Banking fees have received much attention during the recent economic recession as bankslook for ways to recover from the crisis. A sample of 31 customers paid an average fee of $11.53 permonth on their checking accounts. Assume the population standard deviation is $1.50. Calculatethe margin of error for a 90% confidence interval for the mean banking fee.

Answers

Answer 1

Answer:

The margin of error for a 90% confidence interval for the mean banking fee is of $0.44.

Step-by-step explanation:

We have that 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 - 0.9}{2} = 0.05[/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 pvalue of [tex]1 - 0.05 = 0.95[/tex], so Z = 1.645.

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.

Sample of 31:

This means that [tex]n = 31[/tex]

Assume the population standard deviation is $1.50.

This means that [tex]\sigma = 1.5[/tex]

Calculate the margin of error for a 90% confidence interval for the mean banking fee.

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

[tex]M = 1.645\frac{1.5}{\sqrt{31}}[/tex]

[tex]M = 0.44[/tex]

The margin of error for a 90% confidence interval for the mean banking fee is of $0.44.


Related Questions

ASAP PLSSSSSSSS TYYYYYY

Answers

The answer would be 16% then 10%

Answer:

20% of students prefer to go to the aquarium

50% of teachers prefer to go to the aquarium

Step-by-step explanation:

1.

8 students prefer the aquarium out of 40 students.

Set up an equation:

Variable x = percentage of students

8/40 = x/100

Cross multiply:

8 × 100 = 40 × x

800 = 40x

20 = x

Divide:

20%

Check your work:

40 students × 20%

Convert percentage into decimal:

40 × 0.20

8

8 students prefered the aquarium so this is correct!

2.

5 teachers prefer the aquarium out of 10 teachers.

Set up an equation:

Variable x = percentage of teachers

5/10 = x/100

5 × 100 = 10 × x

500 = 10x

50 = x

50%

Check your work:

10 × 0.50

5

Correct!

I NEED HELP PLEASE!!!!

Answers

9514 1404 393

Answer:

  A.  1/2

Step-by-step explanation:

The points on a unit circle are (cos(θ), sin(θ)), where θ is the angle from the +x axis to to the ray from the origin through that point.

If the point is (√3/2, 1/2), then sin(θ) = 1/2.

Find COS Instructions: Find the value of the trigonometric ratio. Make sure to simplify the If needed

Answers

Answer:

Sin X = 12 / 37

Step-by-step explanation:

Given a right angled triangle, we are to obtain the Sin of the angle X ;

Using trigonometry, the sine of the angle X , Sin A is defined as the ratio of the angle opposite X to the hypotenus of the right angle triangle.

In the right angle triangle :

Sin X = opposite / hypotenus

Opposite = 12 ; hypotenus = 37

Sin X = 12 / 37

Which point on the number line shows the graph of

Answers

Answer:

point E

Step-by-step explanation:

it lies after 1 and before two and 1.6 bar is after 1 and before 2

Point E I think but not completely sure

The 3rd and 7th terms of an arithmetic progression are 6and 30 respectively determine the common difference, first term,10th term.​

Answers

Answer:

d = 6 , a₁ = - 6 and a₁₀ = 48

Step-by-step explanation:

The nth term of an arithmetic progression is

[tex]a_{n}[/tex] = a₁ + (n - 1)d

where a₁ is the first term and d the common difference

Given a₃ = 6 and a₇ = 30 , then

a₁ + 2d = 6 → (1)

a₁ + 6d = 30 → (2)

Subtract (2) from (1) term by term to eliminate a₁

4d = 24 ( divide both sides by 4 )

d = 6

Substitute d = 6 into (1)

a₁ + 2(6) = 6

a₁ + 12 = 6 ( subtract 12 from both sides )

a₁ = - 6

Then

a₁₀ = - 6 + (9 × 6) = - 6 + 54 = 48

----------------------------------------------------

Answer:

d=6

a=-6

Step-by-step explanation:

use the formula for the nth term which is

Tn=a+(n-1)d..you will have to create two equations then solve them as a simultaneous equation

T3=6 and T7=30

T3=a+(3-1)d

6=a+2d........... first equation

T7=a+(7-1)d

30=a+6d.......... second equation

then solve them as a simultaneous equation

a+2d=6

a+6d=30

-4d/-4=-24/-4

d=6

a+2d=6

a+2(6)=6

a=6-12

a=-6

I hope this helps

GIVEN THAT GENERAL TERM =7n+4
evaluate sum of 5th termand 6th term

Answers

Answer:

general term - 7n+4

5th term - 7(5) + 4 = 39

6th term - 7(6) + 4 = 46

what fraction of 1 day is 48 minutes​

Answers

Answer:

48 ÷ 60 = 4/5

Step-by-step explanation:

4/5 is the answer

Answer:

[tex]\frac{1}{30}[/tex]

Step-by-step explanation:

We require the number of minutes in a day.

i hour = 60 minutes

24 hours = 24 × 60 = 1440 minutes ( 24 hours in 1 day )

Then

fraction = [tex]\frac{48}{1440}[/tex] ( divide numerator/ denominator by 12 )

            = [tex]\frac{4}{120}[/tex] ( divide numerator/ denominator by 4 )

            = [tex]\frac{1}{30}[/tex]

If Jan can weed the garden in 2 hours and her husband can weed it in 1 hour and 30 minutes, find how long it takes them to weed the garden together.

Answers

Answer:

3 hours 30 minutes

Step-by-step explanation:

Jan :2 hours

her husband : 1 hour 30 minutes

2hr + 1 ½ hrs = 3 ½ hrs...that is 3 hours 30 minutes....?

Margaret drives 188 miles
with 8 gallons of gas. Find the unit rate

Answers

The unit rate will be "23.5 miles/gallon". In the below segment, a further solution to the given question is provided.

Given values in the question are:

Total distance,

= 188 miles

Total gas used,

= 8

Now,

⇒ The rate of gas consumption will be:

= [tex]\frac{Total \ distance}{Total \ gas \ used}[/tex]

By putting the given values in the above formula, we get

= [tex]\frac{188}{8}[/tex]

= [tex]23.5 \ miles/gallon[/tex]

Thus the above is the appropriate solution.

Learn more about gas consumption here:

https://brainly.com/question/17321062

Given ADEF: ARST, find the scale factor

Answers

Answer:

the scale factor is 3/4

x = 16×3/4 = 12

Step-by-step explanation:

the only side length we have for both triangles is the short left side.

we see that we get ED from SR and need to transform 4 into 3. how do we do that ?

well,

4×f = 3

f = 3/4

that is the scaling factor, as all side lengths in EDF are created by multiplying the corresponding side in SRT by the same scaling factor (3/4).

therefore,

x = EF = ST×f = 16×3/4 = 4×3 = 12

Answer:

The scale factor is 4/3 and x is 12

Step-by-step explanation:

→ Divide RS by DE

4 ÷ 3 = 4/3

→ Divide the answer by 16

16 ÷ 4/3 = 12

brainliest to correct

Answers

Answer:

27

Step-by-step explanation:

Answer:

27

Step-by-step explanation:

-9 × -3

= 27

Note: When you multiply two integers with same sign, then their product is positive.

NO LINKS OR ANSWERING QUESTIONS YOU DON'T KNOW!!!

Find the 5th term for the following recursive formulas/sequences. SHOW YOUR WORK!!

c. 1/6, 2/3, 8/3, . . .

Answers

Answer:

128/3

Step-by-step explanation:

The sequence follow the rule (1/6)*(4)^(n-1). The 5th term will be (1/6)*(4)^4=128/3

Answer:

128/3

Step-by-step explanation:

1/6, 2/3, 8/3, . . .

1/6, 4/6, 16/6

We are multiplying by 4 each time

1/6 *4 = 4/6

4/6 * 4 = 16/6

This is a geometric sequence with the common ratio of 4

an = a1 (r)^(n-1)

an = 1/6 (4) ^(n-1)

Let n = 5

a5 = 1/6 (4)^(5-1)

a5 = 1/6 (4)^4

a5 = 1/6 * 256

a5 =128/3

A)15.8 inches
B) 17.8 inches
C)16.2 inches
D)14.8 inches

Answers

Answer:

B

Step-by-step explanation:

Use pythagorean theorem

4^2+5^2=AC^2, AC= 6.4

7^2+9^2=CB^2, CB=11.4

A line has a slope of 11 and passes through the point (5,7). Which of these is an equation for the line? O A. y-7 = -11(x - 5) B. y + 7 = 11(x + 5) O C. y-5 = -11(x - 7) O D. y - 7 = 11(x - 5) SUBMIT​

Answers

Answer:

D. y - 7 = 11(x - 5)

Step-by-step explanation:

Use point slope form, y - y1 = m(x - x1), where m is the slope and (x1, y1) is a point on the line.

Plug in the given slope and point:

y - y1 = m(x - x1)

y - 7 = 11(x - 5)

So, the correct answer is D. y - 7 = 11(x - 5)

find the probability of rolling a sum of a three first and then a sum of nine when a pair of dice is rolled twice

Answers

Answer:

Step-by-step explanation:

favorable events for a sum of 3 are 12,21

P(sum 3)=2/36=1/18

favorable events for a sum of 9 are 36,63,45,54

P(sum of 9)=9/36=1/4

Hi friends,
Please assist with my question below.

In a right angle triangle, an angle of 30 degrees has an adjacent side which measures 17 cm. what is the length of its hypotenuse?

Answers

Answer : 19.6cm

I hope this helps you! Have a good day!

1. A tank is 3/5 full of water. After 330 litres of water is drawn out, it becomes 2/7 full. Find the capacity of the tank in litres.​

Answers

Answer:

1050

Step-by-step explanation:

Let x = full capacity

[tex]\frac{3}{5} x=\frac{2}{7} x+330[/tex]

Move the variable to the left side by subtracting both sides by [tex]\frac{2}{7} x[/tex]

[tex]\frac{3}{5} x-\frac{2}{7}x=\frac{2}{7} x+330 -\frac{2}{7}x[/tex]

[tex]\frac{3}{5} x-\frac{2}{7} x=330[/tex]

Combine the like terms (don't forget about common denominator)

[tex]\frac{21}{35} x-\frac{10}{35} x=330[/tex]

[tex]\frac{11}{35} x=330[/tex]

Multiply both sides by [tex]\frac{35}{11}[/tex] to isolate the x

[tex](\frac{35}{11})\frac{11}{35} x=330(\frac{35}{11})[/tex]

[tex]x = 1050[/tex]

Quan điểm quản lý của trường phái đưc trị

Answers

.・。.・゜✭・Srry but which language is this!?

There is a circle with a center of 0,0 on a coordinate plane. There is one point on the circle's circumference in which the x:y ratio is 3:1. What is a possible coordinate?

Answers

Answer:

(3, 1)

Step-by-step explanation:

A circle with radius √10 and centre at (0, 0) will have a point (3, 1) on its circumference.


prove it using mathematical induction

Answers

Answer:

Mathematical induction can be used to prove that an identity is valid for all integers n≥1. Here is a typical example of such an identity: 1+2+3+⋯+n=n(n+1)2. More generally, we can use mathematical induction to prove that a propositional function P(n) is true for all integers n≥1.

Step-by-step explanation:

I'd really appreciate a brainleast please:)

Simplify the exponential expression -8 squared

Answers

The answer is 64 because when you square something you are multiplying the number by the number.
Example: 4 squared= 4x4 which is 16

Answer:

-64

Step-by-step explanation:

-8^2

-8( -8)

=-64

Write an inequality, in slope-intercept form, for the graph below. If necessary,
use *<=' for sor">=' for .
(0,4)
(2.0)

Answers

Answer:

y<=(-2x+4)

Step-by-step explanation:

The equation of line is y=-2x+4. For the region left of it, y<=(-2x+4)

Aku has less than 3 times as many mangoes as Alaba and half as many mangoes as Amina if alaba has x mangoes the interns of x then how many mangoes do aku alaba and Amina have in combined

Answers

Answer:

I have no clue my bad bro.

How to solve this question. I need to show my work for this question.
A cookie recipe calls for 3 eggs and makes 4 dozen cookies.
a). How many cookies could you make with a dozen eggs?
b). How many eggs would you need to make 18 dozen cookies?

Answers

Step-by-step explanation:

Recall that 1 dozen = 12 so 4 dozen cookies has a total of 48 cookies. We are going to use the following ratios to solve the problem:

[tex]\left(\dfrac{3\:\text{eggs}}{48\:\text{cookies}}\right)[/tex] and [tex]\left(\dfrac{48\:\text{cookies}}{3\:\text{eggs}}\right)[/tex]

a) [tex]12\:\text{eggs}×\left(\dfrac{48\:\text{cookies}}{3\:\text{eggs}}\right) = 192\:\text{cookies}[/tex]

b) 18 dozen cookies = 216 cookies

[tex]216\:\text{cookies}×\left(\dfrac{3\:\text{eggs}}{48\:\text{cookies}}\right) = 13.5\:\text{eggs}[/tex]

Which equation represents a slope of −4 and y-intercept of (0,2)?
y = −4x + 2
y = −2x
y = −2x − 4
y = 4x + 2

Answers

Answer:

y=-4x+2

Step-by-step explanation:

Hi there!

We want to find out which equation represents a line with a slope of -4 and a y intercept of (0,2)

The most common way to write the equation of the line is in slope-intercept form, which is y=mx+b, where m is the slope and b is the y intercept

We have everything we need to plug into the equation, let's just label the values to avoid confusion

m=-4

b=2 (when you substitute the y intercept as b, b is the value of y in the point)

Now substitute into the equation

y=-4x+2

Hope this helps!

A chef is going to use a mixture two different brands of Italian dressing the first spring and days 5% vinegar the second brain contains 15% vinegar the sheriff wants to make 390$ ml addressing that is 9% vinegar how much of each brand should she use

Answers

I guess the chef is making the mixture for the sheriff... Let x be the amount of dressing with 5% vinegar that is required, and y the amount of 15% vinegar dressing (both amounts in mL).

The sheriff wants 390 mL of the mixed dressing, so that

x + y = 390

x mL of the 5% dressing contains 0.05x mL of vinegar, while y mL of the 15% dressing contains 0.15y mL of vinegar. The resulting mixture should have a concentration of 9% vinegar, so that it contains 0.09 (390 mL) = 35.1 mL of vinegar. This means

0.05x + 0.15y = 35.1

Solve for x and y :

y = 390 - x

0.05x + 0.15 (390 - x) = 35.1

0.05x + 58.5 - 0.15x = 35.1

23.4 = 0.10x

x = 234

y = 156

Find the equation of the line passing through the point (1, -5)
and perpendicular to y 1x + 2

Answers

Answer:

-8 and 3

Step-by-step explanation:

The slope of the line will be - 8, the equation is y=-8x+3

Solve the inequality (help pls)

Answers

Answer:

B

Step-by-step explanation:

(-2/3x)-10<1/3

(-2/3x)<1/3+10

(-2/3x)<31/3

x>-31/2, -31/2=-15 (1/2), x> - 15 (1/2)

An organization consists of 8,684 employees. They decided to conduct a survey about their new vacation policies. The organization surveyed 884 of their employees and found that 36% of those surveyed disliked the new vacation policies. Assuming a 95% confidence level, which of the following statements holds true?

Answers

Answer:

A. As the sample size is appropriately large, the margin of error is ±0.032.

Step-by-step explanation:

The margin of error is ±0.032 and the sample size is appropriately large. Therefore, the correct option is A.

PHOTO WILL BE UR Bsf when doing math lol

Please find this answer!! :)

Answers

Answer:

Amanda's box is in this case, the bigger one. Then subtract the Amanda's by Mary's. The Larger box is 70cm^3 larger then the smaller box.

Step-by-step explanation:

Amanda's box: 13.5*10*10= 1350cm^3

Mary's box: 20*8*8= 1280cm^3

1350-1280=70

The larger box is 70cm^3 larger then the smaller box.

If you have any questions regarding my answer tell me in the comments, i will come answer them. Have a good day.

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