Business bankruptcies in Canada are monitored by the Office of the Superintendent of Bankruptcy Canada (OSB).8 Included in each report are the assets and liabilities the company declared at the time of the bankruptcy filing. A study is based on a random sample of 75 reports from the current year. The average debt (liabilities minus assets) is $92,172 with a standard deviation of $111,538.
a) Construct a 95% one-sample t confidence interval for the average debt of these companies at the time of filing.
b) Because the sample standard deviation is larger than the sample mean, this debt distribution is skewed. Provide a defense for using the tconfidence interval in this case.

Answers

Answer 1

Answer:

a) 70,663.57< [tex]\overline x[/tex] < 113,680.43

b) The sampling distribution of the means is expected to be approximately normal given that n > 30

Step-by-step explanation:

The given parameter of the study are;

The number of reports in the study, n = 75 reports

The average debt, [tex]\overline x[/tex] = $92,172

The standard deviation, Sₓ = $111,538

a) A one-sample t confidence interval is given as follows;

The Degrees of Freedom, df = n - 1 = 75 - 1 = 74

[tex]C.I, = \overline x \pm t^* \cdot \dfrac{S_x}{\sqrt{n} }[/tex]

[tex]t^*[/tex] = The critical t, at 95% confidence level = 1.67

Therefore, we have;

[tex]C.I, = 92,172 \pm 1.67 \cdot \dfrac{111,538}{\sqrt{75} }[/tex]

Therefore, we have;

[tex]C.I, = 92,172 \pm 1.67 \cdot \dfrac{111,538}{\sqrt{75} }[/tex]

C.I. = (92,172 ± 21,508.43)

Therefore, the 95% one-sample t confidence interval for the average debt of the companies at the time of filing, C.I. = 70,663.57< [tex]\overline x[/tex] < 113,680.43

b) The defense for using the t confidence interval in the question is supported that the fact that the sample size is larger than 30 (n = 75) the sampling distribution of means will be approximately normal and the population mean will be between the confidence interval for the mean.


Related Questions

WILL GIVE BRAINLIEST

Answers

The answer is c! You just put the square root symbol in your calculator and then put the number after and press enter it comes to around 4.8 so your answer is c
C is the right answer to this. Have a great day!!

Evaluate f(x)=5x−8 when x=−3,0, and 4 PLS ANSWER FAST :D

Answers

Answer:   -23, -8, 12

Step-by-step explanation:

f(x)=5x−8

When x=−3,

f(-3)=5(-3)−8 = -15-8 = -23

When x=0,

f(0)=5(0)−8 = -8

When x=4,

f(4)=5(4)−8 = 20-8=12

Expand and combine like terms: (2x^3+4x^5)^2=

Answers

Answer:

16x^10+16x^8+4x^6

The expanded and simplified form of [tex](2x^3 + 4x^5)^2[/tex] is  [tex]4x^6 + 16x^8 + 16x^10[/tex].

when we combine all the like terms.

To expand and combine like terms for the expression [tex](2x^3 + 4x^5)^2,[/tex] we need to square each term inside the parentheses and then combine like terms.

Using the FOIL method (First, Outer, Inner, Last) to multiply the terms, we have:

[tex](2x^3 + 4x^5)^2 = (2x^3)^2 + 2(2x^3)(4x^5) + (4x^5)^2[/tex]

Simplifying each term:

[tex](2x^3)^2 = 4x^6\\2(2x^3)(4x^5) = 16x^8\\(4x^5)^2 = 16x^10[/tex]

Combining like terms, we have:

[tex](2x^3 + 4x^5)^2 = 4x^6 + 16x^8 + 16x^10[/tex]

Therefore, the expanded and simplified form of [tex](2x^3 + 4x^5)^2[/tex] is [tex]4x^6 + 16x^8 + 16x^10.[/tex]

To know more about  "expression."  here

https://brainly.com/question/1859113

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Full Question

Expand and combine like terms: (2x^3+4x^5)^2 by simplication.

(No graph needed)

Geometry!! Will give brainliest

Answers

    it's  the second one.

slope of the line perpendicular to the line whose equation is −2x + y = −3

Answers

Answer:

What is the slope of a line perpendicular to the line whose equation is 2x+y=3?

Step-by-step explanation:

-1/2

Step-by-step explanation:

perpendicular slopes are the opposite reciprical

so you basically flip it and change the sign

I hope this helps :)

Answer:B

Step-by-step explanation:

A rectangular prism has a length of 12 inches, a height of 16 inches, and a width of 20 inches. What is its volume, in cubic inches?

Please explain

Answers

add 12 with 16 by 20 it gives you 48 cubic inches

12 +16+20=48 cubic inches

Bao is driving to a concert and needs to pay for parking. There is an automatic fee of
$6 just to enter the parking lot, and when she leaves the lot, she will have to pay an
additional $2 for every hour she had her car in the lot. How much total money would
Bao have to pay for parking if she left her car in the lot for 5 hours? How much would
Bao have to pay if she left her car in the lot for t hours?

Answers

Answer:

16

Step-by-step explanation:

6+2(t) --> 6+2(5) --> 6+10=16

Sally can paint a room in 8 hours while it takes Steve 6 hours

Answers

Answer:

Step-by-step explanation:

Sally paints ⅛ of a room per hour.

Steve paints ⅙ of a room per hour.

Working together, they paint ⅛ + ⅙ = 7/24 of the job per hour, finishing in 24/7 hours.

NEED HELP ASAP FREE BRAINLIST

Answers

Answer:

G

Step-by-step explanation:

Answer:

The answer is H

Step-by-step explanation:

The equation of the line that contains the points (-8, 1) and (0, -5) is

Answers

Answer:

y = -3/4x -5 (G)

Step-by-step explanation:

Find the slope by using the slope formula. (It's hard to format here so look it up)

Basically, it is y2 - y1/x2 - x1

-5 - 1/ 0 + 8

-6/8 = -3/4

The slope is -3/4.

Plug in for y = mx + b

y (y coordinate) = -5

x (x coordinate) = 0

slope (m) = -3/4

-5 = -3/4(0) + b

-5 = 0 + b

b = -5

y = -3/4x -5

someone please help me asnwer this!!

Answers

Answer:

okokokokokoo9i876t5rew

Step-by-step explanation:

4s3a468

A right rectangular prism has a volume of 3536 cubic feet, and the length 8 of the base of the prism is 9 feet longer than its width. The height of prism is 26 feet. What are the dimensions of the base of the prism?

Answers

Answer:

Base = 8 * 17

Step-by-step explanation:

(Not sure what the "8" is, assuming an accidental input.)

Base area = 3536/26 = 136

136 = Lw

L = 136/w

L = w + 9

136/w = w + 9

136 = w(w + 9)

136 = w² + 9w

w² + 9w - 136

(w + 17)(w - 8)

Only use the positive result. w = 8

L = 8 + 9 = 17

Edit: Maybe 8 is the answer accidentally included in the question?...

Helpmate!!!!!!!!!!!!!!!!!

Answers

Answer:

$150

Step-by-step explanation:

Answer:

The answer is $150

Step-by-step explanation:

My friend had this question and told me the answer



A pilot can travel 450 miles with the wind in the same amount of time as 396 miles against the wind. Find the speed of the wind if the pilot's speed in still air is 329 miles her hour.

Answers

this makes no sense...

7. An equilateral triangle has sides of length 6.2cm, correct to the nearest millimetre.
Complete the statement about the perimeter, Pcm, of the triangle.

Answers

Answer: 6.2*3= 18.6cm

What is the slope of the line that contains these points?
х
15
17
19
21
10 2
14
26

Answers

Answer:

6

Step-by-step explanation:

The slope (m) can be found using the formula ...

 m = (y2 -y1)/(x2 -x1)

Any pair of points will do. We can use the first two.

 m = (2 -(-10))/(17 -15) = 12/2

 m = 6

The slope of the line is 6.

5x-y>4 what does y equal

Answers

Answer:

y < -4 + 5x

Step-by-step explanation:

simplifly the expression
5^-4x5^2​

Answers

Answer:

5^-2

Step-by-step explanation:

When you multiply exponents, you can add them if they have like bases.

-4 + 2 = -2

Answer:

It would be x over 25

Pls someone help me with this question pls

Answers

Answer:

[tex]p =\frac{1}{6}[/tex]

Step-by-step explanation:

Given

[tex]Polygons =\{Quadrilateral, Pentagon, Hexagon, Octagon, Nonagon, Decagon\}[/tex]

Required

Probability of assigning a nonagon

From the given set of polygons, there are 6 polygons in the set and 1 one of them is a nonagon

This means that:

[tex]n = 6[/tex] --- Total

[tex]Nonagons = 1[/tex]

So, the probability, p is:

[tex]p =\frac{Nonagons}{n}[/tex]

[tex]p =\frac{1}{6}[/tex]

Another game you’ve set up at casino night involves rolling a fair six-sided die followed by tossing a fair coin. In this game, players earn points depending on the number they get on the die and which side of the coin turns up. For example, the player earns 5 points for getting (2, tails) Question 3 Find the probability that tails and an even number do not occur together.

Answers

Answer:

The probability that tails and an even number do not occur together is 3/4.

Step-by-step explanation:

There are three outcomes in which tails occurs with an even number (2, tails), (4, tails), (6, tails). The probability of this event is 3/12 = 1/4 . The probability that tails and an even number do not occur together is 1 - 1/4 = 3/4.

Answer:

Sample answer for Edmentum

Step-by-step explanation:

Will mark brainlest Thanks

Answers

Answer:

the answer is d

Step-by-step explanation:

A new car is purchased for $49,000 and over time its value depreciates by one half
every 7 years. How long, to the nearest tenth of a year, would it take for the value of
the car to be $32, 200?

Answers

Answer: t≈ 4.2

Step-by-step explanation:


9 m
c) radius =
diameter =

Answers

Answer:

radius is 9 m and diameter is 2 x9 = 18


In the linear equation y = -6x - 4, the y-intercept is:
-6
6
-4
4​

Answers

Answer:

The second one

4/5 is next to x

And the y intercept is NEGATIVE 6 or (-6)

Step-by-step explanation:

Upon studying low bids for shipping contracts, a microcomputer manufacturing company finds that intrastate contracts have low bids that are uniformly distributed between 23 and 29, in units of thousands of dollars. (a) Find the probability that the low bid on the next intrastate shipping contract is below $25,000. (Round your answer to four decimal places.) (b) Find the probability that the low bid on the next intrastate shipping contract is in excess of $28,000. (Round your answer to four decimal places.)

Answers

Answer:

a) 0.3333 = 33.33% probability that the low bid on the next intrastate shipping contract is below $25,000.

b) 0.1667 = 16.67% probability that the low bid on the next intrastate shipping contract is in excess of $28,000.

Step-by-step explanation:

A distribution is called uniform if each outcome has the same probability of happening.

The uniform distribution has two bounds, a and b.

The probability of finding a value lower than x is given by:

[tex]P(X < x) = \frac{x - a}{b - a}[/tex]

The probability of finding a value higher than x is given by:

[tex]P(X > x) = \frac{b - x}{b - a}[/tex]

Uniformly distributed between 23 and 29

This means that [tex]a = 23, b = 29[/tex]

(a) Find the probability that the low bid on the next intrastate shipping contract is below $25,000.

[tex]P(X < 25) = \frac{25 - 23}{29 - 23} = 0.3333[/tex]

0.3333 = 33.33% probability that the low bid on the next intrastate shipping contract is below $25,000.

(b) Find the probability that the low bid on the next intrastate shipping contract is in excess of $28,000.

[tex]P(X > 28) = \frac{29 - 28}{29 - 23} = 0.1667[/tex]

0.1667 = 16.67% probability that the low bid on the next intrastate shipping contract is in excess of $28,000.

35% of students enrolled in collage are freshmen. if the total enrollment of the collage is 2800, how many of the students are freshmen?

Answers

Answer:

980 students are freshmen.

Step-by-step explanation:

2800*.35=980

Does anyone know ? ;-;

Answers

Answer:

[tex]y=\frac{3}{2}x+8[/tex]

Step-by-step explanation:

[tex]y=mx+b\\[/tex]

slope=m

[tex]y=-\frac{2}{3} x-1[/tex]

slope=[tex]-\frac{2}{3}[/tex]

slope=[tex]\frac{3}{2} ,(-4,2)[/tex]

[tex]y-y_{1} =m(x-1)\\\\y-_{2} =\frac{3}{2} (x-4)\\\\y-2=\frac{3}{2} x+6\\[/tex]

Add 2 to both sides

[tex]Answer:y=\frac{3}{2} x+8[/tex]

hope it helps!!

HELP ME PLEASE HERE IS THE IMAGE I NEED THE HELP PLEASE

Answers

Answer:

6

Step-by-step explanation:

when the imposter is sus

Answer:

The answer is 6

Step-by-step explanation:

You have to add all of them together and then divide the number you get with how many number there are.

which is an equation of a line through (7,1) and perpendicular to y=-x+3

Answers

Answer:

The answer is y=-1x+8 or you can write it this way y=-x+8 either way will work fine.

Step-by-step explanation:

y=mx+b

m=-1

y-y=m(x-x¹)

y-1=-1(x-7)

y-1=-1x+7

+1 +1

y=-x+8

I hope this helps:)

How many ways can 3 crayons be selected from a
box of 24 crayons to color a picture?

Answers

Answer:

12144 ways

Step-by-step explanation:

24×23÷22= 12144

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