Thaddeus has plotted several points on a scatter plot to investigate the relationship between two quantitative variables. He wan
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Now.. notice the picture below
it has a front-and-back of 11x4
it has a left-and-right of 6x4
and a top-and-bottom of 6x11
now, if the Surface Area is less than 290in², then is cheaper to manufacture, because it uses less material to make the box
it has a front-and-back of 11x4
it has a left-and-right of 6x4
and a top-and-bottom of 6x11
now, if the Surface Area is less than 290in², then is cheaper to manufacture, because it uses less material to make the box
1. μ = 306,500
2.σ = 24,500
3. n = 150
4. μ = $306,500
5. σ = $2000
The standard deviation serves as a gauge for the degree of variation or dispersion among a group of numbers. While a high standard deviation suggests that the values are dispersed throughout a wider range, a low standard deviation suggests that the values tend to be close to the mean of the collection.
With a standard deviation of $24,500 and an average mortgage debt of $306,500, Americans have a median mortgage debt.
<h3>According to the given information:</h3>The population's average is
μ = 306,500
Standard deviation for the general population is
σ = 24500
Imagine 150 Americans are chosen at random for the sample.
n= 150
The sample mean is roughly normally distributed as a result of the high sample size, which is supported by the central limit theorem.
The population mean and sample mean would be the same,
μ = μ =306,500
Here is how to calculate the sample standard deviation:
the sample size is n, and is the population standard deviation.
The necessary conditions are thus:
1. μ = 306,500
2.σ = 24,500
3. n = 150
4. μ = $306,500
5. σ = $2000
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I understand that the question you are looking for is :
A bank is reviewing its risk management policies with regards to mortgages. To minimize the risk of lending, the bank wants to compare the typical mortgage owed by their clients against other homebuyers. The average mortgage owed by Americans is $306,500, with a standard deviation of $24,500. Suppose a random sample of 150 Americans is selected. Identify each of the following, rounding your answers to the nearest cent when appropriate:
1.