Mr. Smith buys pencils at $ 250 per hundred and sells each at $ 1.75. Find his loss or profit.
1 answer:
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Answer: There is a strong association between age and weight.
Step-by-step explanation:
The correlation coefficient (r) is used to describe the relationship between two variables.
If r lies between -1 to -0.5 or 0.5 to 1, then there is strong association between them.
Here, Variables: Age and weight.
correlation coefficient = 0.512
That means, there is a strong association between age and weight.
Answer:
n = 66.564
Step-by-step explanation:
- Because the population is unknown, we will apply the following formula to find the sample size:
Where:
z = confidence level score.
S = standard deviation.
E = error range.
2. We will find each of these three data and replace them in the formula.
"z" theoretically is a value that measures how many standard deviations an element has to the mean. For each confidence level there is an associated z value. In the question, this level is 99%, which is equivalent to a z value of 2.58. To find this figure it is not necessary to follow any mathematical procedure, it is enough to make use of a z-score table, which shows the values for any confidence interval.
The standard deviation is already provided by the question, it is S = 100.
Finally, "E" is the acceptable limit of sampling error. In the example, we can find this data. Let us note that in the end it says that the director wishes to estimate the mean number of admissions to within 1 admission, this means that she is willing to tolerate a miscalculation of just 1 admission.
Once this data is identified, we replace in the formula:
3. The corresponding mathematical operations are developed:
n= 66.564