Answer:
0 dollars
=E(M)
=μ
M
=−$10,000(0.81)+$40,000(0.18)+$90,000(0.01)
=−8,100+7,200+900
=0
Answer:
$393.50+/-$19.72
= ( $373.78, $413.22)
Therefore, the 95% confidence interval (a,b) = ($373.78, $413.22)
Step-by-step explanation:
Confidence interval can be defined as a range of values so defined that there is a specified probability that the value of a parameter lies within it.
The confidence interval of a statistical data can be written as.
x+/-zr/√n
Given that;
Mean x = $393.50
Standard deviation r = $50.30
Number of samples n = 25
Confidence interval = 95%
z value(at 95% confidence) = 1.96
Substituting the values we have;
$393.50+/-1.96($50.30/√25)
$393.50+/-1.96($10.06)
$393.50+/-$19.7176
$393.50+/-$19.72
= ( $373.78, $413.22)
Therefore, the 95% confidence interval (a,b) = ($373.78, $413.22)
Answer:
b. Identify the variable of interest and state whether it is categorical or quantitative.
Step-by-step explanation:
From the given number of people who voted Yes and No to the referendum, there are 60 people all in all. The fewer of which is 24 which voted as Yes. If we are to construct a pie chart and calculate the measure of the smaller angle, we take the ratio of 24 and 60 and multiply it to 360.
measure of angle ACB = (24/60)(360)
measure of angle ACB = 144°
Thus, the angle measure 144°.
Answer, step-by-step explanation:
A. With the previous exercise we can deduce that there is the situation of a number of sales in a grocery store, the relative frequency for the number of units sold, is shown below:
units sold. relative frequency. Acumulative frequency. interval of random numbers
30. 0.16. 0.16. 0.00 <0.16
40. 0.24. 0.4. 0.16 <0.4
50. 0.3. 0.7. 0.4 <0.7
60. 0.2. 0.9. 0.7<09
70. 0.1. 1. 0.9<1
B. For the next point, they give us some random numbers and then it is compared with the simulation of 10 days in sales:
random Units
number. sold
0.12. 30
0.96. 70
0.53. 50
0.80. 60
0.95. 70
0.10. 30
0.40. 50
0.45. 50
0.77. 60
0.29. 40
the two lists are compared so that opposite each one is the result of the simulation
