: The average student loan debt of a U.S. college student at the end of 4 years of college is estimated to

be about $23,500. You take a random sample of 146 college students in the state of Vermont and find the mean debt is $24,500 with a standard deviation of $2,800. We want to construct a 90% confidence interval for the mean debt for all Vermont college students.
Mathematics
1 answer:
mezya [45]2 years ago
5 0

Answer:

The confidence interval is (24116.3878,24883.6122).

Step-by-step explanation:

We are given the following information in the question:

Population mean, \mu = $23,500

Sample mean,\bar{x} = $24,500

Sample standard deviation,s = $2,800

Sample size, n =  146

Confidence interval:

\bar{x} \pm t_{critical}\frac{s}{\sqrt{n}}  

Putting the values, we get,

t_{critical}\text{ at}~\alpha_{0.05} = \pm 1.655436

24500 \pm 1.65543(\frac{2800}{\sqrt{146}} ) = 24500 \pm 383.6122 = (24116.3878,24883.6122)

The confidence interval is (24116.3878,24883.6122).

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Decimal Form:

p = 5.17617497 . . . , -0.67617497 . . .

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3 years ago
the dimensions of a rectanguler flower bed on a sketch are 4 by 6 cm. in real life the shorter side of the flower bed is 5m. fin
ANTONII [103]

Answer:

7.5m

Step-by-step explanation:

3 0
2 years ago
A particular fruit's weights are normally distributed, with a mean of 618 grams and a standard deviation of 24 grams. If you pic
Lorico [155]
Answer: The probability is 0.5136.

To find this probability we have to find the range of the values on the normal distribution table.

First, we need to find the percent for each making z-score.

Lower end: 50/24 = 2.08 = 0.0183

Upper end: 2/24 = 0.08 = 0.5319

Now, that we have the upper and lower ends, we can subtract them to find the difference or the range.  

0.5319 - 0.0183 = 0.5136

There is a 51.36% chance they are in the given range.
3 0
3 years ago
Given the functions f(x) = 3(0.56)^x and g(x) = 6(4)^x
rodikova [14]
A)  f(x) is decreasing because the base is less than 1.
      0.56 is close to 0.5, so its like saying that you are taking half each time, therefore the value is getting smaller.

g(x) is increasing because the base is greater than 1.
you are multiplying by 4 each time, making the value bigger.


B )  The y-intercept is where x=0.
      Anything to the '0' power is 1. Therefore the y-intercept is equal to the coefficient in front of each function.
    f(x) = 3 ,   g(x) = 6


C)  Just plug in x=4 to each function in a calculator.
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7 0
3 years ago
(CO6) From a random sample of 68 businesses, it is found that the mean time that employees spend on personal issues each week is
satela [25.4K]

Answer:

(1) (4.82, 4.98)

(2) Large sample size

(3) Yes, the temperature is within the confidence interval of (37.40, 37.60)

(4) (15.083, 15.117)

Step-by-step explanation:

Confidence Interval (CI) = mean + or - (t×sd)/√n

(1) mean = 4.9, sd = 0.35, n = 68, degree of freedom = n-1 = 68 - 1 = 67

t-value corresponding to 67 degrees of freedom and 95% confidence level is 1.9958

CI = 4.9 + (1.9958×0.35)/√68 = 4.98

CI = 4.9 - (1.9958×0.35)/√68 = 4.82

CI is (4.82, 4.98)

(2) Error margin = (t-value × standard deviation)/√sample size

From the formula above, error margin varies inversely as the square root of the sample size. Since the relationship between the error margin and sample size is inverse, increase in one (sample size) will conversely lead to a decrease in the other (error margin)

(3) mean = 37.5, sd = 0.6, n= 100, degree of freedom = n-1 = 100-1 = 99

t-value corresponding to 99 degrees of freedom and 90% confidence level is 1.6602

CI = 37.5 + (1.6602×0.6)/√100 = 37.5 + 0.10 = 37.60

CI = 37.5 - (1.6602×0.6)/√100 = 37.5 - 0.10 = 37.40

37.53 is within the confidence interval (37.40, 37.60)

(4) mean = 15.10, sd =0.08, n = 104, degree of freedom = n-1 = 104-1 = 103

t-value corresponding to 103 degrees of freedom and 97% confidence interval is 2.2006

CI = 15.10 + (2.2006×0.08)/√104 = 15.10 + 0.017 = 15.117

CI = 15.10 - (2.2006×0.08)/√104 = 15.10 - 0.017 = 15.083

CI is (15.083, 15.117)

4 0
3 years ago
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