Homework Help is Here – Start Your Trial Now!
Math
Statistics
Business bankruptcies in Canada are monitored by the Office of the Superintendent of Bankruptcy Canada (OSB). Included in each report are the asssets and liabilities the company declared at the time of the bankruptcy filing. A study is based on a random sample of 60 reports from the province of Ontario. The average debt (liabilities minus assets) is $2.68 million with a standard deviation of $4.85 million. Construct a 95% one-sample t confidence interval for the average debt of these companies at the time of filing. Express your answer in interval form, (lower, upper), in millions of dollars, precise to three decimal places. 95% confidence interval: 70,663.57

Business bankruptcies in Canada are monitored by the Office of the Superintendent of Bankruptcy Canada (OSB). Included in each report are the asssets and liabilities the company declared at the time of the bankruptcy filing. A study is based on a random sample of 60 reports from the province of Ontario. The average debt (liabilities minus assets) is $2.68 million with a standard deviation of $4.85 million. Construct a 95% one-sample t confidence interval for the average debt of these companies at the time of filing. Express your answer in interval form, (lower, upper), in millions of dollars, precise to three decimal places. 95% confidence interval: 70,663.57

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 1GP
See similar textbooks
icon
Related questions
Question

Urgently need

Business bankruptcies in Canada are monitored by the Office of the Superintendent of Bankruptcy Canada (OSB). Included in each report are the asssets and liabilities the company declared at the time of the bankruptcy filing. A study is based on a random sample of 60 reports from the province of Ontario. The average debt (liabilities minus assets) is $2.68 million with a standard deviation of $4.85 million. Construct a 95% one-sample t confidence interval for the average debt of these companies at the time of filing. Express your answer in interval form, (lower, upper), in millions of dollars, precise to three decimal places. 95% confidence interval: 70,663.57 <x <113,680.43 million dollars Incorrect
Transcribed Image Text:Business bankruptcies in Canada are monitored by the Office of the Superintendent of Bankruptcy Canada (OSB). Included in each report are the asssets and liabilities the company declared at the time of the bankruptcy filing. A study is based on a random sample of 60 reports from the province of Ontario. The average debt (liabilities minus assets) is $2.68 million with a standard deviation of $4.85 million. Construct a 95% one-sample t confidence interval for the average debt of these companies at the time of filing. Express your answer in interval form, (lower, upper), in millions of dollars, precise to three decimal places. 95% confidence interval: 70,663.57 <x <113,680.43 million dollars Incorrect
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 9 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
SEE MORE TEXTBOOKS