In a study, Phoenix Marketing International identified Bridgeport, Connecticut; San Jose, California; Washington, DC; and Lexington Park, Maryland, as the four U.S. cities with the highest percentage of millionaires (Kiplinger website). Consider a sample of data that show the following number of millionaires for samples of individuals from each of the four cities. City Bridgeport,San Jose,Washington,Lexington Park, MillionaireCTCAD.C.MD Yes45333634 No455267364366 a. What is the estimate of the percentage of millionaires in each of these cities (to 1 decimal)

Answers

Answer 1

Answer:

The estimate of the percentage of millionaires in each of these cities:

                          Bridgeport      San Jose    Washington    Lexington Park

                                CT                 CA               D.C.                MD

Percentage of

Millionaires             9%                 12%              9%                 8.3%

Step-by-step explanation:

Data and Calculations:                            City

                            Bridgeport,     San Jose,   Washington,   Lexington Park,

Millionaire                   CT                 CA              D.C.                 MD

Yes                             45                  36               36                    33

No                              455               264             364                 367

Sample                      500               300             400                 400

Percentage of

 Millionaires            45/500         36/300         36/400           33/400

=                               0.09               0.12             0.09            0.0825

=                                 9%                 12%              9%               8.3%

Answer 2

Using the percentage concept, it is found that the estimate of the percentage of millionaires in these cities is of 9.25%.

What is a percentage?

The percentage of an amount a over a total amount b is given by a multiplied by 100% and divided by b, that is:

[tex]P = \frac{a}{b} \times 100\%[/tex]

Researching the problem on the internet, it is found that:

A total of 45 + 34 + 37 + 32 + 455 + 266 + 363 + 368 = 1600 people were surveyed, hence b = 1600.Of those, 45 + 34 + 37 + 32 = 148 are millionaires, hence a = 148.

Then:

[tex]P = \frac{148}{1600} \times 100\% = 9.25\%[/tex]

The estimate of the percentage of millionaires in these cities is of 9.25%.

More can be learned about the percentage concept at https://brainly.com/question/10491646


Related Questions

Leo has 2 5/8 ounces of sunblock.
He uses one third of an ounce at
the beach. How much does he
have left?

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Answer:

2 7/24

Step-by-step explanation:

Answer:

Step-by-step explanation: 6

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By solving them of course ;-;

Answer: that depends on the qyestion

A park ranger wants to know the average time it takes hikers to hike a trail. There is an average of 1,245 hikers on the trail in a year. How can he find a reasonable estimate for the amount of time it takes to hike the trail? A time any hiker on the trail and use that time

B time himself on the trail and use that time

C time 100 hikers and average their times

D time 3 hikers and average their times

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Answer:

B

Step-by-step explanation:

the reason why is a bigger sample size and a different types of people in a 100 than 3 or than himself

Dan used 942 units of electricity from July to October.
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Work out the meter reading in October

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Answer:

89n

Step-by-step explanation:)

Answer:

33289

Step-by-step explanation:

July reading + Useage

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Answer:

I am you helper

Step-by-step explanation:

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Answer:

56 degrees

Step-by-step explanation:

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124 degrees

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What is m
Look at the image above

Answers

Answer:

m∠F = 90°

Step-by-step explanation:

By the property of a kite,

"One pair of the opposite angles are congruent"

m∠E ≅ m∠G

m∠E = m∠G = 113°

Sum of the interior angles of a polygon = (n - 2) × 180°

Here, n = number of sides of the polygon

For a kite, n = 4

Therefore, sum of the interior angles of the given kite = (4 - 2) × 180°                                                                          

                                                                                          = 360°

Therefore, m∠E + m∠F + m∠G + m∠H = 360°

113° + m∠F + 113° + 44° = 360°

m∠F = 360° - 270°

m∠F = 90°

What is the slope of the line with the equation -5 - x = y?
O 5
O 1
O -1
O-5

Answers

Answer:

-1

Step-by-step explanation:

What ever number is in front of x that is the answer. If there is only a x then it means 1.

The answer is c I thought it was b first but the 5 is negative so -1

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Answers

You multiply the radius by 2 and then multiply that by pi(3.14)so your answer would be 31.4
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Simplify
-3(2.5-k)+0.5(7+8k)

Answers

Answer:

-7•5+3k+3•5+4k

-7•5+3•5+4k+3k

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Consider the following hypothesis test: H 0: 50 H a: > 50 A sample of 50 is used and the population standard deviation is 6. Use the critical value approach to state your conclusion for each of the following sample results. Use = .05. a. With = 52.5, what is the value of the test statistic (to 2 decimals)? Can it be concluded that the population mean is greater than 50? Select b. With = 51, what is the value of the test statistic (to 2 decimals)? Can it be concluded that the population mean is greater than 50? Select c. With = 51.8, what is the value of the test statistic (to 2 decimals)? Can it be concluded that the population mean is greater than 50? Select

Answers

Answer:

Part a:

The calculate value of Z = 2.946 lies in the critical region so the null hypothesis is rejected and alternate hypothesis is accepted that population mean is greater than 50.

Part b:

The calculate value of Z = 1.17851 does not lie in the critical region so the null hypothesis is accepted that population mean is not greater than 50.

Part c:

The calculate value of Z = 2.1213  lies in the critical region so the null hypothesis is rejected and concluded that population mean is greater than 50.

Step-by-step explanation:

Data as given

H 0: μ ≤ 50 against the claim H a:  μ> 50  one tailed test

Z (0.05)= ± 1.645

Sample size n= 50

Using the central limit theorem

Population Standard Deviation= σ=s=6

X= 52.5 , 51 and 51.8

Part a:

Z= x-μ/ s/ √n

Z= 52.5- 50 / 6/ √50

Z= 2.5/0.84853

z= 2.946

The calculate value of Z = 2.946 lies in the critical region so the null hypothesis is rejected and alternate hypothesis is accepted that population mean is greater than 50.

Part b:

Z= x-μ/ s/ √n

Z= 51- 50 / 6/ √50

Z= 1/0.84853

z= 1.17851

The calculate value of Z = 1.17851 does not lie in the critical region so the null hypothesis is accepted that population mean is not greater than 50.

Part c:

Z= x-μ/ s/ √n

Z= 51.8- 50 / 6/ √50

Z= 1.8/0.84853

z= 2.1213

The calculate value of Z = 2.1213  lies in the critical region so the null hypothesis is rejected and concluded that population mean is greater than 50.

guys why does my bottle thats called shampoo taste like soap and its fluffy it says cucumber edition i wanted to taste it but it tastes nothing like cucumber and it makes me gassy please help and explain how to stop this

Answers

Answer:

I'm pretty sure you can stop it by not drinking shampoo.

Step-by-step explanation:

shampoo is bad for you.

Answer:

Stop eating the shampoo

Step-by-step explanation:

If, you don't eat the cucumber shampoo it will not make you gassy.

1/4( 16x-8)-8x= -1/3 ( ? x+9)

What is the only value you can substitute to have no values of x?

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Answers

Answer:

d.16

Step-by-step explanation:

In a study of speed​ dating, female subjects were asked to rate the attractiveness of their male​ dates, and a sample of the results is listed below ​(1not ​attractive; 10extremely ​attractive). Find the​ range, variance, and standard deviation for the given sample data. Can the results be used to describe the variation among attractiveness ratings for the population of adult​ males

Answers

Answer:

[tex]Range = 7[/tex]

[tex]s^2 = 3.53[/tex] -- Variance

[tex]s = 1.88[/tex] --- Standard Deviation

No, it can not be used

Step-by-step explanation:

Given

I'll use the data in the attachment to answer the question.

(a) Range:

[tex]Range = Highest - Lowest[/tex]

From the attached data.

[tex]Highest = 10[/tex]

[tex]Lowest = 3[/tex]

So:

[tex]Range = 10 - 3[/tex]

[tex]Range = 7[/tex]

(b) Variance:

We start by calculating the mean:

[tex]\overline x = \frac{\sum x}{n}[/tex]

[tex]\overline x = \frac{5 + 8 + 3 + 8 + 6 + 10 + 3 +......+ 8+8+7}{26}[/tex]

[tex]\overline x = \frac{171}{26}[/tex]

[tex]\overline x = 6.58[/tex] --- approximated

The sample variance is then calculated using:

[tex]s^2 = \frac{\sum(x_i - \overline x)^2}{n-1}[/tex]

This gives:

[tex]s^2 = \frac{(5-6.58)^2+(8-6.58)^2+(3-6.58)^2+(8-6.58)^2+..............+(8-6.58)^2+(8-6.58)^2+(7-6.58)^2}{25-1}[/tex]

[tex]s^2 = \frac{88.3464}{25}[/tex]

[tex]s^2 = 3.53[/tex]  --- approximated

(c) Standard Deviation.

This is calculated as:

[tex]s = \sqrt{s^2[/tex]

Substitute 3.53 for [tex]s^2[/tex]

[tex]s = \sqrt{3.53}[/tex]

[tex]s = 1.88[/tex] --- approximated

(d) No, it can not be used because the selected sample is too small to represent the total population and as such the result of the measure of variations can not be used.

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Answers

25 miles in 20 minutes

6x +2(5x - 6) *
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Answer:

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Step-by-step explanation:

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Answers

Answer:

6 minutes at each game

Step-by-step explanation:

24 minutes divided by 4 games, if he spends and equal amount of time at each game it would be 24/4=6

Answer:

6

Step-by-step explanation:

24/4=6

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Answers

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is 10,800

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The average cost for vacation is $1050 if a family borrows money for the vacation at an interest rate of 11.9% for six months what is the total cost of the vacation including the interest on the loan

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Answers

2/3
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Answers

the answer is c. :))
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Create a word problem that can be represented by the following system of equations.
X + y = 50
2x + 4y = 120

Answers

Answer:

Step-by-step explanation:

You run a train station that sells children tickets for 2 dollars and adult tickets for 4 dollars

The total tickets sold on Saturday was 50

The train station made 120

How many adult tickets and kid tickets did they sell?

(40 kids, 10 adults)

A pen cost $40 and the book cost $10

The word problem that can be represented by the equation is: John bought one pen and one book for $50. He went the next day and bought 2 pens and 4 books for $120.

x + y = 50 ....... i

2x + 4y = 120 .... ii

Let x = pen

Let y = book.

From equation i, x = 50 - y

Since 2x + 4y = 120

2(50 - y) + 4y = 120

100 - 2y + 4y = 120

Collect like terms

-2y + 4y = 120 - 100

2y = 20

y = 10

Therefore, a book cost $10

Since x + y = 50

x + 10 = 50

x = 50 - 10

x = 40

A pen cost $40

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https://brainly.com/question/20986179

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Answer:

61,600

Step-by-step explanation:

56,000 x 1.1= 61,600

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Answer:

Its false

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It cant increase

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it issss false

An optical inspection system is used to distinguish among different part types. The probability of a correct classification of any part is 0.93. Suppose that three parts are inspected and that the classifications are independent. Let the random variable X denote the number of parts that are correctly classified. Determine the probability mass function of X.
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x f(x)
0
1
2
3

Answers

Answer:

Follows are the solution to this question:

Step-by-step explanation:

Let P(X = x) mark x model number classified correctly.

The mass function of the probability:

[tex]\to f(0) = P(X=0) = (0.03)^3 = 0.0000\\\\\to f(1) = P(X=1) = (3 C_1)\times (0.97)\times (0.03)^2 = 0.0026\\\\\to f(2) = P(X=2) = (3 C_2)\times (0.97)^2 \times (0.03) = 0.0847\\\\\to f(3) = P(X=3) = (0.97)^3 = 0.9127\\\\[/tex]

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Answers

Answer:

3y=-x+9

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Step-by-step explanation:

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The answer is
a = 4
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Answers

Answer:

7/2

Step-by-step explanation:

The reciprocal is basically just flipping the fraction upside down. Reciprocal is also called inverse.

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Answers

Answer:

Step-by-step explanation:

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