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
KATRIN_1 [288]
3 years ago
9

According to the video game industry’s statistics, the average gamer is 34 years old. Imagine the standard deviation for age is

7.5 years. Leroy collected data on video gaming among people with new tablets or iPads to see if the mean age of that group is older or younger. He finds an average age of 36 years based on a sample size of 48. His 95 percent confidence interval is:
Business
1 answer:
Natalka [10]3 years ago
6 0

Answer:

lower range 33.822 years

upper range 38.178 years

Explanation:

step 1:

48 -1 = 47

step 2:

(1 - 95%) / 2 = 0.025

step 3:

we look at the T distribution table for degrees of freedom (df) = 47, and α = 0.025; = 2.0117

step 4:

divide sample standard deviation by square root of sample size

7.5 years / √48 = 7.5 / 6.9282 = 1.0825

step 5:

multiply results from step 3 and 4

2.0117 x 1.0825 = 2.178

step 6:

for the lower range, subtract step 5 from sample mean

36 - 2.178 = 33.822

step 7: for the upper range, add step 5 with sample mean

36 + 2.178 = 38.178

You might be interested in
When using the indirect approach to organize your negative news message, you should open with a(n) ________.
miskamm [114]

There are five different methods to begin a statement with unfavorable news, but the most appropriate one is to use a buffer statement.

<h3>What are the statements?</h3>

Statements are sentences that can either be true or untrue. As a result, a statement is a claim that something is true or false.

The Four Types of English Sentences:

  • the sentence that makes a message (a statement)
  • interrogative phrase (question)
  • the sentence that must be completed (command)
  • exclamatory phrase (exclamation)

As a result, in the following scenario, you should utilize the buffer statement to open any unfavorable news.

Learn more about the statement:

brainly.com/question/17238106

#SPJ1

3 0
2 years ago
As the product manager for Whirlpools line of washing machines you are in charge of pricing new products. Your product team has
Alex17521 [72]

Answer:

The management should adopt skimming pricing strategy.

Explanation:

For the fact that this is a new technology and very difficult to be copied, the management should adopt skimming pricing strategy. This will allow them to charge high prices and make money in the market before their competitors starts making the same kind of washing machine. This product has benefits for the consumers as well as it consumes less water to clean the clothes so there is high probability of this machine is accepted even if the prices are exorbitantly higher and from this, its going to be demanded by many costomers.

7 0
3 years ago
Read 2 more answers
Inflation can impose significant costs and adversely distort economic systems. Indicate whether the costs and distorting effects
kaheart [24]

Answer:

1. Menu costs

- Can lead to stores listing prices in more stable currencies.

- Causes costs associated with changing prices in stores.

2. Shoe-leather-costs

- Discourages people from holding money.

- Spending time converting money into something that better holds value.

3. Unit-of-account costs

- Can reduce the quality of economic decisions.

- Makes money a less reliable source of measurement.

- Can cause distortion to the tax system.

- Causes difficulty in firms and individuals financial planning.

3 0
3 years ago
0.71 points eBookPrintReferences Check my work Check My Work button is now enabledItem 2Item 2 0.71 points Kerianne paints lands
Misha Larkins [42]

Answer:

$300

Explanation:

Based on the information given we were told that Kerianne paints placed four paintings that include a retail price of the amount of $300 for each of the four paintings in the Holmstrom Gallery which simply means that the amount of revenue with respect to the four paintings that Kerianne paints will recognize in the year 2021 will be the amount of $300.

8 0
2 years ago
A perfectly competitive market has? a. only one seller. b. at least a few sellers. c. many buyers and sellers. d. firms that set
Ghella [55]

A perfectly competitive market has many buyers and sellers (option c).

<h3>What is a perfectly competitive market ?</h3>

A perfectly competitive market is a market where there are many buyers and sellers of identical goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry. These makes buyers and sellers price takers.

An example of a perfectly competitive market is the market for tomatoes.

To learn more about perfect competition, please check: brainly.com/question/17110476

#SPJ1

3 0
1 year ago
Other questions:
  • What are the costs and consequences of providing and to whom
    5·1 answer
  • When faced with a business problem, sally, a young grocery store owner, discusses business problems with don, the assistant mana
    10·1 answer
  • The production possibilities curves suggest that:A) West Mudville should specialize in, and export, baseball bats.B) workers wil
    6·1 answer
  • A State A consumer was in a traffic accident with a State B driver. The State A consumer’s car burst into flames, causing horrif
    12·1 answer
  • What should a manager ideally do after implementing a solution to a given work-related problem?
    6·1 answer
  • What are the requirements for being a dental assistant?
    8·1 answer
  • An asset is acquired using a noninterest-bearing note payable for $100,000 due in two years. Management records the purchase wit
    6·1 answer
  • Challenges associated with creating a benchmark program ​
    11·1 answer
  • The investment demand slopes downward and to the right because lower real interest rates Multiple Choice expand consumer borrowi
    12·1 answer
  • Thế nào là dãy số thời kỳ
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!