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You are a diabetes nurse educator that offers monthly group sessions for people living in the community that have been diagnosed with type II diabetes (T2DM). You randomly sample 10 clients attending one of your sessions, and find the mean age of the sample is 27. Assume the population of people living in the community with T2DM is approximately normally distributed with a known variance of 20.
(i) Assuming α= 0.05, can you conclude that the true mean age of the clients attending your sessions is 30?
What is the 95% confidence interval for the true mean age of this population?
You come across a European call that has 6 months to expiration and has an expiration price of $30 which is priced at $2 by the market.
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Assuming a normal distribution, construct a 99 percent confidence interval for µ.
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Costello Corp. has total assets of $200 million; long-term debt of $50 million; and total owner's equity of $120 million. What is the firm's total debt ratio?
If the current balance is $14,790, how long will it take for the account to be paid off?
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