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Wewaii [24]
3 years ago
8

A new version of SAT is given to 1000 randomly selected high school seniors. Thesample mean test score is 1110, and the sample s

tandard deviation is 123. Constructa 95% confidence interval for the population mean test score for high school seniors.
Business
1 answer:
SVEN [57.7K]3 years ago
8 0

Answer: (1108.49 ; 1111.56)

Explanation:

confidence interval.

Sample mean (S) = 1110

Sample Size (N) = 1000

standard deviation (sd) = 123

confidence α= 1 - 0.95 = 0.05/2 = 0.025

Z distribution table

Zα= Z(0.025) = 0.4013

confidence interval

(S - Zα.×Sd/\sqrt{N} ; S + Zα.×Sd/\sqrt{N})

(1110 - 0.4013×(123/\sqrt{1000}) ; 1110 + 0.4013×(123/\sqrt{1000})

(1108.491029 ; 1111.5608970091)

(1108.49 ; 1111.56)

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Country A had a population of 2,000, of whom 1,300 worked an average of 8 hours a day and had a productivity of 5. Country B had
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Answer:

Country

  • c. B had the higher level of real GDP and Country A had the higher level of real GDP per person

Explanation:

Country A's population 2,000, worked 1,300 with 8 hours a day with a productivity of 5 = 52,000 units of something produced. GDP per capita = 52,000 / 2,000 = <u>26 per capita</u>

Country B's population 2,500, worked 1,700 with 8 hours a day with a productivity of 4 = <u>54,400 units</u> of something produced. GDP per capita = 54,400 / 2,500 = 21.76 per capita

3 0
3 years ago
You are set to receive an annual payment of $12,100 per year for the next 17 years. Assume the interest rate is 7 percent. How m
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Answer:

The difference in value is worth $8,269 more in money.

Explanation:

Case 1. Payments are made at the end of each year

So here, we will use the annuity formula for computing the present value of payments that we are receiving at the end of each year.

Here

Annual Cash flow is $12,100

Interest Rate "r" is 7%

And

Number of Payments "n" will be 17

Present Value = Cash flow * [1 - 1 / (1+r)^n] / r

By putting values, we have:

Present Value = $12,100 * [1 - 1 / (1 + 7%)^17] / 7%

Present Value = $12,100 * 9.763223

Present Value = $118,135

Now

Cash 2. Payments are arising at the start of each year

Just like the case above, we will use the annuity formula for computing the present value of payments that we are receiving at the start of each year. The first payment will be at worth the same because it is received in today's price.

So

Present Value = Cash flow     +       Cash flow * [1 - 1 / (1+r)^n] / r

So by putting values, that were used in case 1, we have:

Present Value = $12,100 + $12,100 * (1 - (1/1.07)^16) / 0.07

Present Value = $12,100 + $12,100 * 9.446649

Present Value = $126,404

Difference in Present Value = PV of Case 1      -    PV of Case 2

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The difference in value is worth $8,269 more in money.

4 0
3 years ago
10 points
mars1129 [50]
$4225 here’s how I got the answer so he purchased 13 shares but each share cost $325 so 13 times 325 is 4225
7 0
3 years ago
Which examples demonstrate common Financial and Investment Planning workplaces and employers? Check all
jenyasd209 [6]

Answer:

The correct answers are,

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  • -Ladonna is self-employed and meets with customer dinner office to provide Financial advice ​

Explanation:

financial advisory is an important aspect in the business world and is important for the companies and start ups to smartly and effectively utilize their finances.

most of the time, those who are in the profession of "financial advisory" are carefully monitored by regulatory bodies such as the securities and exchange commissions and related professional body.

in this scenario, investment officers and stock brokers are shown, all fall under the category of advisers.

3 0
3 years ago
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It’s important for the hiring discussion to be made public by the city council since it relates to the use of public funds to compensate these additional workforces. In contrast, firing processes do not relate to incurring funds and thus the public does not need to know about the reasons of the firing.

7 0
3 years ago
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