Answer: confidence interval = 27.5 +/- 1.68
= ( 25.82, 29.18)
Step-by-step explanation:
Given;
Number of samples n = 64
Standard deviation r = 6mi/gallon
Mean x = 27.5mi/gallon
Confidence interval of 97.5%
Z' = t(0.0125) = 2.24
Confidence interval = x +/- Z'(r/√n)
= 27.5 +/- 2.24(6/√64)
= 27.5 +/- 1.68
= ( 25.82, 29.18)
The mean of the given data will be equal to 52.
Mean is defined as the ratio of the sum of the given data to the number of the counts of the data.
Given that:-
42, 45, 58, 63
The mean will be calculated as:-
Mean = Sum of the data sets ÷ Number of the data sets
Mean = ( 42 + 45 + 58 + 63 ) ÷ 4
Mean = 208 ÷ 4
Mean = 52
Therefore the mean of the given data will be equal to 52.
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1a) Calculate how much Cindy will have to pay in Social Security tax (6.2%) based on this salary.
1b) Calculate how much Cindy will have to pay in Social Security tax if the tax was increased by 1.89%.
2a) Calculate Cindy’s annual Social Security benefit (about 42%) if her salary remains unchanged until she retires (annual average is $45,000).
2b) Calculate Cindy’s annual Social Security benefit if her salary remains unchanged but benefits (based on her annual salary of $45,000) were cut from 42% to 29%.
3) If Cindy were given a choice between the increase in Social Security tax now or the decrease in Social Security benefits when she retires, which would you recommend she choose? Explain your answer thoroughly.
Answer:
1a) $45,000 * 0.062 = $2,790
1b) 6.2% + 1.89% = 8.09%; $45,000 * 0.0809 = $3640.50
2a) $45,000 * 0.42 = $18,900
2b) 42% - 13% = 29% $45,000 * 0.029 = $13,050
3) You should probably recommend she pay the extra taxes now. If the tax were increased by 1.89%. Cindy would have to pay an extra $3640.50 - $2,790 = $850.50 per year for the 32 years before she retires. This adds up to $27,216 over the length of 32 years. On the other hand, if benefits were decreased from 42% of her salary to 29% of her salary the time of Cindy’s retirement (approximations), she would receive $18,900 - $13,050 = $5,850 less per year after she retires. This adds up to $58,500 in just 10 years.
Step-by-step explanation:
This is the answer they have given me.
Answer:REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
Step-by-step explanation:
Answer:
False
Step-by-step explanation:
Umbrellas could be used for different reasons besides rain.
The percent increase in vacuum sales from last year to this year is 5%. This means that there was a 5% increase in the number of vacuums sold this year compared to last year's sales.
To calculate the percent increase in vacuum sales from last year to this year, we can use the following formula:
Percent Increase = [(New Value - Old Value) / Old Value] * 100
Where:
New Value = 567 (vacuums sold this year)
Old Value = 540 (vacuums sold last year)
Now, let's plug in the values and calculate:
Percent Increase = [(567 - 540) / 540] * 100
Percent Increase = (27 / 540) * 100
Percent Increase = 0.05 * 100
Percent Increase = 5%
The percent increase in vacuum sales from last year to this year is 5%. This means that there was a 5% increase in the number of vacuums sold this year compared to last year's sales.
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