(10 points) Starting salaries of 64 college graduates who have taken a statistics course have a mean of $42,500 with a standard deviation of $6,800. Find an 90% confidence interval for ????. (NOTE: Do not use commas or dollar signs in your answers. Round each bound to three decimal places.) Lower-bound: 41101.87 Upper-bound: 43898.13

Answers

Answer 1
Answer:

Answer:

41101.750 to 43898.250

Step-by-step explanation:

Using this formula X ± Z (s/√n)

Where

X = 42500 --------------------------Mean

S = 6800----------------------------- Standard Deviation

n = 64 ----------------------------------Number of observation

Z = 1.645 ------------------------------The chosen Z-value from the confidence table below

Confidence Interval Z

80%. 1.282

85% 1.440

90%. 1.645

95%. 1.960

99%. 2.576

99.5%. 2.807

99.9%. 3.291

Substituting these values in the formula

Confidence Interval (CI) = 42500 ± 1.645(6800/√64)

CI = 42500 ± 1.645(6800/8)

CI = 42500 ± 1.645(850)

CI = 42500 ± 1398.25

CI = 42500+1398.25 ~. 42500-1398.25

CI = 43898.25 ~ 41101.75

In other words the confidence interval is from 41101.750 to 43898.250

Answer 2
Answer:

Final answer:

To find a 90% confidence interval for the mean starting salary, use the formula CI = sample mean ± (Z * sample standard deviation / √n).

Explanation:

To find a 90% confidence interval for the mean starting salary, we will use the formula:

CI = sample mean ± (Z * sample standard deviation / √n)

Given that the sample mean is $42,500, the sample standard deviation is $6,800, and the number of college graduates is 64, we can substitute these values into the formula to calculate the confidence interval. The lower-bound is $41,101.87 and the upper-bound is $43,898.13.

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Tony worked 9 hours Monday, 9.5 hours Tuesday, 8.75 hours Wednesday,9.25 hours Thursday 8 hours Friday and 6 hours Sunday. How many hours
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Answers

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After an 80% reduction you purchase a new sofa on sale for $108 what was the original price

Answers

Answer:

$540

Step-by-step explanation:

Define x as:

x = the Original Price, in dollars ($)

Then,

x - (80%)x = 108, where we note that (80%)x is the reduction amount, so that

20%x = 108,

0.2x = 108,

x = 108/0.2 = $540

Final answer:

The original price of the sofa was $540.

Explanation:

Question:

After an 80% reduction, you purchase a new sofa on sale for $108. What was the original price?

Detailed Answer:

To find the original price, we need to determine what the 80% reduction represents in terms of the original price. If the sale price is 80% of the original price, then we can set up the equation: sale price = 0.2 * original price. We know the sale price is $108, so we can solve for the original price by dividing both sides of the equation by 0.2: original price = $108 / 0.2 = $540. Therefore, the original price of the sofa was $540.

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An train station has determined that the relationship between the number of passengers on a train and the total weight of luggage stored in the baggage compartment can be estimated by the least squares regression equation y=103+30x. Predict the weight of luggage for a flight with 86 passengers.

Answers

Answer:

2683

Step-by-step explanation:

Using the linear regression equation that predict the relationship between the weight of the luggage and the total number of passenger y = 103 + 30x, we can plug in the number of passenger x = 86 to predict the weight of the luggage on a flight:

y = 103 + 30*86 =  2683

a discount voucher offering 15% off is used to pay a bill. after using the voucher the bill is reduced to 36.72. how much was the bill before applying the voucher discount

Answers

We can use the is/of=p/100 method for this problem. Since it's 15% off, this would mean that the bill is 85% of what it was initially. Plug the values into the is/of=p/100 formula.

36.72/x = 85/100

Solve  for x.

x=36.72/0.85

x=43.2

So, the bill was $43.20 before applying the voucher discount of 15% off.


The answer is 244.80

You can calculate this by taking 36.72 and dividing it by 0.15 (15%). You would do this because it is the opposite of multiplying an original number by 0.15 (15%) to get 36.72.


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