The management of a department store is interested in estimating the difference between the mean credit purchases of customers using the store's credit card versus those customers using a national major credit card. You are given the following information. Assume the samples were selected randomly. Store's Card Major Credit Card Sample size 64 49 Sample mean $140 $125 Population standard deviation $10 $8 Refer to Exhibit 10-6. At 95% confidence, the margin of error is

Answers

Answer 1

Answer:

The margin of error is of $3.3124.

Step-by-step explanation:

Subtraction of normal variables:

When we subtract normal variables, the mean is the subtraction of the mean, while the standard deviation is the square root of the sum of the variances.

Central Limit Theorem

The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

Store's Card:

Sample of 64, mean of 140, standard deviation of 10, sample of 64, standard error of [tex]s = \frac{10}{\sqrt{64}} = 1.25[/tex]

Major Credit Card:

Sample of 39, mean of 125, Standard deviation of 8, Sample of 49, standard error of [tex]s = \frac{8}{\sqrt{49}} = 1.14[/tex]

Subtraction:

Mean: 140 - 125 = 15

Standard deviation:

[tex]\sigma = \sqrt{1.25^2+1.14^2} = 1.69[/tex]

Confidence interval:

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 - 0.95}{2} = 0.025[/tex]

Now, we have to find z in the Ztable as such z has a pvalue of [tex]1 - \alpha[/tex].

That is z with a pvalue of [tex]1 - 0.025 = 0.975[/tex], so Z = 1.96.

Now, find the margin of error M as such

[tex]M = zs[/tex]

Then

[tex]M = 1.96*1.69 = 3.3124[/tex]

The margin of error is of $3.3124.


Related Questions

In AFGH, FG – HF and mZF = 56°. Find m_H.

Answers

Answer:

m<H = 62°

Step-by-step explanation:

If FG is congruent to HF, it means their opposite angles are also congruent to each other. This implies that, <H = <G. Thus, ∆FGH is an isosceles triangle with base angles <F and <G.

Given that m<F = 56°, therefore:

56° + 2(m<H) = 180° (sum of triangle)

2(m<H) = 180° - 56°

2(m<H) = 124°

m<H = 124/2

m<H = 62°

Kevin wants to hike the Pacific Crest Trail, which is 2,653 miles long. If Kevin wants to
finish the hike in 7 months, how many miles should he hike each month?
miles

Answers

Answer:

378

Step-by-step explanation:

2,653 divided by 7

question is included in the picture​

Answers

Answer:

Step-by-step explanation:

d is the right answer

Answer:

tis d hope this helped have a great day

Step-by-step explanation:

Help urgent!! I’ll give branliest

Answers

Answer:

8.81

Step-by-step explanation:

Answer:

18.01 tak   myśle

Find the area of the regular polygon. Round to the nearest tenth.

Answers

Answer:

i dint know sorry

Step-by-step explanation:

One third is equivalent to what number over 12?

Answers

Answer:

4/12

Step-by-step explanation:

1/3=x/12

using the butterfly method you see that

12=3x

and when solved you get

x=4

giving you

4/12

Also multiply 1/3 by 4 on each side

One third is equivalent to 4 over 12.

What is the fraction?

In Mathematics, fractions are represented as a numerical value, which defines a part of a whole. A fraction can be a portion or section of any quantity out of a whole, where the whole can be any number, a specific value, or a thing.

Let the unknown number be x.

Here, 1/3 = x/12

Multiply both the numerator and denominator of 1/3 by 4, we get

4/12

So, 4/12 = x/12

x=12

Therefore, the unknown number is 12.

To learn more about the fraction visit:

brainly.com/question/1301963.

#SPJ3

find the next term in the sequence. please type the number only as you answer. hint first figure out if the sequence is arithmetic or geometric
-3,9,-27,81,​

Answers

Answer:

geometric

Step-by-step explanation: each number multiply by -3

mark me brainiest:)

What is the slope of the line that passes through the points (6, 2) and (4, 10)?
-4
-1/4
1/4
4

Answers

Answer:

A. -4 (should have negative sign.)

Step-by-step explanation:

Slope formula:

[tex]\sf \dfrac{Y_2-Y_1}{X_2-X_1}[/tex]

y2=10

y1=2

x2=4

x1=6

Solve.

[tex]\dfrac{10-2}{4-6}[/tex]

10-2=8

4-6=(-2)

Divide.

8÷(-2)=-4

So, the correct answer is -4.

your answer would be -4. I hope this helped

The area of a triangle is 18. The base is 6 inches. What is the height?

Answers

Answer:

the hight of your triangle is six inches

THE QUESTION IS IN THE PHOTO. HELP​

Answers

Answer:

The constant is 3

Step-by-step explanation:

To the answer, you divide y/x.

15/5 = 3

9/3 = 3

6/2 = 3

1.5/ 0.5 = 3

What is the solution to this equation?
8x - 5(x - 3) = 18
A. x = 7
B. x = 5
C. x = 11
D. x = 1
SUBMIT

Answers

Answer:

D

Step-by-step explanation:

help, easy math. will mark brainlist!!​

Answers

Answer:

It is the first one 1/3(p+45).

Answer:

choice 1) 1/3(p + 45)

Step-by-step explanation:

1/3p + 15 = 1/3(p + 45)

What is the length of FG?
(Picture of Question Below!)

A. 1.2
B. 3
C. 3.6
D. 4
E. 6

Answers

Answer:

answer i d

Step-by-step explanation:

Answer:

D.4

Step-by-step explanation:

I say D becuase if you megure it, (It's all in inches) it would be 4.

A person invested $5,500 in an account growing at a rate allowing the money to double every 14 years. How long, to the nearest tenth of a year would it take for the value of the account to reach $6,800?

Answers

Answer:

t=4.3

Step-by-step explanation:

y=a(2)^{\frac{t}{d}}

y=a(2)  

d

t

​  

 

 

y=6800\hspace{40px}a=5500\hspace{40px}d=14

y=6800a=5500d=14

d is the doubling time

\text{Plug in:}

Plug in:

6800=

6800=

\,\,5500(2)^{\frac{t}{14}}

5500(2)  

14

t

​  

 

 

\text{Solve for }t\text{:}

Solve for t:

\frac{6800}{5500}=

5500

6800

​  

=

\,\,\frac{5500(2)^{\frac{t}{14}}}{5500}

5500

5500(2)  

14

t

​  

 

 

​  

 

Divide by 5500

1.23636364=

1.23636364=

\,\,2^{\frac{t}{14}}

2  

14

t

​  

 

 

\log(1.23636364)=

log(1.23636364)=

\,\,\log\left(2^{\color{green}{\frac{t}{14}}}\right)

log(2  

14

t

​  

 

)

Take the log of both sides

\log(1.23636364)=

log(1.23636364)=

\,\,\color{green}{\frac{t}{14}}\log(2)

14

t

​  

log(2)

Bring exponent to the front

\frac{\log(1.23636364)}{\log(2)}=

log(2)

log(1.23636364)

​  

=

\,\,\frac{t}{14}

14

t

​  

 

Divide by log(2)

0.30610313=

0.30610313=

\,\,\frac{t}{14}

14

t

​  

 

Divide in calculator

14(0.30610313)=

14(0.30610313)=

 

Multiply by 14

4.285443788=

4.285443788=

\,\,t

t

Help me pls thanks so much

Answers

Answer:

494.73 ft

Step-by-step explanation:

wait im confused it says the assignment has been submitted not editable

Which expressions represent 1 less than the product of 3 and 4? Check all that are true. 2) 0 (3 X 4) - 1 O 3 X 4 - 1 3 x (4 - 1) -) 0 1 - (3 X 4) 0 1 - 3 X 4​

Answers

Are the 0 part of the problem it so spaced out?

Answer:

(3 x 4) - 1    and  3 x 4 - 1

Step-by-step explanation:

Hope this helps!

Answer 5750$

Given below are lease terms at the local dealership. What is the total cash
due at signing?
.
.
Terms:
Length of lease = 24 months
MSRP of the car = $36,600
Purchase value of the car after lease = $30,200
Down payment = $4800
Monthly payment = $525
$445 security deposit
$505 acquisition fee
A. $6275
B. $5750
C. $5770
D. $5830

Answers

Answer:

$6275

Step-by-step explanation:

The cash due at signing should include :

The down-payment ; The monthly payment for that particular month ; Acquisition fee and Security deposit.

Down payment = $4800

Monthly payment = $525

Security deposit = $445

Acquisition fee = $505

Total :

$(4800 + 525 + 445 + 505)

= $6275

Answer:

6750

Step-by-step breast inspection:

Help! I don’t know how to work with slopes

Answers

1/3 will be the answer because we go over to the left once and up three times

NEED HELP (+50 POINTS) +BRAINLEST +5 STARS +THANKS ON PROFILE

Sow work and round to the nearest tenth.

Answers

5ft is the answer to your question
P=2ftB=3ftH=?

Using Pythagorean theorem

[tex]\\ \qquad\quad\sf\longmapsto H^2=P^2+B^2[/tex]

[tex]\\ \qquad\quad\sf\longmapsto H^2=2^2+3^2[/tex]

[tex]\\ \qquad\quad\sf\longmapsto H^2=4+9[/tex]

[tex]\\ \qquad\quad\sf\longmapsto H^2=13[/tex]

[tex]\\ \qquad\quad\sf\longmapsto H=\sqrt{13}[/tex]

[tex]\\ \qquad\quad\sf\longmapsto H=3.2[/tex]

Asma was asked to compare the following two numbers.
A = 6.212 x 108 and B = 4.73 x 10
She says,
“6.212 is bigger than 4.73 so A is bigger than B."
Is Asma correct?
You must give a reason for your answer

Answers

Answer:

No

Step-by-step explanation:

6.212 x 10^8 = 621,200,000

4.73  x 10^9 = 4,730,000,000

Yes Asma is correct because,

Even if we round off both no. to the nearest whole number we get 6 and 5 respectively.
That’s how we can also know which no. is bigger. The bigger no. is 6.212 and if we solve the equation, we get the answers
670.896 and 47.3 respectively.
So A is bigger than B in the two aspects mentioned above.

Hope this helped and have a nice day : )

Find the areas of the figures below. Show all work on for each problem.

Answers

Answer:

310 in²

Step-by-step explanation:

Area of the figure = area of the larger rectangle + area of the medium rectangle + area of smaller rectangle

✔️Area of the larger rectangle = L*W

L = 20 in

W = 7 in

Area = 20*7 = 140 in²

✔️Area of the medium rectangle = L*W

L = 20 - 2 = 18 in

W = 22 - (10 + 7) = 5 in

Area = 18*5 = 90 in²

✔️Area of the smaller rectangle = L*W

L = 8 in

W = 10 in

Area = 8*10 = 80 in²

✅Area of the figure = 140 + 90 + 80 = 310 in²

eight times the reciprocal of a number equals 4 times the reciprocal of 2. find the number

Answers

Answer:

The number is 4

Step-by-step explanation:

Let the number  = 'x'

Reciprocal of 'x' = 1/x

Reciprocal of 2 = 1/2

8 times the reciprocal of 'x' = [tex]8*\frac{1}{x}\\[/tex]

[tex]8*\frac{1}{x}= 4* \frac{1}{2}\\\\8*\frac{1}{x}= 2\\[/tex]

Now multiply both sides by x

[tex]8*\frac{1}{x}*x = 2*x\\\\8 = 2x[/tex]

Now divide both sides by 2

[tex]\frac{8}{2}=\frac{2x}{2}\\\\4 = x[/tex]

x = 4

A triangle with a base of 16 inch has an area of 104 inch quad what is the height of the triangle

Answers

the hight of the triangle is 13 inches

What is the volume of the following figure? (Round your answer to the
nearest tenth and leave it in terms of pi.)
Width= 18 m length=10 m
A 180mm
B. 3240mm
C. 810 m
D. 8171 m

Answers

The answer is C for this question

I need help with math asap ​

Answers

um where’s the question?

The cost of 4 pounds of potatoes is $3.56. What is the constant of proportionality that relates the cost in dollars, y, to the number of pounds of potatoes, x? A $0.89 A $0.89 B $1.12 B $1.12 C $8.90 C $8.90 D $1.02

Answers

Answer:

A. $0.89

Step-by-step explanation:

To find the constant of proportionality, find the cost of one pound of potatoes

3.56/4

= 0.89

So, the constant of proportionality is $0.89

The correct answer is A. $0.89

Question 4 of 10 Which expression is equivalent to (b^m)^m? A. b^n-m B. b^n+m C. b^n•m D. b^n/m​

Answers

Answer:

C

Step-by-step explanation:

PLS HELP ME I NEED HELP ITS DUE RN

Answers

Answer:

Step-by-step explanation:

It's 4

help will give brainliest need help ASAP​

Answers

Answer:

LQ: 7.5

UQ: 21

Step-by-step explanation:

After identifying the median, remove it and split the data into two halves.

The upper quartile is the median is the top set of data and the lower quartile is the median is the bottom set of data.

If you have two numbers in the middle, you add them and divide by two to find the median/ quartile

so

[tex]\frac{7+8}{2} =7.5[/tex]

[tex]\frac{21+21}{2} =21[/tex]

Answer:
LQ: 7.5
UQ: 21


Identify the equation that correctly shows the given relationship.

Answers

It’s A he is correct and have a good day
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