What is the solution to this equation?

Merrill Lynch Securities and Health Care Retirement Inc. are two large employers in downtown Toledo, Ohio. They are considering

ratelena [41]

Answer:

Step-by-step explanation:

We would determine the mean an standard deviation first

Mean = (107 + 92 + 97 + 95 + 105 + 101 + 91 + 99 + 95 + 104)/10 = 98.6

Standard deviation = √(summation(x - mean)/n

n = 10

Summation(x - mean) = (107 - 98.6)^2 + (92 - 98.6)^2 + (97 - 96.6)^2 + (95 - 98.6)^2 + (105 - 98.6)^2 + (101 - 98.6)^2 + (91 - 98.6)^2 + (99 - 98.6)^2 + (95 - 98.6)^2 + (104 - 98.6)^2 = 274

Standard deviation = √(274/10) = 5.23

The confidence interval is used to determine the range of values that could possibly contain a population parameter (population mean)

Confidence interval is written in the form,

(Point estimate - margin of error, Point estimate + margin of error)

The sample mean, x is the point estimate for the population mean.

We will use the t distribution because the sample size is small and the population standard deviation is not given.

Degree of freedom, df = 10 - 1 = 9

α = 1 - 0.99 = 0.01

z α/2 = 0.01/2 = 0.005

The area to the right of z 0.005 is 0.005 and the area to the left of z0.005 is 1 - 0.005 = 0.995. Using the t distribution table,

z = 3.25

Margin of error = z × s/√n

Where

s = sample standard Deviation = 5.23

Margin of error = 3.25 × 5.23/√10 = 5.38

Confidence interval = sample mean(point estimate) ± z × σ/√n

The lower boundary of the confidence interval is

98.6 - 5.38 = 93.22

The upper boundary of the confidence interval is

98.6 + 5.38 = 103.98

We estimate with 99% confidence that the mean weekly child care cost of their employees is between $93.22 and $103.98

Also,

99% of the confidence intervals constructed in this way would contain the true value for the population mean of mean weekly child care cost of their employees.

6 0

3 years ago

What is the following product? 5 sqrt 4x^2?

lapo4ka [179]

Answer:

it is the 2nd 1

Step-by-step explanation:

i know this because i do

6 0

3 years ago

Read 2 more answers

Which values of x and y would make the following expression represent a real number? (4 + 5i)(x + yi) x = 4, y = 5 x = –4, y = 0