Private colleges and universities rely on money contributed by individuals and corporations for their operating expenses. Much of this money is put into a fund called an​ endowment, and the college spends only the interest earned by the fund. A recent survey of 8 private colleges in the United States revealed the following endowments​ (in millions of​ dollars): 60.2,​ 47.0, 235.1,​ 490.0, 122.6,​ 177.5, 95.4, and 220.0. Summary statistics yield 180.975 and s143.042. Calculate a​ 95% confidence interval for the mean endowment of all the private colleges in the United States assuming a normal distribution for the endowments. Round to three decimal places.

Answers

Answer 1

Answer:

The 95% confidence interval   [tex] 81.852  <  \mu <  280.098 [/tex]

Step-by-step explanation:

From the question we are told that

   The  sample mean is  [tex]\= x  =  180.975[/tex]

   The standard deviation is  [tex]\sigma  =  143.042[/tex]

   The sample size is n = 8

Given that the confidence level is  95%  then the level of significance is  

    [tex]\alpha =( 100- 95) \%[/tex]

=>  [tex]\alpha =0.05[/tex]    

Generally from the normal distribution table the critical value  of  [tex]\frac{\alpha }{2}[/tex] is  

   [tex]Z_{\frac{\alpha }{2} } =  1.96[/tex]

Generally the margin of error is mathematically represented as  

      [tex]E = Z_{\frac{\alpha }{2} } *  \frac{\sigma }{\sqrt{n} }[/tex]

=>  [tex]E = 1.96 *  \frac{ 143.042 }{\sqrt{8} }[/tex]

=>  [tex]E = 99.123 [/tex]

Generally 95% confidence interval is mathematically represented as  

      [tex]\= x -E <  \mu <  \=x  +E[/tex]

=>    [tex]180.975 -99.123 <  p <  180.975 +99.123[/tex]

=>    [tex] 81.852  <  \mu <  280.098 [/tex]

   

Answer 2

Using the t-distribution, it is found that the 95% confidence interval for the mean endowment of all the private colleges in the United States assuming a normal distribution for the endowments, in millions of dollars, is (61.39, 300.56).

The information given is:

Sample mean of [tex]\overline{x} = 180.975[/tex].Sample standard deviation of [tex]s = 143.042[/tex]Sample size of [tex]n = 8[/tex].

We have the standard deviation for the sample, hence, the t-distribution is used.

The interval is given by:

[tex]\overline{x} \pm t\frac{s}{\sqrt{n}}[/tex]

The critical value for a two-tailed 95% confidence interval with 8 - 1 = 7 df is t = 2.3646.

Then:

[tex]\overline{x} - t\frac{s}{\sqrt{n}} = 180.975 - 2.3646\frac{143.042}{\sqrt{8}} = 61.39[/tex]

[tex]\overline{x} + t\frac{s}{\sqrt{n}} = 180.975 + 2.3646\frac{143.042}{\sqrt{8}} = 300.56[/tex]

The 95% confidence interval for the mean endowment of all the private colleges in the United States assuming a normal distribution for the endowments, in millions of dollars, is (61.39, 300.56).

To learn more about the t-distribution, you can take a look at https://brainly.com/question/25077184


Related Questions

a person buys a washing machine in the condition that he shall pay sum of INR 5880 at the cash down payment and the same sum at the end of the first year and two years. what is the total interest paid by him in this scheme, if the rate of interest is 5% compounded yearly?​

Answers

Answer: $827

Step-by-step explanation:

Given that :

Cash down payment = 5880

Payment at end of first year = 5880

Payment at end of second year = 5880

Interest rate = 5% = 0.05 compounded yearly

Let purchase amount = y

Amount left after cash down = amount on which interest is paid = y - 5880

Interest at end of first year :

(y - 5880) * 0.05 = 0.05y - 294

Amount to pay plus interest :

Amount left after cash down payment - amount paid at end of first year + interest

y - 5880 - 5880 + 0.05y - 294

y - 12054 + 0.05y

= 1.05y - 12054

2nd year interest :

(1.05y - 12054) * 0.05

= 0.0525y - 602.7

Amount left + interest = 2nd year payment

(1.05y - 12054) + (0.0525y - 602.7) = 5880

1.1025y - 12656.7 = 5880

1.1025y = 5880 + 12656.7

1.1025y = 18536.7

y = 18536.7 / 1.1025

y = 16813.33

Hence,

Sales price of washing machine = 16813.33

Total amount paid = (5880 + 5880 + 5880) = 17640

Interest paid = $(17640 - 16813.33) = $826.67

= $827

The total interest paid by him in this scheme, if the rate of interest is 5% compounded yearly is INR 826.67

Given:

Down payment = INR 5880

Payment at end of first year = INR 5880 (same as down payment)

Payment at end of second year = INR 5880 (same as down payment)

Interest rate = 5%

= 5/100

= 0.05 compounded yearly

Amount of purchase = x

Amount remaining after down payment

= x - 5880

Interest at end of first year :

(x - 5880) * 0.05(5,880)

= 0.05x - 294

Amount to pay plus interest = Amount remaining after down payment - amount paid at end of first year + interest

= x - 5880 - 5880 + 0.05x - 294

= x - 12,054 + 0.05x

= 1.05x - 12,054

2nd year interest :

(1.05x - 12054) * 0.05

= 0.0525x - 602.7

Amount left + interest = 2nd year payment

(1.05x - 12054) + (0.0525x - 602.7) = 5880

1.1025x - 12656.7 = 5880

1.1025x = 5880 + 12656.7

1.1025x = 18536.7

divide both sides by 1.1025

x = 18536.7 / 1.1025

x = 16,813.33

Therefore, The cost of washing machine b is INR 16,813.33

Total amount paid = (5880 + 5880 + 5880) = INR 17,640

Amount of Interest paid = (17640 - 16813.33)

= INR 826.67

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https://brainly.com/question/18456266

Bob the builder is making 540 kg of concrete mix.
Concrete is made by mixing cement, sand and gravel in the ratio 1:3:5
How much gravel does he need?

Answers

Answer:

300 kg

Step-by-step explanation:

Let Constant Ratio be x:

x+3x+5x = 540

9x = 540

x = 60 kg

So, weight of gravel (W) = 5x

5 x 60

W = 300 kg (ANS)

3.
Billy has 20 pencils. Melissa gives Billy some shells.
Billy has 20 pencils. Now Billy has 36 shells. How many shells did Melissa
give him?
melissa give him?

Answers

Answer:

36. Melissa did not give Billy any pencils.

Answer:

Step-by-step explanation:

Melissa gave Billy 36 shells

What is the Square root of 3664?

Answers

Answer:

60.5

Thanks!

Mark me brainliest!

~[tex]FieryAnswererGT[/tex]~

Six country music bands and 3 rock bands are signed up to perform at an all-day festival. How many different orders can the bands play in if each band type must play in a row

Answers

Answer:

hey do you still need the answer

Step-by-step explanation:

100 points please help me asap!!

Answers

Answer:

[tex](x+5)^2=4[/tex]

Step-by-step explanation:

We have:

[tex]x^2+10x+21=0[/tex]

First, subtract 21 from both sides:

[tex]x^2+10x=-21[/tex]

Now, we can complete the square. We will divide the coefficient of the b term and square it. So:

[tex](\frac{b}{2})^2\Rightarrow(\frac{10}{2})^2=(5)^2=25[/tex]

So, we will add 25 to both sides:

[tex](x^2+10+25)=-21+25[/tex]

The left is the perfect square trinomial pattern. Add on the right:

[tex]((x)^2+2(5)(x)+(5)^2)=4[/tex]

Final step:

[tex](x+5)^2=4[/tex]

Rashad has 24 almonds and 32 walnuts for making snack bags. He wants to make as many snack bags as possible and wants each bag to have the same amount of almonds and walnuts. What is the largest number of snack bags he could make?

Question 4 options:

3 bags


4 bags


8 bags


16 bags

Answers

Answer:

4 bags

Step-by-step explanation:

Answer:

3 bags

Step-by-step explanation:

each bag will have 8 almonds and 8 walnuts.

What number times 10 equals 30 tens

Answers

Answer:

30

Step-by-step explanation:

Because 30 tens = 300

30 x 10 = 300

The temperature in the morning was -15 degrees. By the afternoon it was 45 degrees. What was the change in temperature?

Answers

Answer:

60 degrees

Step-by-step explanation:

Answer:

The answer is 60

Step-by-step explanation:

45-60 = -15

Help math math ASAP pelsss

Answers

Answer:

y = 3x - 6

Step-by-step explanation:

What you do is you plug both points in for the equation 2 times and solve as a system of equations.

Equation of a line: y = mx + b

(x,y) = (3,3)

(x,y) = (6,12)

3 = 3m + b

12 = 6m + b

Subtract equations to get rid of b to solve for m.

12 - 3 = 6m - 3m + b - b

9 = 3m

m = 3

Plug m back into both equations get b.

3 = 3(3) + b

b = -6

12 = 6(3) + b

b = -6

y = 3x - 6

Answer:

[tex]\displaystyle y = 3x - 6[/tex]

Step-by-step explanation:

First, find the rate of change of the line:

[tex]\displaystyle \frac{-y_1 + y_2}{-x_1 + x_2} = m \\ \\ \frac{-3 + 12}{-3 + 6} = m \hookrightarrow \frac{9}{3} = m \\ \\ \boxed{3 = m}[/tex]

_______________________________________________

Now plug all the information into the Slope-Intercept Formula. It does not matter which ordered pair is chosen:

[tex]\displaystyle 12 = 3[6] + b \hookrightarrow 12 = 18 + b; -6 = b \\ \\ \boxed{\boxed{y = 3x - 6}} \\ \\ OR \\ \\ 3 = 3[3] + b \hookrightarrow 3 = 9 + b; -6 = b \\ \\ \boxed{\boxed{y = 3x - 6}}[/tex]

I am joyous to assist you at any time.

5055 X 550 + 32 - 99 + 43333 X 5 =

first right gits branlist

Answers

The answer 2996848 your welcome

Answer:

the answer is 2996848

Step-by-step explanation:

Please help me with this

Answers

Answer:

Step-by-step explanation:

Both angles added together = 180 degrees. They both have a straight line as their base.

So let <ABC = x

Then <CBD = 3x      Add the two angles

x + 3x = 180              Combine

4x = 180                    Divide by 4

4x/4 = 180/4

x = 45

So 3x = 3*45 = 135


Which lines or segments are parallel? Justify your answer.

Answers

Answer:

KR //MT

Since angle JKR and LMT are equal as they are corresponding angle.

Points A, B, and C are on line AC.

A horizontal line has points A, B, C. A line extends from point B up and to the left to point D. Angle D B C is 140 degrees.
Angle CBD has a measure of 140°. What is the measure of angle ABD?

40°
50°
60°
70°

Answers

Answer:

50° Because considering the total angles is still half a line segment 50° is

Answer:

40 degrees  A for me on EDG 2022

Step-by-step explanation:

June 21st

Angles a and B are supplementary if the measure of the angle a is 81 what is the measure of angle b

Answers

Answer: 99

Step-by-step explanation:

Supplementary angles add to 180 degrees, 180-81=99

The perimeter of the figure below is 35. Find
the missing value.

Answers

Answer: 7 feet

Step 1: Add the values of the sides we know the length of.

9 + 9 + 10 = 28.

Step 2: Subtract the number 28 from 35.

35 - 28 = 7

The answer is 7. Hope this helps!

Answer:

35 - 28 = 7

Step-by-step explanation:

7

Thanks bro...

Graph f(x)=−0.25x+4.

Use the line tool and select two points to graph the line.
The file attached is the answer

Answers

Answer:

Step-by-step explanation:

Given function to be graphed is,

f(x) = -0.25x + 4

Table for the graph of the given function will be,

x        -2         0         2          4           6          8

f(x)     4.5       4        3.5        3          2.5        0

Now we can plot these points on the graph to find a line.

Graph of the linear function will be as the graph attached.

Answer:

Step-by-step explanation:

I took the test

Help help math math math

Answers

Answer:

y=5x+7

Step-by-step explanation:

y-y₁=m(x-x₁) will be our starting equation

Now input (-2, -3) and 5 as our slope because a parallel line has the same slope.

y-(-3)=5(x-(-2))  Input

y+3=5(x+2)      Simplify

y+3=5x+10      Distribute 5 into the parenthesis

y=5x+7            Subtract 3 from both sides

Answer:

y=5x+7

Step-by-step explanation:

y=1.5283e^0.011x when x = 2020

Answers

Answer:

This is the answer, and I'm not very sure of it

Please help!! I'm pretty sure it's A or D. I'm not sure which one though.

Answers

I’m pretty sure that it’s A

The perimeter of a rectangle is 14 inches. The equation that represents the perimeter of the rectangle is 2l+2w=14, where l represents the length of the rectangle and w represents the width of the rectangle. Which value is possible for the length of the rectangle?
6 inches

7 inches

8 inches

9 inches

Answers

Answer:

6 inches

Step-by-step explanation:

6 inches is the only feasible answer because if the length is 6 inches, you have 6 + 6  which equals 12. This leaves 2 more units for the perimeter so the width would be 1 unit. The other choices could not exist, because 7 x 2 is 14 (no units left for width, and the width of a rectangle cannot be 0), 8 x 2 is 16, and 9 x 2 is 18.

do the values in the table represent a proportional relationship?

x 2 3 4 5
y 5 6 7 8

Answers

Answer:

yes a 1:1 ratio

Step-by-step explanation:

‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎‎

Yes 1:1 ratio hope it’s okay

Please answer right ....

Answers

Answer:

[tex]2\frac{13}{120}[/tex]

Step-by-step explanation:

**Fractions for addition and/or subtraction need equal denominators

Alike denominators in parentheses

[tex]4\frac{2}{5} -(1\frac{2}{3}+\frac{5}{8})\\4\frac{2}{5} -(1\frac{2}{3}(\frac{8}{8}) +\frac{5}{8}(\frac{3}{3} ))\\4\frac{2}{5}-(1\frac{16}{24}+\frac{15}{24})\\4\frac{3}{5} -(1\frac{31}{24} )\\4\frac{3}{5} -(2\frac{7}{24} )[/tex]

[tex]4\frac{2}{5}-2\frac{7}{24}[/tex]

Solve

[tex]4\frac{2}{5}-2\frac{7}{24} \\4\frac{2}{5}(\frac{24}{24}) -2\frac{7}{24}(\frac{5}{5})\\4\frac{48}{120}-2\frac{35}{120}\\2\frac{13}{120}[/tex]

solution for .05n + .10d = .75

Answers

Answer:

d=−0.5n+7.5, n=−2d+15

Step-by-step explanation:

Write the domain and range of the function using interval notation.

Answers

Answer:

D: -12

R:6

Step-by-step explanation:

I hope this right

Find the measure of one interior angle of a regular 23-gon.

A. 164.3
B. 160
C. 165.6
D. 161.1

Answers

180(23-2)/23

180(21)/23
3780/23
164.3

question is attached thanks ​

Answers

Take two points

(0,0)(-2,-4)

Slope:-

[tex]\\ \sf\longmapsto \dfrac{-4}{-2}=2[/tex]

Equation in point slope form

[tex]\\ \sf\longmapsto y-y_1=m(x-x_1)[/tex]

[tex]\\ \sf\longmapsto y=2x[/tex]

In slope intercept form

y=2x+0

Answer:

Step-by-step explanation:

Line passes through origin (0, 0) so y-intercept is zero: b=0

At x=2, y=4 so slope is 4/2=2: m=2

Answer is y = 2x

Solve for x. Choose the best simplified radical answer where applicable. NO LINKS!!

Answers

Answer:

  d.  x = 10  (the correct answer is marked)

Step-by-step explanation:

The Pythagorean theorem tells you the sum of the squares of the sides of a right triangle is the square of the hypotenuse.

  x² +4² = (2√29)²

  x² +16 = 116 . . . compute the squares

  x² = 100 . . . . subtract 16

  x = 10 . . . . take the square root

Answer:

d) [tex]\sf x=10[/tex]

Step-by-step explanation:

Pythagoras' Theorem:  [tex]\sf a^2+b^2=c^2[/tex]

(where [tex]\sf a[/tex] and [tex]\sf b[/tex] are the legs, and [tex]\sf c[/tex] is the hypotenuse, of a right triangle)

Given:

[tex]\sf a=4[/tex][tex]\sf b=x[/tex][tex]\sf c=2\sqrt{29}[/tex]

Substituting these values into the equation and solving for [tex]\sf x[/tex]:

[tex]\sf \implies 4^2+x^2=(2\sqrt{29})^2[/tex]

[tex]\sf \implies 16+x^2=116[/tex]

[tex]\sf \implies x^2=116-16[/tex]

[tex]\sf \implies x^2=100[/tex]

[tex]\sf \implies x=\pm \sqrt{100}[/tex]

[tex]\sf \implies x=\pm10[/tex]

Since distance is positive, [tex]\sf x=10[/tex] only

Therefore, the answer is d) [tex]\sf x=10[/tex].

Carmen bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $200 less than the desktop. She pald for the computers
using two different financing plans. For the desktop the interest rate was 9% per year, and for the laptop it was 7% per year. The total finance charges for one
year were $306. How much did each computer cost before finance charges?

Answers

Let x = cost of desktop computer; then x - 250 = cost of laptop computer

converting % to decimals, 9% = 0.09 and 6% = 0.06

Then, 0.09x + (x - 250)0.06 = $300
0.09x + 0.06x - 15 = $300
0.15x = $315
x = $2100
then x - 250 = $1850

Proof: $2100•0.09 + 1850•0.06 = $189 + $111 = $300

Lizzie runs every 8 days and Wilson runs every 12 days. If they both ran together today, in how many days will they run together again?

Answers

Answer:

We have to find the LCM(least common multiple) of the two numbers.

24 is the LCM, because;

Multiples of 8 are -

8 x 1 = 8

8 x 2 = 16

8 x 3 = 24

Multiples of 12 are -

1 x 12 = 12

2 x 12 = 24

24 is their least common multiple.

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