A random sample of 25 graduates of four-year business colleges by the American Bankers Association revealed a mean amount owed in student loans was $14,381 with a standard deviation of $1,892. Assuming the pop is normally distributed:
a) Compute a 90% confidence interval, as well as the margin of error.
b) Interpret the confidence interval you have computed.

Answers

Answer 1

Answer:

a) The 90% confidence interval for the mean amount owed in student loans of graduates of four-year business colleges is ($13,600, $15,162), having a margin of error of $781.

b) We are 90% sure that the mean amount owed in student loans of graduates of  all four-year business colleges is between $13,600 and $15,162.

Step-by-step explanation:

Question a:

We have the standard deviation for the sample, which means that the t-distribution is used to solve this question.

The first step to solve this problem is finding how many degrees of freedom,which is the sample size subtracted by 1. So

df = 25 - 1 = 24

90% confidence interval

Now, we have to find a value of T, which is found looking at the t table, with 24 degrees of freedom(y-axis) and a confidence level of [tex]1 - \frac{1 - 0.9}{2} = 0.95[/tex]. So we have T = 2.0639

The margin of error is:

[tex]M = T\frac{s}{\sqrt{n}} = 2.0639\frac{1892}{\sqrt{25}} = 781[/tex]

In which s is the standard deviation of the sample and n is the size of the sample.

The lower end of the interval is the sample mean subtracted by M. So it is 14381 - 781 = $13,600

The upper end of the interval is the sample mean added to M. So it is 14381 + 781 = $15,162

The 90% confidence interval for the mean amount owed in student loans of graduates of four-year business colleges is ($13,600, $15,162), having a margin of error of $781.

b) Interpret the confidence interval you have computed.

We are 90% sure that the mean amount owed in student loans of graduates of  all four-year business colleges is between $13,600 and $15,162.


Related Questions

Researchers studied symptom distress and palliative care designation among a sample of 710 hospitalized patients. Controlling for age, they used a t-test to compare average distress from nausea scores in men and women. Lower scores indicated less distress from nausea. They report men had an average score of 1.02 and woman had an average score of 1.79. Which statement is correct?
(2pts)
Select Men had significantly less distress from nausea. as your answer
Men had significantly less distress from nausea.
Select Men had half as much distress from nausea as woman but we can not determine if this is a significant difference. as your answer
Men had half as much distress from nausea as woman but we can not determine if this is a significant difference.
Select Men had less distress from nausea on average than women but we can not determine if this is a significant difference. as your answer
Men had less distress from nausea on average than women but we can not determine if this is a significant difference.
Select There is a positive correlation between distress from nausea and gender. as your answer
There is a positive correlation between distress from nausea and gender.

Answers

Answer:

A. Men had less distress from nausea on average than women but we can not determine if this is a significant difference.

Step-by-step explanation:

Working based on the information given, the mean values of each group with with men having an average score of 1.02 and women have an average of 1.79 this reveals that distressing nausea on average is higher in women than in men . However, to test if there is a significant difference would be challenging as the information given isn't enough to make proceed with the test as the standard deviations of the two groups aren't given and no accompanying sample data is given.

(03.04) Use the graph below for this question: What is the average rate of change from x = −3 to x = 5? (1 point)
A.−1
B.0
C.1
D.8

Answers

Answer:

B. 0

Step-by-step explanation:

Rate of change from x = -3 to x = 5

Rate of change = [tex] \frac{f(b) - f(a)}{b - a} [/tex]

where, from the graph, we have:

a = -3, f(a) = -1,

b = 5, f(b) = -1,

Plug in the values

Rate of change = [tex] \frac{-1 -(-1)}{5 - (-3)} [/tex]

Rate of change = [tex] \frac{0}{8} [/tex]

Rate of change = 0

Can someone help me out

Answers

Answer:

π×64×4=804.25

Step-by-step explanation:

Formula of cylinder is π×square of radius×height

Answer:

803.8

Step-by-step explanation:

it's 3.14×8×8×4 which would give you 803.84 and then you round which would give you 803.8

0.5 kilograms (kg) is equal to how many ounces? Round your answer to the

Answers

Answer:

17.637 ounces

Step-by-step explanation:

35.274 ounces is 1 kilogram so divide 35.274 by 2

Might want to keep the other guy Brainly

Did any one know this?

Answers

Answer:

x sqrt(2)

Step-by-step explanation:

sqrt(a) / sqrt(b) = sqrt(a/b)

sqrt( 14 x^3) / sqrt(7x)

sqrt(14x^3/7x)

sqrt(2x^2)

sqrt(ab) = sqrt(a)sqrt(b)

sqrt(x^2) sqrt(2)

x sqrt(2)

32% adults favor the use of unmanned drones by police agencies. Twelve u.s. adults are randomly selected. Find the probability that the number of u.s. adults who favor the use of unmanned drones by police agencies is (a) exactly three, (b) at least four, (c) less than eight

Answers

Answer:

C

Step-by-step explanation:

32% of 12 =

32/100 x 12

= 3.84

So, C would be the correct choice

I wasn't sure about my answer so used the Gauthmath App

An educational psychologist wishes to know the mean number of words a third grader can read per minute. She wants to make an estimate at the 95% level of confidence. For a sample of 582 third graders, the mean words per minute read was 24.1. Assume a population standard deviation of 3.7. Construct the confidence interval for the mean number of words a third grader can read per minute.

Answers

Answer:

The 95% confidence interval for the mean number of words a third grader can read per minute is (23.8, 24.4).

Step-by-step explanation:

We have to find our [tex]\alpha[/tex] level, that is the subtraction of 1 by the confidence interval divided by 2. So:

[tex]\alpha = \frac{1 - 0.95}{2} = 0.025[/tex]

Now, we have to find z in the Z-table as such z has a p-value of [tex]1 - \alpha[/tex].

That is z with a p-value of [tex]1 - 0.025 = 0.975[/tex], so Z = 1.96.

Now, find the margin of error M as such

[tex]M = z\frac{\sigma}{\sqrt{n}}[/tex]

In which [tex]\sigma[/tex] is the standard deviation of the population and n is the size of the sample.

[tex]M = 1.96\frac{3.7}{\sqrt{582}} = 0.3[/tex]

The lower end of the interval is the sample mean subtracted by M. So it is 24.1 - 0.3 = 23.8

The upper end of the interval is the sample mean added to M. So it is 24.1 + 0.3 = 24.4.

The 95% confidence interval for the mean number of words a third grader can read per minute is (23.8, 24.4).

Melinda takes out a loan to purchase a car. The balance on her loan after x months is represented by the equation y = 10,000 – 250x and the value of the car after x months is represented by y = 8,000 – 50x. Which statement describes when Melinda’s loan will be equal to the value of the car?

After 10 months, the loan and value of the car will both be equal to $7,500.
After 12 months, the loan and value of the car will both be equal to $7,000.
After 14 months, the loan and value of the car will both be equal to $6,500.
After 16 months, the loan and value of the car will both be equal to $6,000.

Answers

Answer:

Step-by-step explanation:

12 months

Answer:

12 months b on edg

Step-by-step explanation:

edg 2022

Drag the numbers to the boxes to order them from least to greatest value. Please answerr quick

Answers

Answer:

Please what is the first value there?

x is the same as 1x or 1

√5 = 2.2360679775

(2)1/2 is the same as 5/2 or 2.5

√7 = 2.64575131106

√11 = 3.31662479036

3.5

least to greatest:

x < √5 < (2)1/2 < √7 < √11 < 3.5

mJWL=87 degrees. Find the value of x.

Answers

JWL = JWI + IWL

87 = (2x + 24) + (3x - 12)

87 = 5x + 12

5x = 75

x = 15

Hope this helps!

The value of the variable x will be 15. Then the correct option is A.

What is an angle?

The angle is the distance between the intersecting lines or surfaces. The angle is also expressed in degrees. The angle is 360 degrees for one complete spin.

Linear angle - If the total of two angles is 180 degrees, they are said to be linear angles.

The measure of the angle ∠JWL will be 87°.

The angle ∠JWI and angle ∠IWL will be the linear angle.

Then the sum of the angle ∠JWI and angle ∠IWL is equal to the angle ∠JWI.

          ∠JWI + ∠IWL = 87°

(2x + 24) + (3x – 12) = 87

                    5x + 12 = 87

                           5x = 87 – 12

                           5x = 75

                             x = 75 / 5

                             x = 15

Thus, the value of the variable x will be 15.

Then the correct option is A.

More about the angled link is given below.

https://brainly.com/question/15767203

#SPJ5

(ii). nth term of: 10+4-2...​

Answers

9514 1404 393

Answer:

  an = 10 -6(n -1)

Step-by-step explanation:

The series is an arithmetic series with a first term of 10, and a common difference of 4-10 = -6. The n-th term of an arithmetic series is given by ...

  an = a1 +d(n -1) . . . . . for first term a1 and common difference d

__

For the parameters this series has, the n-th term is ...

  an = 10 -6(n -1)

6. The perimeter of a square room is 48 m, how much square metre carpet required it cover it ?

Answers

Answer:

144

Step-by-step explanation:

Answer:

first you have to now each side length ,since it is square so all sides are equal so 48/4=12 i.e perimeter =4 so our qoustion is area so the area of square is side square

Step-by-step explanation:

so side =12 , 12square is 144 that set.

Can someone help me find the answer?

Answers

Answer: B. This function has no intercept. I think B is the correct answer.

The sume of the reciprocals of two consecutive integers is 3/2. Find the two integers

Answers

Answer:

1 and 2

Step-by-step explanation:

Let's say our first number is x. Our second number is the number after that, or x+1. A reciprocal of a number is 1/that number. Therefore, the reciprocal of x is 1/x and the reciprocal of x+1 is 1/(x+1). The question states the sum of the reciprocals of the two numbers is equal to 3/2. Therefore,

1/x + 1/(x+1) = 3/2

multiply both sides by 2 to remove a denominator

2/x + 2/(x+1) = 3

multiply both sides by x to remove a denominator

2 + (2*x)/(x+1) = 3x

multiply both sides by (x+1) to remove the other denominator

2*(x+1) + 2*x = 3x*(x+1)

expand

2*x+2 + 2*x = 3x²+3

combine like terms

4x + 2 = 3x²+3

subtract (4x+2) from both sides to make everything equal to 0 and to form a quadratic

3x² - 4x + 1 = 0

To factor this, we need to find two numbers that add up to b and multiply to a*c in an equation of form ax²+bx + c. Here, a=3, c=1, and b = -4

Two numbers that add to -4 and multiply to 3*1=3 are -3 and -1. We can thus factor this out to get

3x²-3x-x+1 = 0

3x(x-1) -1 ( x-1) = 0

(3x-1)(x-1) = 0

Therefore, solving for 0, we get

3x-1=0

x = 1/3

x-1 = 0

x=1

The only integer solution possible is x=1

To confirm, 1/1 + 1/(1+1) = 3/2, so x=1 is correct, with 1+1=2 being the second integer

7. Solve for x: x/6 - y/3 = 1

Please give steps!

Answers

x/6 - y/3 = 1
<=> x/6 = 1+ y/3
<=> x/6 = (3+y)/3
<=> x = (3+y)/3 x 6
<=> x = 2(3+y)
So the answer is x = 2(3+y)

White colour is painted in 2 ft wide which lies inside from both sides in the basketball court of length 78 ft and breadth 46 ft . find the area of the painted part.​

Answers

Answer:

L1=78

W1=46

L2=78+4=82

W2=46+4=50

Area=L2×W2-L1×W1

82×50-78×46

Ans- 512ft^2

If the cube root parent function is horizontally stretched by a factor of 4, then translated 5 units right and 3 units up, write an equation to represent the new function?

Answers

Answer:

The cube root parent function:

f(x) = [tex]\sqrt[3]{x}[/tex]

Horizontally stretched by a factor of 4:

g(x) → f(1/4x) = [tex]\sqrt[3]{1/4x}[/tex]

Translated 5 units right:

h(x) → g(x - 5) = [tex]\sqrt[3]{1/4x - 5}[/tex]

Translated 3 units up:

k(x) → h(x) + 3 = [tex]\sqrt[3]{1/4x - 5} + 3[/tex]

what is the answer for this question?
1. Dayne has three investment portfolios: A, B and C. Portfolios A, B and C together are worth a total of $175000, portfolios A and B together are worth a total of $143000, while portfolios A and C together are worth a total of $139000.
Use Cramer’s Rule to find the value of each portfolio.

Answers

Answer:

The correct answer is:

Portfolio A = $107,000

Portfolio B = $36,000

Portfolio C = $32,000

Step-by-step explanation:

According to the question,

[tex]A+B+C=175000[/tex]...(1)

[tex]A+B = 143000[/tex]...(2)

[tex]A+C=139000[/tex]...(3)

Now,

From (1) and (2), we get

⇒ [tex]Portfolio \ C = (1)-(2)[/tex]

                        [tex]=175000-143000[/tex]

                        [tex]=32000[/tex]...(4)

From (1) and (3), we get

⇒ [tex]Portfolio \ B =(1)-(3)[/tex]

                        [tex]=175000-139000[/tex]

                        [tex]=36000[/tex]...(5)

From (1), (4) and (5), we get

⇒ [tex]Portfolio \ A = (1)-(4+5)[/tex]

                        [tex]=175000-(36000+32000)[/tex]

                        [tex]=175000-68000[/tex]

                        [tex]=107000[/tex]  

                 

Thus the above is the correct answer.

twice the difference of a number and 8 is 6. use the variable x for the unknown number.​

Answers

Answer:

11

Step-by-step explanation:

Unknown number = x

If twice the difference of x and 8 is 6:

2(x-8) = 6

2x-16 = 6

2x = 6 + 16

2x = 22

x = 22/2

x = 11

Answer from Gauthmath

What is 21 1/8 minus 14 1/8

Answers

Answer:

8.75

Step-by-step explanation:

211/8 = 26.375

141/8 = 17.625

now,

211/8-141/8

26.375-17.625

8.75

In the country of United States of Heightlandia, the height measurements of ten-year-old children are approximately normally distributed with a mean of 55.4 inches, and standard deviation of 4.1 inches.

A) What is the probability that a randomly chosen child has a height of less than 61.25 inches?

Answer= (Round your answer to 4 decimal places.)

B) What is the probability that a randomly chosen child has a height of more than 46.5 inches?

Answer= (Round your answer to 4 decimal places.)

Answers

(A)

P(X < 61.25) = P((X - 55.4)/4.1 < (61.25 - 55.4)/4.1)

… ≈ P(Z ≤ 0.1427)

… ≈ 0.5567

(B)

P(X > 46.5) = P((X - 55.4)/4.1 > (46.5 - 55.4)/4.1)

… ≈ P(Z > -2.1707)

… ≈ 1 - P(Z ≤ -2.1707)

… ≈ 0.9850

The domain for all variables in the expressions below is the set of real numbers. Determine whether each statement is true or false.(i)∀x ∃y(x+y≥0)

Answers

The domain of a set is the possible input values the set can take.

It is true that the domain of ∀x ∃y(x+y≥0) is the set of real numbers

Given that: ∀x ∃y(x+y≥0)

Considering x+y ≥ 0, it means that the values of x + y are at least 0.

Make y the subject in x+y ≥ 0

So, we have:

[tex]\mathbf{y \le -x}[/tex]

There is no restriction as to the possible values of x.

This means that x can take any real number.

Hence, it is true that the domain of ∀x ∃y(x+y≥0) is the set of real numbers.

Read more about domain at:

https://brainly.com/question/15110684

if 12 +2 =2 orderly what is 6 +3 orderly​

Answers

Answer:

3

Step-by-step explanation:

Please Mark me brainliest

Answer:

aren't one of the numbers in the equations supposed to be negative?

b Draw a picture to show 3:5= 6:10. Explain how your picture show equivalerit ratios.​

Answers

Answer:

3:5 = 6:10

3x2 : 5x2

= 6:10

Answer:

Step-by-step explanation:

Draw 3:5 balls shaded, and draw 6:10 balls shaded. Then, divide the 10 balls into two, with three shaded balls and 5 total balls on one side.

Place the labels in the chart
If you can draw this out for me or describe were they are that will be very helpful:)

Answers

Answer:

Check the image

Two angles of a triangle have the same measure.
If two sides have lengths 15 and 20, what is the
greatest possible value of the perimeter of the
triangle?

Answers

9514 1404 393

Answer:

  55 units

Step-by-step explanation:

If two angles have the same measure, the triangle is isosceles. That means two sides have the same measure. Since the two given sides are different measures, the remaining side must be one of those. The perimeter will be greatest if the congruent sides are the longest. The greatest perimeter is ...

  15 + 20 + 20 = 55 . . . units

A local cinema reduced its ticket prices by 15% which means a ticket now costs £10.88. how much was a ticket before the reduction?

Answers

Right now the ticket price is 85% of the original price. So the original price would be 10.88 / 0.85 = 13.6

Please I need help please!!!!
I need the answer ASAP…!!!!!!
If you know the answer please tell me

Answers

Answer:

x=−16/3 or x=2

Step-by-step explanation:

Step 1: Simplify both sides of the equation.

3x2+10x−8=24

Step 2: Subtract 24 from both sides.

3x2+10x−8−24=24−24

3x2+10x−32=0

Step 3: Factor left side of equation.

(3x+16)(x−2)=0

Step 4: Set factors equal to 0.

3x+16=0 or x−2=0


A 7-foot board is cut into two pieces. If one piece is x feet long, express the other length in terms of X

Answers

Step-by-step explanation:

According to the question,

Total length the board = 7 feetIt has been cut into two pieces.Length of one piece = x feet

Basically,

[tex]\longrightarrow[/tex] Total length of the board = Sum of the length of the two pieces

[tex]\longrightarrow[/tex] Total length of the board = Length of 1st piece + Length of the 2nd piece

[tex]\longrightarrow[/tex] 7 feet = x feet + Length of the 2nd piece

[tex]\longrightarrow[/tex] (7 – x) feet + Length of the 2nd piece

Hence, we got the required answer!

write your answer as an integer or as a decimal rounded to the nearest tenth.​

Answers

Answer:

6.43

Step-by-step explanation:

Cosine: cos(θ) = Adjacent / Hypotenuse

cosine of 39 degrees = 5/x

.77714596145 = 5/x

x = 5/.77714596145

x= 6.43379782952

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