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

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

Are congruent triangles also similar?

Answers

Answer: yes they are

Step-by-step explanation:

If two pairs of corresponding angles in a pair of triangles are congruent, then the triangles are similar. We know this because if two angle pairs are the same, then the third pair must also be equal.

Answer:

Yes

Step-by-step explanation:

While congruent triangles are similar, similar triangles may not be congruent.

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

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Answer:

i think you forgot to attach the image lol

Step-by-step explanation:

Write two numbers that multiply to the value on top and add to the value on bottom,
-70
3

Answers

Answer:

45

Step-by-step explanation:

45

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:

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

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Here’s what I got hope it helps

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

Answers

Answer:

f(x) = 3 - x

x = 2

f(2) = 3 - 2

f(2) = 1

50 points help me please

Answers

3•3/6 = 9/6 = 3/2

Simplified Improper Fraction: 3/2
Mixed Number: 1 1/2

2. Rewrite the following as mixed fractions in simplest form.
a. 1,75

Answers

Step-by-step explanation:

question is not understandable bro i can't understand

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.

Over which interval does f(t) have positive average rate of change

Answers

Answer:

i dont know im just doing this for the points

Answer: {2,4}

Step-by-step explanation: Khan Academy

Vertical angles are equal in measure.
always
sometimes
O never

Answers

Answer:

Always

Step-by-step explanation:

Thank you have a great day

PLEASE HELP I WILL MARK BRAINLIST!!

Answers

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**

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

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.

A poll of 803 adults in the United States found that a majority—60%—said that changes should be made in government surveillance programs. The poll reported a margin of error of 3.5%.

Explain in plain English what we can conclude from this poll.

Answers

We can conclude that most American adults want changes in government surveillance programs. But we can't conclude what specific changes in those programs they want (more surveillance? less? it doesn't say.)

The table shows the fraction of the box of eggs that she will use to make different breakfast items. The family will choose from these items in the table
Food Choices Fraction of Eggs used
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
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Scrambled Eggs and Omelets

Answers

Answer:

C

Step-by-step explanation:

15 less than 3 times a number is 5 more than half of the number.

Answers

Answer:

Mystery Number is 8

Step-by-step explanation:

3x - 15 = 5 + 1/2x

3x - 1/2x = 15 + 5

5/2x = 20

x = 20 / 5/2

x = 20 * 2/5

x = 40 / 5

x = 8

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

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Answers

Answer:

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Step-by-step explanation:

have a great day

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Answers

Answer:

0 hundredths. 2 tenths and 8 ones

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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

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Answers

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Answers

Answer:

bbbb

Step-by-step explanation:

Answer:

B

Step-by-step explanation:

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Answers

Answer:

2g-2

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

Answer

2g -2

Step-by-step explanation:

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good

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Answer:

1

Step-by-step explanation:

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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: 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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Answer:

1.63

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Step-by-step explanation:

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