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
LekaFEV [45]
2 years ago
10

An urban economist wishes to estimate the mean amount of time people spend travelling to work. He obtains a random sample of 60

individuals who are in the labour force and finds that the mean travel time is 30.5 minutes. Assuming that the population standard deviation of travel time is 20.5 minutes, construct and interpret a 90% confidence interval for the mean travel time to work. (Note: the standard deviation is large, because some people work at home and thus travel 0 minutes and some people take transit which results in large travel times).
Business
1 answer:
Strike441 [17]2 years ago
7 0

Answer:

An urban economist wishes to estimate the mean amount of time people spend traveling to work. He obtains a random sample of 50 individuals who are in the labor force and finds that the mean travel time is 24.2 minutes. Assuming the population standard deviation of travel time is 18.5 minutes, construct and interpret a 95% confidence interval for the mean travel time to work. Note: The standard deviation is large because many people work at home (travel time =0 minutes) and many have commutes in excess of 1 hour. (Source: Based on data obtained from the American Community Survey.)

Explanation:

An urban economist wishes to estimate the mean amount of time people spend traveling to work. He obtains a random sample of 50 individuals who are in the labor force and finds that the mean travel time is 24.2 minutes. Assuming the population standard deviation of travel time is 18.5 minutes, construct and interpret a 95% confidence interval for the mean travel time to work. Note: The standard deviation is large because many people work at home (travel time =0 minutes) and many have commutes in excess of 1 hour. (Source: Based on data obtained from the American Community Survey.)

You might be interested in
A buyer contracts to purchase a property from a seller for $212,000. Two weeks before closing, a buyer's agent for another compa
ehidna [41]

The listing associate should present the offer to the seller as a potential backup offer for further negotiation.

<h3>Who is a seller?</h3>
  • A seller is any person or company who sells a product, service, or financial asset.
  • Short selling is the practice of borrowing securities that are not held in order to sell them and then repurchase them at a reduced price.
  • A "writer" is a seller of options who collects the premium from the buyer.
<h3>What is an offer?</h3>
  • In exchange for something else, a commitment to do or refrain from doing something.
  • An offer must be worded and delivered in such a way that a reasonable person would expect its acceptance to result in a binding contract.

Therefore, the listing associate should present the offer to the seller as a potential backup offer for further negotiation.

Know more about a seller here:

brainly.com/question/906651

#SPJ4

7 0
2 years ago
LO 2.1Which of the following represents the components of the income statement for a manufacturing business?
Gennadij [26K]

Answer:

Sales Revenue – Cost of Goods Sold = gross profit

Explanation:

In order to determine the income statement components, the following component is shown

Gross profit = Sales revenue - the cost of goods sold

where,

Sales revenue represents the sales of the business organization

And, the cost of goods sold would be

= Opening inventory + Purchase - ending inventory

By deducting the cost of goods sold from the sales revenue the gross profit can arrive

6 0
3 years ago
The Lady Eagles won 70% of their 30 basketball games this season How many games did they win?
Nitella [24]
They won 21 out of their 30 basketball games.
5 0
3 years ago
Read 2 more answers
WILL BE MARKED BRAILIEST!!
Keith_Richards [23]

Answer:

•mystery shopper

false

Explanation:

6 0
3 years ago
Joe Jones has put in place a new set of performance metrics for the Logistics Department at his firm. He is convinced that these
AnnZ [28]

Answer:

Motivating objective              

Explanation:

In simple words, motivating refers to encouraging others to perform a job or task efficiently. It is generally performed by the executive level of employees in the organisation. It is done by teaching others about the incentives and perks they will get by performing the job or by fearing them with punishment. Motivations can be seen as a behavioral charge in an individual to give their hundred percent while performing the assigned task.

4 0
3 years ago
Other questions:
  • _____ in downtown Washington, DC, is home to the headquarters of many lobbying firms and interest groups and is synonymous with
    11·1 answer
  • The returns on the common stock of Cool Toys are quite cyclical. In a boom economy, the stock is expected to return 23 percent i
    15·1 answer
  • What kind of technology refers as local technology or indigenous technology ?​
    14·1 answer
  • SWOT analysis is a framework for analyzing the internal and external environment of a company. It consists of strengths, weaknes
    10·1 answer
  • Each Cutco knife goes through 30 steps to ensure that it meets the firm's standards and provides a good value for a premium prod
    12·1 answer
  • List three conditions for perfect competition.Instructions: You may select more than one answer.1. There is only one firm that m
    12·2 answers
  • Give me a couple countries that have a low and high quality of life index​
    9·1 answer
  • what term describes the conscious, systematic process of making decisions about goals and activities that an individual, group,
    5·1 answer
  • A major stockholder of a corporation is most likely to be a(n) ________ in the initial sale of securities who also has power ove
    6·1 answer
  • Making the choice to invest today or to postpone that investment to a future date is a choice between mutually exclusive project
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!