Answer:
So the answer for this case would be n=737 rounded up to the nearest integer
Step-by-step explanation:
We have the following info given:
the sample mean
the sample deviation
represent the sample size
The degrees of freedom are given by:

The margin of error is given by this formula:
(a)
And on this case we have that ME =0.25 and we are interested in order to find the value of n, if we solve n from equation (a) we got:
(5)
The confidence level is 95% and the critical value for this case would be given by
, replacing into formula (5) we got:
So the answer for this case would be n=737 rounded up to the nearest integer
Answer:
- mutual fund: $9000
- CDs: $71000
- return: $6220, an average of 7.775%
Step-by-step explanation:
Since the mutual fund is the lower yield vehicle, only the minimum should be invested there.
The investments and returns should be ...
mutual fund: $9000, return = 6% × $9000 = $540
CD: $71000, return = 8% × $71000 = $5680
The maximum return is ...
$540 +5680 = $6220
-9d = 63
you divide both side by -9
sooo...
d = -7