What is the expected value of the spinner shown?

From a recent company survey, it is known that the proportion of employees older than 55 and considering retirement is 8%. For a

Akimi4 [234]

Answer: 2.845

Step-by-step explanation:

The formula to find the standard deviation is given by :-

$\sigma=\sqrt{n(1-p)p}$ , where p is the probability of getting success in each trial and n is the sample size.

Given : Sample size : n=110

The proportion of employees older than 55 and considering retirement : p=0.08

Then, the standard deviation is given by :-

$\sigma=\sqrt{110(1-0.08)0.08}\approx2.845347079\approx2.845$

Hence, the standard deviation for the sampling distribution of the sample proportions is 2.845.

3 0

2 years ago

Name a career that requires data-analysis skills. Describe how data analysis is used in this career. Be specific in your example

Viefleur [7K]

Answer: Find explanations below.

Step-by-step explanation:

1. A career as a Data Scientist would require data analysis skills.

2. The Data Scientist computes and analyzes large amounts of data from different sources and then makes useful interpretations with it. He needs skills In Statistics, Calculus, Probability, Programming, Excel, Visualization, Database management, and Machine Learning. He also needs a high level of accuracy when solving problems.

3. The median value is used when the data set contains values that repeat regularly and which contains some extremely high values. The mean value would aggravate towards higher values while the Median value would give a salary value that is an average of the data set. That is why the median value is used in salaries and housing prices calculations.

4. The dot plot is a simple scale representation of data values using dots to highlight the frequency of occurrences. I would use a dot plot to analyze quantitative data (like percentages, and decimals), and univariate data ( like mean, median, and mode).

The box plot analyzes a group of data in graphic styles. I would use it to determine the interquartile range, maximum, minimum, and median values. I would also use it to identify outliers.

5. Dot plot Strengths:

a. It is easy to plot the dots.

b. It is easy to interpret the data.

c. It shows the connection between the two data sets.

Dot Plot Weaknesses:

a. It shows the similarities between only two sequences.

b. The changes that occur between the data set cannot be easily detected.

c. It is time-consuming.

Box Plot Strengths:

a. Outliers are detected.

b. Indicates the 5-point summary.

c. It can compare more than two data set.

Box Plot Weaknesses:

a. Real values are lost.

b. The graph Is not easy to the sight.

6. The Income of the population of adult women would have a negatively skewed distribution.

4 0

2 years ago

If you have 60 million barrels and you have 14% kerosene and 34% gasoline what is the total production of gasoline and kerosene

Drupady [299]

48% or 48/100 only in percents and fractions

6 0

2 years ago

Read 2 more answers

How much money, as a one-time deposit, PV, would you need to deposit into an account that earns 1.5% compounded monthly to earn

Karolina [17]

Answer:

The amount needed as a one-time deposit to earn $7,500 in 3 years is $4388.17

Step-by-step explanation:

Basic Finance Formulas

One of the most-used formulas to compute present and future values is

$FV=PV(1+r)^{n}$

Where FV is the future value, PV is the present value, r is the interest rate and n is the number of periods. It's vital to keep in mind that r and n must be referred to the same compounded time, e.g. r is compounded monthly and n is expressed in months

The question requires to compute the PV needed as a one-time deposit to earn a future value of $7,500 in 3 years at a 1.5% rate compounded monthly.

FV=7,500

r=1.5%=0.015

n=3*12=36 months

We converted n to months because r is compounded monthly . The formula

$FV=PV(1+r)^{n}$

must be managed to make PV isolated

$PV=FV(1+r)^{-n}$