Almost all employees working for financial companies in New York City receive large bonuses at the end of the year. A sample of 62 employees selected from financial companies in New York City showed that they received an average bonus of $47,000 last year with a standard deviation of $15,000. Construct a 90% confidence interval for the average bonus that all employees working for financial companies in New York City received last year.

Answers

Answer 1

Answer:

The 90% confidence interval for the average bonus that all employees working for financial companies in New York City received last year is between $43,819 and $50,181

Step-by-step explanation:

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

T interval

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

df = 62 - 1 = 61

90% confidence interval

Now, we have to find a value of T, which is found looking at the t table, with 61 degrees of freedom(y-axis) and a confidence level of [tex]1 - \frac{1 - 0.9}{2} = 0.95[/tex]. So we have T = 1.67

The margin of error is:

[tex]M = T\frac{s}{\sqrt{n}} = 1.67\frac{15000}{\sqrt{62}} = 3181[/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 47000 - 3181 = $43,819

The upper end of the interval is the sample mean added to M. So it is 47000 + 3181 = $50,181

The 90% confidence interval for the average bonus that all employees working for financial companies in New York City received last year is between $43,819 and $50,181


Related Questions

Need Help ASAP : Math Question : Professional football field is 160 feet wide. What's the width of the field in yards?

Answers

Answer:

53.3333

Step-by-step explanation:

I took 160 feet and converted it to yards

I need help please. ​

Answers

Supplementary angles add up to 180
So
I tho l it’s B

Mr. Ledford is concerned about the amount of sleep the students in his district are getting. He selects a random sample of 14 seniors in his district and asks them how many hours of sleep they get on a typical school night. He then uses school records to determine the most recent grade-point average (GPA) for each student. His regression output along with a residual plot and a histogram of the residuals are given below.

Sleep (hrs) 9 8.5 9 7 7.56 7 5.5 6 8.5 6.5 8
GPA 3.8 3.3 3.5 3.6 3.4 3.3 3.2 3.2 3.2 3.4 3.6 3.1 3.4 3.7

Required:
Do these data provide convincing evidence of a linear relationship between the hours of sleep students typically get and their academic performance, as measured by their GPA?

Answers

Answer:

Hence, the data provides convincing evidence that a linear relationship exists between hours of sleep observed and academic performance as measured by GPA.

Step-by-step explanation:

Given the data:

Sleep (hrs) 9 8.5 9 7 7.56 7 5.5 6 8.5 6.5 8

GPA 3.8 3.3 3.5 3.6 3.4 3.3 3.2 3.2 3.2 3.4 3.6 3.1 3.4 3.7

The scatter plot shows a positive linear trend. With the correlation Coefficient depicting a R value of 0.56. The residual plot also depicts a a randomly scattered values of the residual values. Similarly, a plot of the normal values of  residuals

The data provided has a linear correlation between the hours of sleep observed and academic performance as measured by GPA.  

What is correlation?

It is defined as the relation between two variables which is a quantitative type and gives an idea about the direction of these two variables.

We have given data of the 14 seniors shown in the table.

To solve this question we will calculate the correlation coefficient 'r'

The formula for correlation coefficient :

[tex]\rm r =\frac{n\sum xy-\sum x \sum y}{\sqrt{[n\sum x^2-(\sum x)^2]}[n\sum y^2-(\sum y)^2]} }[/tex]

From the table the value of n = 14

[tex]\rm \sum x = 104.5[/tex] , [tex]\rm \sum y =47.7[/tex] , [tex]\rm \sum xy =357.8[/tex] , [tex]\rm \sum x^2 =797.25[/tex] , [tex]\rm \sum y^2 =163.09[/tex]

Put all the values in the above formula we get:

[tex]\rm r =\frac{14\times357.8-104.5 \times47.7}{\sqrt{[14\times 797.25-104.5^2][14\times163.09-47.7^2]} }[/tex]

[tex]\rm r = \frac{5009.2-4984.65}{\sqrt{(241.25)(7.97)} }[/tex]

[tex]\rm r = \frac{24.55}{43.849}[/tex]

r = 0.559 ≈ 0.56

The value of the correlation coefficient is 0.56 which is between the values 0.5 to 0.7 shows that the variables are moderately correlated.

Thus, the data provided has a linear correlation between the hours of sleep observed and academic performance as measured by GPA.  

Learn more about the correlation here:

brainly.com/question/11705632

A high-school administrator who is concerned about the amount of sleep the students in his district are getting selects a random sample of 14 seniors in his district and asks them how many hours of sleep they get on a typical school night. He then uses school records to determine the most recent grade-point average (GPA) for each student. Here is the regression output. Assume the conditions for inference are met. 1.

Predictor Coef SE Coef T P
Constant 2.6476 0.3281 8.07 0.000
Sleep 0.10176 0.04347 **** *****

S = 0.1804
R-Sq = 31.3%
R-Sq(adj) = 25.6%

Required:
Predict the GPA for a senior in this district who gets 8 hours of sleep on a typical school night.

Answers

Answer:

3.46

Step-by-step explanation:

Given the regression output :

Predictor Coef ___SE __ Coef __ T ___ P

Constant 2.6476_0.3281_ 8.07 0.000

Sleep 0.10176 0.04347 **** *****

S = 0.1804

R-Sq = 31.3%

R-Sq(adj) = 25.6%

The regression equation which models the relationship between hours of sleep a student gets and his GPA can be obtained from the regression output :

The GPA is the dependent, y variable

Hours of sleep is the independent, x variable

y = 0.10176x + 2.6476

Hence, the GPA of a student who gets 8 hours of sleep on a typical school can be computed thus ;

Hours of sleep, x = 8

y = 0.10176(8) + 2.6476

y = 0.81408 + 2.6476

y = 3.46168

Thus, predicted GPA = 3.46

Take home pay is equal to

Answers

Answer:

gross income - ( required deductions + optional deductions )

. The figure below shows a circular
driveway. What is the area of the
driveway?

Answers

Answer:

C

Step-by-step explanation:

A= πr squared

D=r*2

r=24

π=3.14

A= π(24 * 24) = 576

A= π576

A=10808.64

A=10808.6

Choose the sets of equivalent expressions (select all that apply)

A. 4x and 5 + x

B. 2b + b and 3b

C. 3x and 3 + x

D. a ÷ 1/3 and 1/3 a

E. a ÷ 1/3 and a × 3

F. 1a and a

Answers

9514 1404 393

Answer:

  B, E, F

Step-by-step explanation:

A. 4x and 5 + x

B. 2b + b and 3b

C. 3x and 3 + x

D. a ÷ 1/3 and 1/3 a

E. a ÷ 1/3 and a × 3

F. 1a and a

_____

Comment on the above

ax is multiplication of x by 'a'. a+x is addition. They are different operations.

x/(1/3) is not the same as x(1/3). Multiplication and division are different operations.

-2 4/5 divided by -7

Answers

Answer:

2/5 or 0.4

Step-by-step explanation:

convert -14/5 / (-7)

divide 14/5 / 7  ( two negatives equal a positive)

equals 2/5 or 0.4 in decimal

the answer is 2/5 and an alternative form would be 0.4

Plzzzzzz helpppp me

Answers

Answer:

15

Step-by-step explanation:

Just substitute x in the equation

so x=3

so

3^2=9, 5x3=15, -9

equals 15

15.

start by replacing x with 3

so your equation now would look like

f(3)= (3)^2+5(3)-9

next start by doing exponents

f(3)= 9+5(3)-9

now you can do multiplication

f(3)= 9 + 15 - 9

add everything together

9 + 15 -9

your answer is 15. hope this helps

Wally counted 200 pennies from his piggy bank. He kept 80% of them. How many pennies did Wally keep?
Select one:

160

60

80

120

Answers

The correct answer is A 160


This solid was created by joining two right rectangular prisms.
7 cm
9 cm
5 cm
4
4 / 3cm
12 cm
Enter the volume of the solid in cubic centimeters.

Answers

Answer: 648

Step-by-step explanation:

Please help me out here.............

Answers

The answer is 21 pounds 7 ounces.

 Consider the line segment LP with endpoint at L (-3, -5) and P (9, 7) and midpoint M.

What is the x—coordinate of N, the point that partitions segment MP in a 1 : 1 ratio?

A. 4
B. -4
C. -6
D. 6

Answers

Answer:

D. 6

Step-by-step explanation:

Finding M:

M is the midpoint of L and P, which is given by the mean coordinates of L and P.

x for L is -3, and for P is 9. So

(-3 + 9)/2 = 6/2 = 3

Finding N:

N is the midpoint between M and P, that is, the mean between the coordinates of M and P. So

(3 + 9)/2 = 12/2 = 6

The correct answer is given by option D.

100% of 80 is what number?
Select one:

160

80

8

100

Answers

Answer:

80

explanation:

100% means that its the whole of something so all of the said number

Answer:

In converting to percentage we multiply by 100%

100% of 80 =

80/100 x 100%

0.8 x 100 = 80

NB the 100% of any number is the number itself

What is the factored form of this expression? 27n3+125n3

Answers

Answer:

27n³+125n³ = 152n³

5.337n)(5.337n)(5.337n)

Answer:

Step-by-step explanation: use math-way a chegg service

You need two bottles of fertilizer to treat the flower garden that has a perimeter of 42 feet. How many bottles do you need to treat a similar garden with a perimeter of 105 feet?

Answers

Answer:

5

Step-by-step explanation:

i think the answer is 5

5th grade math. correct answer will be marked brainliest

Answers

Answer:

sorry but the picture if you put one on here isn't showing up maybe Repost and I could answer

Where is the question

Inequality question PLEASE HELP

Answers

Answer:

40x4x<60

x<5

Step-by-step explanation:

40x4x<60

4x<60-40

4x<20

x<20÷4

x<5

f(x)=-2x² + 3x-6, find f (3)

Answers

Answer:

f(3) = -15

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right

Algebra I

FunctionsFunction Notation

Step-by-step explanation:

Step 1: Define

f(x) = -2x² + 3x - 6

f(3) is x = 3 for the function f(x)

Step 2: Evaluate

Substitute in x [Function]:                                                                                f(3) = -2(3)² + 3(3) - 6Exponents:                                                                                                        f(3) = -2(9) + 3(3) - 6Multiply:                                                                                                             f(3) = -18 + 9 - 6Add:                                                                                                                   f(3) = -9 - 6Subtract:                                                                                                            f(3) = -15

Answer:

f(3) = -15

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets

Parenthesis

Exponents

Multiplication

Division

Addition

Subtraction

Left to Right

Algebra I

Functions

Function Notation

Step-by-step explanation:

Step 1: Define

f(x) = -2x² + 3x - 6

f(3) is x = 3 for the function f(x)

Step 2: Evaluate

Substitute in x [Function]:                                                                                f(3) = -2(3)² + 3(3) - 6

Exponents:                                                                                                        f(3) = -2(9) + 3(3) - 6

Multiply:                                                                                                             f(3) = -18 + 9 - 6

Add:                                                                                                                   f(3) = -9 - 6

Subtract:                                                                                                            f(3) = -15

Look at the picture, I’ll give 40 points. If it’s correct

Answers

Answer:

8

Step-by-step explanation:

I don't know how to explain

Show your work
2) Is(-3,-7) a solution to
4x – 8y < 24
Show your work

Answers

Answer: false, 44 is not less than 24

Step-by-step explanation:

Substitute-3 for x and -7 for y.

4(-3)-8(-7)<24

-12+56<24

44<24


CYU/LP 15-1&2 SIMILAR FIGURES
5 of 7 5 of 7 Items


What is the common ratio(scale factor) of side AD to side WZ?
4/8
4/6
15/6
5/2

Answers

Answer:

Option 4

Step-by-step explanation:

Both the quadrilaterals are similar,

ABCD ~ WXYZ

Therefore, ratio of the corresponding sides will be constant in other words ratio of the corresponding sides will be common.

Scale factor = [tex]\frac{AD}{WZ}[/tex]

                    = [tex]\frac{15}{6}[/tex]

                    = [tex]\frac{5}{2}[/tex]

Therefore, option (4) will be the correct option.

Need answer please !!

Answers

You would use P Theorem
You would get D
You would get 13/3

What value of x makes the following equation true x + 10 = 18​

Answers

x+10=18. |-10 from both sides
x+10-10=18-10
x=8

Step-by-step explanation:

The value should be

X=18-10= 8

X=8 Answer

A car and a truck left Washington, DC traveling in opposite directions. The car traveled 19 miles per hour faster than the truck, and at the end of 8 hours they were 1048 miles apart. What was the average speed of each vehicle?

100 POINTS

Answers

Answer:

Step-by-step explanation:xmccc

Truck speed be x
Car travel at x+19
They travel in opposite directions so the separation is (x+x+19) * no. Of the hours
1048 = (2x+19)*8
X= ((1048/8)-19)/2
=56

Truck speed is 56 miles per hour
Car speed is 56+19=75 miles per hour

VERY EASY, WILL GIVE 50 POINTS FOR CORRECT ANSWER ASAP AND WILL GIVE BRAINLIEST.

Answers

Answer:

(3, -2)

Step-by-step explanation:

Ok so if yea I will eat smile and milk today and it will be good and healthy

y = -x + 2 –6x + 2y = 8​

Answers

Answer:

rewrite the whole expression;

X+Y =2

-6x + 2y = 8

divide the 2nd expression by 2 on both sides we get

-3x + y = 4

substract the 1st expression from the newly found 2nd expression

-3x-x + y-y = 8-2

-4x = 6; x= 3/2

y = 2-(3/2) = 1/2

x= 3/2 , y= 1/2

PLEASE ANSWER FOR BRAINLEST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1
Jeff wants to form a garden that is in the shape of a triangle. He has two lengths of fence that are 19 feet long and 12 feet long. He says he will be able to form a triangular garden with a third length of fence that is 8 feet long. Is Jeff correct or incorrect in his reasoning? Explain.

Answers

Answer: Jeff is correct.

Step-by-step explanation:

The sum of the two sides of the triangle must greater than the longest side, which in this case, the longest side is 19 feet.

8 + 12 ? 19

20 > 19

Therefore, Jeff is correct.

Can someone please give me this answer

Answers

Answer:

42°

Step-by-step explanation:

According to Exterior Angle Theorem,

an exterior angle of a ∆ is equal to the sum of the opposite interior angles.

So,

h+96°=138°

h=138°-96°

h=42°

if you add an exclamation I will give you a Brain list


A male animal can weigh up to 6,000 pounds.
How many tons is 6,000 pounds?
6,000 pounds is equivalent to what
tons.

Answers

Answer:

it would be 3 tons if I'm correct

Answer: 3 tons

Step-by-step explanation:

1 ton is equal to 2,000 pounds.

Divide 6,000 from 2,000 to find how many tons the animal weighs.

6,000/2,000=3.

Hope this helps!

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