As a manager of a company you are given 2 estimates for the annual firm’s profits: 1) Estimate A predicting that the mean profit would be between $1mil and $1.5 mil which is a 95% confidence interval; 2) Estimate B that the annual profits are between $1.2 mil and $1.4 mil, a 93% confidence interval. Which of the two estimates is more accurate and why?

Answers

Answer 1

Answer and Explanation:

A confidence interval determines the probability that a range of values(e.g-given a large data set )has the true parameter. Example, to find mean of height of 30+ men, our confidence interval will say that there is 96% confidence that the mean height of 30+ men is between 5ft and 6ft. While confidence intervals, narrow or broad with high or low significance levels may not be akin to accuracy, it will only help to determine the precision or otherwise of our estimate. For example, if confidence interval is narrow as in second option and confidence level is lower, it only narrows down our options to ascertain the true mean or parameter we are investigating and doesn't exactly affect accuracy since we are still not 100% confident our true mean lies in this interval.


Related Questions

An installation technician for a specialized communication system is dispatched to a city only when 3 or more orders have been placed. Suppose the orders follow a Poisson distribution with a mean of 0.25 per week for a city with a population of 100,000 and suppose your city contains 800,000.
a. What is the probability that a technician is required after a one-week period?
b. If you are the first one in the city to place an order, what is the probability that you have to wait more than two weeks from the time you place your order until a technician is dispatched?

Answers

Answer:

0.3233

0.09

Step-by-step explanation:

Given that :

Mean, λ = 0.25 for a 100,000 per week

For a population of 800,000 :

λ = 800,000 / 100,000 * 0.25 = 8 * 0.25 = 2 orders per week

Probability that technician is required after one week ;

After one week, order is beyond 2 ; hence, order, x ≥ 3

P(x ≥ 3) = 1 - [p(x=0) + p(x= 1) + p(x =2)]

P(x ≥ 3) = 1 - e^-λ(1 + 2¹/1! + 2²/2!)

P(x ≥ 3) = 1 - e^-2(1+2+2) = 1 - e^-2*5 = 1 - e^-10

P(x ≥ 3) = 1 - e^-2 * 10

P(x ≥ 3) = 1 - 0.6766764

P(x ≥ 3) = 0.3233

B.)

Mean, λ for more than 2 weeks = 2 * 2 = 4

P(x < 2) = p(x = 0) + p(x = 1)

P(x < 2) = e^-4(0 + 4^1/1!)

P(x < 2) = e^-4(0 + 4) = e^-4(5)

P(x < 2) = e^-4(5) = 0.0183156 * 5 = 0.0915

P(x < 2) = 0.09

What is the slope of the line?​

Answers

Answer:

3/1

Step-by-step explanation:

Answer:

[tex]-3[/tex]

Step-by-step explanation:

The slope of the line is -3 because to get to one point from another point, you would need to go down 3 and right 1 which is -3/1, and that is also just -3

Hope this helps

đường cầu về tiền có hướng nghiêng dốc xuống thể hiện?

Answers

Ý bạn là sao? Bạn có thể cung cấp thêm thông tin hay hình ảnh không?

These are two similar triangles. What is the measure of X?

Answers

Answer:

18

Step-by-step explanation:

just type the thing in the calculator

The measure of x for the given similar triangle will be 18 units.

What is a triangle?

A triangle is a closed, 2-dimensional shape with 3 sides, 3 angles, and 3 vertices.

In a triangle, the sum of all three angles is 180°

The triangle is a highly common shape that we deal with on a daily basis. For instance, the right-angle triangle is frequently used to estimate the height of towers.

By similar triangle rule ;

If two triangles are similar then the ratio of the corresponding side will be the same.

So,

x/12 = 24/(12+4)

x/12 = 1.5

x = 18 units.

Hence the measure of x will be 18 units.

For more information about triangle

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Which mathematical operation changes 2amd 1/3 to 2

Answers

the addition sign thus 2+1÷3=2

Consider the function
f(x) = 327
=
As x + -00, then f(x) approaches what?
O A O
OB) 7
C) –00
C
D) 3
Ouestion 3 (1 point)

Answers

i think it’s B i will check and come back

The storage center sells rectangular storage spaces that are each 200 cubic feet. Each space is 5 feet long and 5 feet wide. What is the height of each storage space?

Answers

Answer:

h=8ft

Step-by-step explanation:

[tex]v = l \times w \times h[/tex]

[tex]h = \frac{v}{l \times v} = \frac{200}{5 \times 5} = 8[/tex]

Q.1 You are Nu.9 in debt. You borrowed Nu. 15 more. What is the total amount of your debt?​

Answers

Answer:

total of it is Nu.24

Step-by-step explanation:

just add all up into

9 + 15 = 24

The length of time it takes to find a parking space at 9 A.M. follows a normal distribution with a mean of 6 minutes and a population standard deviation of 2 minutes.

Find the probability that it took less than one minute to find a parking space. Round answer to four decimal places.

Answers

Answer:

56

Step-by-step explanation:

Answer: 0.0062

Step-by-step explanation:

An isosceles triangle has legs of length 12 and base angles that measure 28°. What is the measure of its base to the nearest tenth? Be careful on this one.

Answers

Answer:

base = 21.2

Step-by-step explanation:

Let the base be 2x

Drawing a perpendicular bisector divides the bases into 2 equal parts.

Then using trigonometric ratio :

[tex]cos \theta = \frac{adjacent}{hypotenuse}[/tex]   , [tex][ \ where \ \theta = 28^{ \circ} , \ adjacent = x,\ hypotenuse = 12 \ ][/tex]

The trigonometric function gives the ratio of different sides of a right-angle triangle. The length of the base of the isosceles triangle is 21.19 units.

What are Trigonometric functions?

The trigonometric function gives the ratio of different sides of a right-angle triangle.

[tex]\rm Sin \theta=\dfrac{Perpendicular}{Hypotenuse}\\\\\\Cos \theta=\dfrac{Base}{Hypotenuse}\\\\\\Tan \theta=\dfrac{Perpendicular}{Base}[/tex]

where perpendicular is the side of the triangle which is opposite to the angle, and the hypotenuse is the longest side of the triangle which is opposite to the 90° angle.

In order to solve the problem, we will draw a line between the triangle such that it will bisect the angle at the top(∠A) and the base(BC). As shown in the image below.

Now, as we know that the line(AD) is perpendicular to the base(BC) of the isosceles triangle, therefore, using the function of trigonometry in the Δ ABD we can write,

[tex]Cos \theta=\dfrac{BD}{AB}\\\\\\Cos (\angle B)=\dfrac{BD}{12}\\\\\\Cos 28^o \times 12={BD}\\\\BD = 10.5953[/tex]

Now, we know that the line BD divides the base BC into two equal parts, therefore, BD=BC.

BC = BD + DC

BC = 10.5953 +10.5953

BC = 21.19 units

Hence, the length of the base of the isosceles triangle is21.19 units.

Learn more about Trigonometric functions:

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Write .125 as a fraction reduced to lowest terms.

Answers

Answer:

125 as a fraction is 1/8.

0.125 = 125/1000. We can reduce this to lowest terms by dividing the numerator and denominator by 125 to get the equivalent fraction 1/8.

Step-by-step explanation:

hey mate hope it cleared your problem!!

The following data represent the weights in pounds of a sample of 25 police officers:

164, 148, 137, 157, 173, 156, 177, 172, 169, 165, 145, 168, 163, 162, 174, 152, 156, 168, 154, 151, 174, 146, 134, 140, and 171.

Required:
a. Determine the location and value of the lower quartile of the weights
b. Determine the location and value of the upper quartile of the weights.
c. Find the interquartile range of the weights.

Answers

Given:

The data values are:

164, 148, 137, 157, 173, 156, 177, 172, 169, 165, 145, 168, 163, 162, 174, 152, 156, 168, 154, 151, 174, 146, 134, 140, and 171.

To find;

a. Lower quartile.

b. Upper quartile.

c. Interquartile range.

Solution:

We have,

164, 148, 137, 157, 173, 156, 177, 172, 169, 165, 145, 168, 163, 162, 174, 152, 156, 168, 154, 151, 174, 146, 134, 140, 171.

Arrange the data values in ascending order.

134, 137, 140, 145, 146, 148, 151, 152, 154, 156, 156, 157, 162, 163, 164, 165, 168, 168, 169, 171, 172, 173, 174, 174, 177.

Divide the data values in two equal parts.

(134, 137, 140, 145, 146, 148, 151, 152, 154, 156, 156, 157), 162, (163, 164, 165, 168, 168, 169, 171, 172, 173, 174, 174, 177)

Divide each parentheses in two equal parts.

(134, 137, 140, 145, 146, 148), (151, 152, 154, 156, 156, 157), 162, (163, 164, 165, 168, 168, 169), (171, 172, 173, 174, 174, 177)

a. Location of lower quartile is:

[tex]Q_1=\dfrac{1}{4}(n+1)\text{th term}[/tex]

[tex]Q_1=\dfrac{1}{4}(25+1)\text{th term}[/tex]

[tex]Q_1=\dfrac{26}{4}\text{th term}[/tex]

[tex]Q_1=6.5\text{th term}[/tex]

The lower quartile of the weights is:

[tex]Q_1=\dfrac{148+151}{2}[/tex]

[tex]Q_1=\dfrac{299}{2}[/tex]

[tex]Q_1=149.5[/tex]

Therefore, the location of the lower quartile of the weights is between 6th term and the 7th term. The value of the lower quartile is 149.5.

b. Location of upper quartile is:

[tex]Q_3=\dfrac{3}{4}(n+1)\text{th term}[/tex]

[tex]Q_3=\dfrac{3}{4}(25+1)\text{th term}[/tex]

[tex]Q_3=\dfrac{3\cdot 26}{4}\text{th term}[/tex]

[tex]Q_3=19.5\text{th term}[/tex]

The upper quartile of the weights is:

[tex]Q_3=\dfrac{169+171}{2}[/tex]

[tex]Q_3=\dfrac{340}{2}[/tex]

[tex]Q_3=170[/tex]

Therefore, the location of the upper quartile of the weights is between 19th term and the 20th term. The value of the upper quartile is 170.

c. The interquartile range of the given data set is:

[tex]IQR=Q_3-Q_1[/tex]

[tex]IQR=170-149.5[/tex]

[tex]IQR=20.5[/tex]

Therefore, the interquartile range of the weights is 20.5.

Mckenna kept track of the number of miles she rode her horse each day for 2 weeks 3.2.8, 8, 2,8, 8, 10, 4, 0, 0, 0, 0, 0, 0, 0 Part A Find the measures of center and variability that best summarize Mckenna's data. Use the dropdown menus to explain your reasoning, Choose The Choose is the best measure hours, is the best measure of center, so the Chooso... of variability LIVE Part 1 Mckenna says that she typically rides her horse for about 6 hours because the mode is 6. Is Mokenna's conclusion appropriate? Use the dropdown menus to explain your reasoning, Mckenna's conclusion Choose... accurate. The mode of her data Choose... 6 hours. However, Choose... than half of the time, she spends Choose.... than 6 hours riding her horse.

Answers

Answer: 110

Step-by-step explanation:

I did it it’s correct :)

In a school there are totally 108 students in the third, fourth, and fifth grades. The third grade has 11 fewer students than the fourth grade, and the fourth grade has 16 more students than the fifth grade. How many students are there in each grade?

Answers

Answer:

there are about 36 students in each grade.

Step-by-step explanation:

divide the total amount of students by the amount of grades. 108/3 = 36

REIVIAINING
29:07
LS
Charissa is eating out with friends, and it is her turn to pay the gratuity. The bill for the food is $26.50. If she plans to
tip at 20%, what should she pay if she doesn't want to leave pennies on the table?
O $0.55

Answers

Answer:

$5.30 :DDD

Step-by-step explanation:

SO WHAT YOU DO IS 26.50 X 0.20 AND YOU WILL GET 5.30 SO BAM

HELP MEEEEEEEEEEEE please​

Answers

Answer:

X = 5

Step-by-step explanation:

Hope it's help you !!!!!!!!!

Answer:

X=5

Step-by-step explanation:

X=5

The other side is the same as X so it is 5. Also it the same as the bottom that = 5.

Kyle works at a donut​ factory, where a​ 10-oz cup of coffee costs 95¢​, a​ 14-oz cup costs​ $1.15, and a​ 20-oz cup costs​ $1.50. During one busy​ period, Kyle served 14 cups of​ coffee, using 204 ounces of​ coffee, while collecting a total of ​$16.70. How many cups of each size did Kyle​ fill?
Kyle filled ___ ​10-oz cup(s), ___ 14-oz cup(s), and ___ ​20-oz cup(s).

Answers

Answer:

Kyle filled 4 10-oz cups, 6 14-oz cups, and 4 20-oz cups.

Step-by-step explanation:

Let 10-oz, 14-oz, and 20-oz coffees be represented by the variables a, b, and c, respectively.

Since a total of 14 cups of coffee was served:

[tex]a+b+c=14[/tex]

A total of 204 ounces of coffee was served. Therefore:

[tex]10a+14b+20c=204[/tex]

A total of $16.70 was collected. Hence:

[tex]0.95a+1.15b+1.5c=16.7[/tex]

This yields a triple system of equations. In order to solve a triple system, we should isolate the system to only two variables first.

From the first equation, let's subtract a and b from both sides:

[tex]c=14-a-b[/tex]

Substitute this into both the second and third equations:

[tex]10a+14b+20(14-a-b)=204[/tex]

And:

[tex]0.95a+1.15b+1.5(14-a-b)=16.7[/tex]

In this way, we've successfully created a system of two equations, which can be more easily solved. Distribute:

For the Second Equation:

[tex]\displaystyle \begin{aligned} 10a+14b+280-20a-20b&=204\\ -10a-6b&=-76\\5a+3b&=38\end{aligned}[/tex]

And for the Third:

[tex]\displaystyle \begin{aligned} 0.95a+1.15b+21-1.5a-1.5b&=16.7\\ -0.55a-0.35b&=-4.3\end{aligned}[/tex]

We can solve this using substitution. From the second equation, isolate a:

[tex]\displaystyle a=\frac{1}{5}(38-3b)=7.6-0.6b[/tex]

Substitute into the third:

[tex]-0.55(7.6-0.6b)-0.35b=-4.3[/tex]

Distribute and simplify:

[tex]-4.18+0.33b-0.35b=-4.3[/tex]

Therefore:

[tex]-0.02b=-0.12\Rightarrow b=6[/tex]

Using the equation for a:

[tex]a=7.6-0.6(6)=4[/tex]

And using the equation for c:

[tex]c=14-(4)-(6)=14-10=4[/tex]

Therefore, Kyle filled 4 10-oz cups, 6 14-oz cups, and 4 20-oz cups.

A bag contains 10 red marbles, 8
blue marbles and 2 yellow
marbles. What is the probability of
getting a blue marble?

Answers

the probability of it is 2/5

((X + 2) + (y - 5) =1​

Answers

Answer:

on like term

Step-by-step explanation:

x+2)=(y-5)=2+5=7

x-y{x-y]=7x-y

by Emmanuel okorie

length 21cm area 315cm2 find the breath ​

Answers

Answer:

Breadth = 15 cm

Step-by-step explanation:

Area = length x breadth

315 = 21 x breadth

[tex]\frac{315}{21} = \frac{21}{21} \times breadth[/tex]                 [ dividing both sides by 21 ]

[tex]15 = 1 \times breadth\\\\breadth = 15 \ cm[/tex]

___________________________________

Symbols of:

[tex]\quad\quad\quad\quad\tt{A = A rea}[/tex]

[tex]\quad\quad\quad\quad\tt{ l = length} [/tex]

[tex]\quad\quad\quad\quad\tt{ b \: = breadth} [/tex]

Given that:

[tex]\quad\quad\quad\quad\tt{A = 315 {cm}^{2} }[/tex]

[tex]\quad\quad\quad\quad\tt{l = 21cm}[/tex]

[tex]\quad\quad\quad\quad\tt{b = \: ? }[/tex]

Formula for breadth (b):

[tex]\quad\quad\quad\quad\tt{breadth = \frac{Area}{length} }[/tex]

Solution:

[tex]\quad\quad\quad\quad\tt{b = \frac{315 {cm}^{2} }{21cm} }[/tex]

[tex]\quad\quad\quad\tt{\:\:b = {15cm}}[/tex]So, the breadth (b) is:

[tex]\quad\quad\quad\quad\tt \boxed{ \boxed{ \color{magenta}{b = 15cm }}}[/tex]

___________________________________

#CarryOnLearning

✍︎ C.Rose❀

What are some easy ways to find the value of
(2017^4−2016^4)/(2017^2+2016^2) without calculator

Answers

Answer:

4033

Step-by-step explanation:

An easy way to solve this problem is to notice the numerator, 2017^4-2016^4 resembles the special product a^2 - b^2. In this case, 2017^4 is a^2 and 2016^4 is b^2. We can set up equations to solve for a and b:

a^2 = 2017^4

a = 2017^2

b^2 = 2016^4

b = 2016^2

Now, the special product a^2 - b^2 factors to (a + b)(a - b), so we can substitute that for the numerator:

[tex]\frac{(2017^2+2016^2)(2017^2 - 2016^2)}{2017^2+2016^2}[/tex]

We can notice that both the numerator and denominator contain 2017^2 + 2016^2, so we can divide by [tex]\frac{2017^2+2016^2}{2017^2+2016^2}[/tex] which is just one, and will simplify the fraction to just:

2017^2 - 2016^2

This again is just the special product a^2 - b^2, but in this case a is 2017 and b is 2016. Using this we can factor it:

(2017 + 2016)(2017 - 2016)

And, without using a calculator, this is easy to simplify:

(4033)(1)

4033

Adele is 5 years older than Timothy. In three years, Timothy will be of Adele’s age. What is Adele’s current age?

Answers

Answer:

3

Step-by-step explanation:

+2

What is the highest common factor of 60 and 70.

Answers

10 is the highest common factor of 60 and 70

jos3ph has 16 meters of rope he wants to cut pieces of rope that are 0.2meters long how many prices can be cut

A 3.2

B8

C32

D80​

Answers

Answer:

D.80

Step-by-step explanation:

You need to divide thus

16m/0.2m=80m

By mistakenly using π as 3, the area of a circle was found to be 147cm2. Taking π to be 22/7 the true area, in cm2, is​

Answers

Answer:

pie times radius square is equal to 147

when pie is 3, radius square is 49

radius is equal to 7

actual pie r square is 22/7 times 7 times 7 is 154

Step-by-step explanation:

ans is 154

whats the probabily of drawing one blue marbel from a bag that contains 4 red marbels 6 green marbles and 1 white marbel and 3 blue marble

Answers

Answer: 3/14

Step-by-step explanation:

Number of red marbles = 4

Number of green marbles = 6

Number of white marbles = 1

Number of blue marbles = 3

Total number of marbles = 14

Therefore, the probability of drawing one blue marble will be:

= Number of blue marbles / Total number of marbles

= 3/14

Question 5(Multiple Choice Worth 1 points)
(02.04 LC)
What is the equation of a line that contains the points (2,-2) and (0, -2)?
O y = 0
Ox= -2
O y = -2
Ox=0

Answers

the answer is number 2

Given a line passes through point (5,8) and the origin, find the equation of the line.
y=

Answers

Answer:

y = 8/5x

Step-by-step explanation:

I'm assuming that they're asking for the equation in point-slope form.

The formula is y=mx+b where:

m = slope

b = y intercept

However, the y intercept is just (0,0) so b = 0

To find the slope we already have 2 given points: (0,0) and (5,8)

To find slope you do rise/run and you get 8/5

Substitute the slope & y intercept in the formula:

y = 8/5x

Let me know if I'm wrong!!

Answer:

y=8/5x

Step-by-step explanation:

Hi there!

We need to find the equation of the line that passes through (5,8) and the origin (the point (0,0)).

There are 3 ways to write the equation of the line, although the most common way is slope-intercept form, or y=mx+b where m is the slope and b is the y intercept

first, let's find m (slope)

The formula for the slope calculated from two points is [tex]\frac{y_{2}-y_{1}}{x_{2}-x_{1}}[/tex], where ([tex]x_{1}[/tex],[tex]y_{1}[/tex]) and ([tex]x_{2}[/tex], [tex]y_{2}[/tex]) are points

we have two points, but let's label their values to avoid any confusion

[tex]x_{1}[/tex]=5

[tex]y_{1}[/tex]=8

[tex]x_{2}[/tex]=0

[tex]y_{2}[/tex]=0

now substitute into the formula

m=[tex]\frac{y_{2}-y_{1}}{x_{2}-x_{1}}[/tex]

m=[tex]\frac{0-8}{0-5}[/tex]

multiply

m=[tex]\frac{-8}{-5}[/tex]

divide

m=8/5

The slope of the line is 8/5

here's the equation so far

y=8/5x+b

now we need to find b

as the point will pass through both (5,8) and (0,0) we can use either one of them to solve for b

let's take (0,0) as an example

substitute 0 as x and 0 as y

0=8/5(0)+b

multiply

0=0+b

add

0=b

substitute 0 as b into the equation

Therefore the equation of the line is:

y=8/5x (the 0 is not necessary)

Hope this helps! :)

What is the area of the grey matting in this 8” by 10” picture frame if the picture to be framed is 4” x 6”? picture frame 64 square inches 56 square inches 24 square inches 80 square inches

Answers

Your answer would be 841 inches

Answer:

so if 8x10 is 80 and 4x6 is 24 then take 24 of 80 you get 56

The survey of a group of students showed that 50 like tea,40 liked coffee,35 liked milk,20 liked coffee as well as tea,18 liked tea as well as milk,12 liked coffee as well as milk and 7 liked all three. If every students liked at least one drink, how many students were asked this question ? Solve it by drawing a Venn- diagram.​

Answers

Answer:

82

Step-by-step explanation:

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