Confidence interval for the population mean

Assignment Help Finance Basics
Reference no: EM131435509

The mean federal income tax paid last year by a random sample of 36 persons selected from a city was $ 4340. Suppose the standard deviation of tax paid in this city is σ = $ 756. The 95% confidence interval for the population mean (rounded to two decimal places) is:

  • The lower limit is $
  • The upper limit is $

Reference no: EM131435509

Questions Cloud

John went to see the doctor about a severe headache : John went to see the doctor about a severe headache. The doctor selected John at random to have a blood test for swine flu, which is suspected to affect 1 in 5,000 people in this country.
How did you violate the nonverbal norms : How did you violate the nonverbal norms? Descri be what you did, with whom, and where. (Remember: the violation should've occurred at least five times with five different people.)
Explain the decision making model and consumer decisions : The Decision Making Model is discussed in Chapter 4 of the text. Position yourself as a consumer in the health care market. Describe a decision that you may be faced with and explain the decision making model and consumer decisions model as it r..
Write a paper on spiritual event : Write a paper on Spiritual Event - For my Spiritual Event I picked How to be a Muslim Ally: A Step by Step Guide.
Confidence interval for the population mean : The mean federal income tax paid last year by a random sample of 36 persons selected from a city was $ 4340. Suppose the standard deviation of tax paid in this city is σ = $ 756. The 95% confidence interval for the population mean (rounded to two ..
True proportion of vehicles not covered by insurance : Additional Comments: According to statistics reported on CNBC, a surprising number of motor vehicles are not covered by insurance. Simple results, consistent with the CNBC report, showed 47 of 211 vehicles were not covered by insurance. Question: ..
Confidence interval for the population mean : A sample of size 78 from a population having standard deviation σ = 44 produced a mean of 234.00. The 95% confidence interval for the population mean (rounded to two decimal places) is:
Briefly identify the policy or proposed policy : Briefly identify the policy or proposed policy. A one-sentence or one-paragraph (for the more complex policies) description will suffice - Identify the perceived "need" or the purpose of the policy, for example, to reduce crime, to improve traffi..
Approximate it using a gaussian distribution : Suppose that p(x) is some fixed distribution and that we wish to approximate it using a Gaussian distribution q(x) = N (x|μ, Σ). By writing down the form of the KL divergence KL(p q) for a Gaussian q(x) and then differentiating, show that minimiza..

Reviews

Write a Review

Finance Basics Questions & Answers

  Nominal interest rate compounded quarterly

The value of a 7 year lease that requires payments of $850 made at the beginning of every quarter is $20,900. What is the nominal interest rate compounded quarterly? Round to two decimal places.

  What is the portfolio beta

Based on the following information, what is the portfolio beta?

  Find the month and year of the last payment

Assume that the first payment is made in January of the current year. Find the month and year of the last payment. Find the date of the first month when the amount applied to the principal exceeds the amount of interest paid.

  The market value of debt is 300000 the market value of

patrick company expects to generate free-cash of 120000 per year forever. if the firms required return is 12 percent

  Financial theory and concepts

This assessment task covers topics covered in week 1 to 6 and has been designed to ensure that you are engaging with the subject content on a regular basis.

  Rand corporation is considering five different investment

rand corporation is considering five different investment opportunities. the companys cost of capital is 12 percent.

  What is the annual cost now

Using a week (7 days) as a base period, round the orders to nearest power of 2. If you charge the fixed trucking fee only once for deliveries that coincide what is the annual cost now?

  Quartz corporation is a relatively new firm quartz has

quartz corporation is a relatively new firm. quartz has experienced enough losses during its early years to provide it

  How much can a homeowner afford to spend

how much can a homeowner afford to spend for a geothermal heat pump if the interest rate is 9% per year? The expected life of the heat pump is 15 years.

  Have you experienced generational conflict at work

Have you experienced generational conflict at work or in another part of your life? Has your reading this week on generations changed your views regarding this experience or helped you understand what occurred?

  What are the amount and frequency of the dividend payments

An equipment trust bond with a face value of $10,000 has a bond coupon rate of 8% per year, payable quarterly. What are the amount and frequency of the dividend payments?

  How big a monthly payment could the burton family afford

Would it make any difference if they were already making monthly installment loan payments totaling 750 on two car loans?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd