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

what is the negation of "x>3"?
a)=3
b.)_<3
c.)<3​

Answers

Given:

The inequality is:

[tex]x>3[/tex]

To find:

The negation of the given inequality.

Solution:

The given inequality is [tex]x>3[/tex], it means all the value which are greater than 3 are included in the solution set.

Since all the values which are less than or equal 3 are not included in the solution set, therefore the negation of the given inequality is

[tex]x\leq 3[/tex]

Therefore, the negation of [tex]x>3[/tex] is [tex]x\leq 3[/tex].

Note: Option are not in proper format.

Plz help this is 400 points. Nancy bought a Reuben sandwich and received her change in several coins. The cashier handed Nancy 2 half dollars, 3 quarters, 4 dimes, 4 nickels, and 1 penny. How much money did Nancy get in change?

Answers

Answer:

2.35

Step-by-step explanation:

2x50=100

3x25=75

4x10=40

4x5=20

100+75+40+20=2.35

PLEASE HELP I WILL MARK BRAINLIST!!

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Answer:

umm whats the question-

help you in what man?

there is no question

Which of the following is true about the expression 7 + V3?

Answers

Answer:

is this a multiple-choice question?

Step-by-step explanation:

**i'll go back and change my answer, i promise**

o 12h + h +17-5
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pretty sure it’s 13h+12

factor g(x) =6x^3 +13x^2 -2x -1 if (2x + 3) is a factor.​

Answers

Here’s what I got hope it helps

Here are two patterns made using identical rhombuses. Without using a protractor, determine the value of a and b. (Remember that all the way around a circle is 360°. Start by finding the measure of angle a in the figure on the left.)

Answers

Answer:

hope it helps

Step-by-step explanation:

have a great day

What decimal is equivalent to 8/40?

Answers

Answer:

0.20

Step-by-step explanation:

8 divided by 40 equals 0.2

0.20 is the decimal is equivalent to 8/40.

What is decimal?

A group of numbers between integers on a number line are known as decimals. They are merely an additional mathematical representation of fractions. Decimals allow us to express measurable quantities like length, weight, distance, money, etc. with greater accuracy. Integers, also known as whole numbers, are represented to the left of the decimal point, while decimal fractions are represented to the right of the decimal point. The next place, which is (1/10)th or tenth place value, is (1/10) times smaller if we move immediately from the first place.

Given:

Fraction = 8/40

Now, simplifying the given fraction

8/40

= 8/( 8x 5)

= 1/5

=0.20

Hence, 0.20 is the decimal is equivalent to 8/40.

Learn more about decimal here:

https://brainly.com/question/109147

#SPJ2

Peter is the owner of a hardware supply shop. He has hired you to check his machines calibration prior to starting production on a large order. To check this, you set the machine to create 2.0 inch nails and manufacture a random sample of 200 nails. That sample of nails has an average length of 2.024 inches with a standard deviation of 0.205 inches.


Does this sample provide convincing evidence that the machine is working properly or should it be shut down for repairs?

Answers

Answer:If we compare the p value and the significance level assumed we see thatso we can conclude that we have enough evidence to FAIL reject the null hypothesis, so we can conclude that the true mean is not different from the specification at 1% of signficance.  

Step-by-step explanation:

The machine is working properly based on the convincing evidence provided by the sample.

How to calculate the test statistics.

For the null hypothesis, we would test that:

H0 : p = 2

For the alternate hypothesis, we would test that:

Ha > p = 2

In Mathematics, the test statistics of a given sample is calculated by using this formula:

[tex]Z=\frac{x\;-\;u}{\frac{\sigma}{\sqrt{n} } }[/tex]

Where:

x is the sample mean.u is the mean.is the standard deviation.n is the sample size.

Substituting the given parameters into the formula, we have;

[tex]Z=\frac{2.024\;-\;2}{\frac{0.205}{\sqrt{200} } }\\\\Z=\frac{0.024}{\frac{0.205}{14.14} }\\\\Z=\frac{0.024}{0.0145 }[/tex]

Z = 1.66.

For the p-value:

P(Z > Zo) = P(Z > 1.66)

P(Z > 1.66) = P(Z < -1.66)

P(Z < -1.66) = 0.0485.

From the z-table, a z-score of 1.66 corresponds has a p-value of 0.0485. Therefore, the p-value for this test is 0.0485 < 2 while assuming a confidence level of 95%.

In conclusion, we fail to reject the null hypothesis because 0.0485 < 2.

Read more on null hypothesis here: https://brainly.com/question/14913351

I need help with this geometry question guyss!!

Answers

Answer:

Step-by-step explanation:

If a quadrilateral is a parallelogram, then its opposite sides are congruent. If a quadrilateral is a parallelogram, then its opposite angles are congruent. If a quadrilateral is a parallelogram, then its diagonals bisect each other.

Plss this is timed will mark brain least if shown work!

Answers

Answer:

good

Step-by-step explanation:frog

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Answers

Answer:

2g-2

.....................

Answer

2g -2

Step-by-step explanation:

Carson is =gHarley = 2-g

Which of the following is a statistical question? A. How many girls named Jennifer are there in the class? B. What is the age of students in Ron's school? C. How many artifacts are there in the museum? D. What is the capital of Texas?

Answers

Answer:

bbbb

Step-by-step explanation:

Answer:

B

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Answers

Answer:

1

Step-by-step explanation:

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Answer:

1

Step-by-step explanation:

Hello There!

For this one, like the other one, all we have to do is plug in the values

so

l 3 - (-2) + (-6) l

3 - (-2)

the two negative signs cancels out so now its

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Answers

Answer:

Step-by-step explanation:

Answer:

x<−3

Step-by-step explanation:

Let's solve your inequality step-by-step.

−2x>6

Step 1: Divide both sides by -2.

−2x/−2 > 6/−2

Answer:

x<−3

HOPE THIS  HELPS

Branliest pls?

28 is equal to how many hundredths and tenths

Answers

Answer:

0 hundredths. 2 tenths and 8 ones

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If f(x) = 3-x, what is f(2)?

Answers

Answer:

f(x) = 3 - x

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Mrs Brown and Mrs Jones make 4 dozen sandwiches in half an hour in Mrs Jones’ small kitchen. If they had 30 friends in to help, how many sandwiches could be made in the same time?

Answers

Answer:

1488 sandwiches in thirty minutes

Step-by-step explanation:

Are congruent triangles also similar?

Answers

Answer: yes they are

Step-by-step explanation:

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Answer:

Yes

Step-by-step explanation:

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Answers

Answer:

Mystery Number is 8

Step-by-step explanation:

3x - 15 = 5 + 1/2x

3x - 1/2x = 15 + 5

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x = 20 / 5/2

x = 20 * 2/5

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I’ll give points and brainalist for correct answer / explanation

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Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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Answer:

i dont know im just doing this for the points

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Step-by-step explanation: Khan Academy

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Egg Salad
2.
Pancakes
Omelets
Scrambled Eggs
8
2.
3
7
12
1
4
Waffles
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A
Pancakes and Waffles
B
Pancakes and Egg Salad
С
Omelets and Egg Salad
D
Waffles and Egg Salad
F
Scrambled Eggs and Omelets

Answers

Answer:

C

Step-by-step explanation:

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Answer:

1.63

2.300

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Step-by-step explanation:

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Answer:

Step-by-step explanation: Just do 0.25+0.25 then the answer x 0.18 and then divide the answer by 2 and it should equal 0.045

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Answers

Answer:

Always

Step-by-step explanation:

Thank you have a great day

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Answers

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Answers

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3

Answers

Answer:

45

Step-by-step explanation:

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