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DerKrebs [107]
3 years ago
15

Customers arrive at a movie theater at the advertised movie time only to find that they have to sit through several previews and

prepreview ads before the movie starts. Many complain that the time devoted to previews is too long. A preliminary sample conducted by The Wall Street Journal showed that the standard deviation of the amount of time devoted to previews was 4 minutes. Use that as a planning value for the standard deviation in answering the following questions. Round your answer to next whole number
Mathematics
1 answer:
lubasha [3.4K]3 years ago
6 0

This question is incomplete, the complete question is;

Customers arrive at a movie theater at the advertised movie time only to find that they have to sit through several previews and preview ads before the movie starts. Many complain that the time devoted to previews is too long (The Wall Street Journal, October 12, 2012). A preliminary sample conducted by The Wall Street Journal showed that the standard deviation of the amount of time devoted to previews was 4 minutes. Use that as a planning value for the standard deviation in answering the following questions. Round your answer to next whole number,

a) If we want to estimate the population mean time for previews at movie theaters with a margin of error of 75 seconds, what sample size should be used? Assume 95% confidence.

b) If we want to estimate the population mean time for previews at movie theaters with a margin of error of 1 minute, what sample size should be used? Assume 95% confidence.

Answer:

a) the required Sample Size is 40

b) the required Sample Size is 62

Step-by-step explanation:

Given the data in the question;

standard deviation σ = 4 minutes

a)

margin of error E = 75 seconds = ( 75 / 60 )minutes = 1.25 minutes

And 95% confidence.

Now, Critical Value of z for 0.95 confidence interval;

∝ = 1 - 0.95 = 0.05

Z_{\alpha /2 = 1.96

so, sample size n will be;

n = [ Z_{\alpha /2 × σ/E ]²

we substitute;

n = [ 1.96 × (4/1.25) ]²

n =  [ 1.96 × 3.2 ]²

n = [ 6.272 ]²

n = 39.338

Since we referring to a number of sample, its approximately becomes 40

Therefore, the required Sample Size is 40

b)

margin of error E = 1 minutes

And 95% confidence.

Now, Critical Value of z for 0.95 confidence interval;

∝ = 1 - 0.95 = 0.05

Z_{\alpha /2 = 1.96

so, sample size n will be;

n = [ Z_{\alpha /2 × σ/E ]²

we substitute;

n = [ 1.96 × (4/1) ]²

n =  [ 1.96 × 4 ]²

n = [ 7.84 ]²

n = 61.466

Since we referring to a number of sample, its approximately becomes 62

Therefore, the required Sample Size is 62

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<h3>What is interest?</h3>

Interest is the finance charge that a borrowers incurs to service a loan.

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Monthly payment of principal and interest = sh. 10,000

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<h3>Amortization Schedule:</h3>

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1st month    sh. 100,000    sh. 1,000    sh. 10,000    sh. 91,000

2nd month    sh. 91,000       sh. 910    sh. 10,000     sh. 81,910

3rd month      sh. 81,910        sh.819    sh. 10,000    sh. 72,729

4th month    sh. 72,729       sh. 727    sh. 10,000    sh. 63,456

5th month   sh. 63,456       sh. 636    sh. 10,000    sh. 54,092

6th month   sh. 54,092       sh. 541     sh. 10,000    sh. 44,633

7th month   sh. 44,633       sh. 446    sh. 10,000    sh. 35,079

8th month  sh. 35,079        sh. 351     sh. 10,000    sh. 25,430

9th month  sh. 25,430       sh. 254     sh. 10,000    sh. 15,684

10th month sh. 15,684        sh. 157     sh. 10,000      sh. 5,841

11th month    sh. 5,841         sh. 58      sh. 5,899       sh. 0

Total interest paid =       sh. 5,899

Thus, based on the payment schedule above, the amount of money that Jacinta pays to service the whole loan as interest is <u>sh. 5,899</u>.

Learn more about loan interests at brainly.com/question/24576997

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90 ÷ 6 = 15

Theoretical probability would be 15 due to the equation above
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