In order to estimate the average electric usage per month, a sample of 173 houses was selected and the electric usage was determined. The sample had a mean of 2110 kilowatt-hours and a standard deviation of 330. The objective is to create a 99% confidence interval. What is the margin of error?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In order to estimate the average electric usage per month, a sample of 173 houses was selected and the electric usage was determined. The ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Woolford Inc. declared a cash dividend of $1.00 per share on its 2 million outstanding shares. The dividend was declared on August 1, payable on September 9 to all stockholders of record on August 15.
Answers (1)
If GDP exceeds aggregate expenditures in a private closed economy: A. Saving will exceed planned investment B. Planned investment will exceed saving C. Planned investment will exceed actual investment D. Injections will exceed leakages
Answers (1)
If an economy experiences a decrease in aggregate demand due to a decline in consumer confidence and output falls below potential GDP, which of the following is likely to occur? A. more consumption and less saving B.
Answers (1)
When firms are neither entering nor exiting a perfectly competitive market, a. total revenue must equal total cost for each firm. b. economic profits must be zero. c. price must equal the minimum of marginal cost for each firm. d.
Answers (1)
Vision Tech's stock price is currently trading at $17 per share. The consensus among analysts is that the intrinsic value of Vision Tech's stock is $27 per share. Is Vision Tech more or less likely to receive a hostile takeover bid? a. Less likely b.
Answers (1)
New Questions in Business
When the federal funds rate increases, banks make: (a) fewer loans to ensure they do not run low on reserves. (b) fewer loans so they can worry less about borrowing reserves. (c) more loans so they can worry less about borrowing reserves.
Answers (1)
Potential real gdp = $200 billion natural rate of unemployment = 6 percent actual rate of unemployment = 12 percent refer to the accompanying data, which is for a specific year in a hypothetical economy for which okun's law is applicable.
Answers (1)
Assume that a $1,000 bond issued in 2015 pays $100 in interest each year. What is the current yield on the bond if it can be purchased for $1,200? Enter your answer in percent form and to one decimal place. For example, if your answer is 0.034 (3.
Answers (1)
Flex Co. just paid total dividends of $975,000 and reported additions to retained earnings of $2,925,000. The company has 675,000 shares of stock outstanding and a benchmark PE of 16.9 times. What stock price would you consider appropriate?
Answers (1)
Improving performance and striving for a better career is an example of ...
Answers (1)