PMT: 3000

I/Y: 2

N: 3

FV: 0

PV: ????

I'm probably wrong... I got $8,651.65

I/Y: 2

N: 3

FV: 0

PV: ????

I'm probably wrong... I got $8,651.65

Question

asked 2021-05-14

Consider the accompanying data on flexural strength (MPa) for concrete beams of a certain type.

\(\begin{array}{|c|c|}\hline 11.8 & 7.7 & 6.5 & 6 .8& 9.7 & 6.8 & 7.3 \\ \hline 7.9 & 9.7 & 8.7 & 8.1 & 8.5 & 6.3 & 7.0 \\ \hline 7.3 & 7.4 & 5.3 & 9.0 & 8.1 & 11.3 & 6.3 \\ \hline 7.2 & 7.7 & 7.8 & 11.6 & 10.7 & 7.0 \\ \hline \end{array}\)

a) Calculate a point estimate of the mean value of strength for the conceptual population of all beams manufactured in this fashion. \([Hint.\ ?x_{j}=219.5.]\) (Round your answer to three decimal places.)

MPa

State which estimator you used.

\(x\)

\(p?\)

\(\frac{s}{x}\)

\(s\)

\(\tilde{\chi}\)

b) Calculate a point estimate of the strength value that separates the weakest \(50\%\) of all such beams from the strongest \(50\%\).

MPa

State which estimator you used.

\(s\)

\(x\)

\(p?\)

\(\tilde{\chi}\)

\(\frac{s}{x}\)

c) Calculate a point estimate of the population standard deviation ?. \([Hint:\ ?x_{i}2 = 1859.53.]\) (Round your answer to three decimal places.)

MPa

Interpret this point estimate.

This estimate describes the linearity of the data.

This estimate describes the bias of the data.

This estimate describes the spread of the data.

This estimate describes the center of the data.

Which estimator did you use?

\(\tilde{\chi}\)

\(x\)

\(s\)

\(\frac{s}{x}\)

\(p?\)

d) Calculate a point estimate of the proportion of all such beams whose flexural strength exceeds 10 MPa. [Hint: Think of an observation as a "success" if it exceeds 10.] (Round your answer to three decimal places.)

e) Calculate a point estimate of the population coefficient of variation \(\frac{?}{?}\). (Round your answer to four decimal places.)

State which estimator you used.

\(p?\)

\(\tilde{\chi}\)

\(s\)

\(\frac{s}{x}\)

\(x\)

\(\begin{array}{|c|c|}\hline 11.8 & 7.7 & 6.5 & 6 .8& 9.7 & 6.8 & 7.3 \\ \hline 7.9 & 9.7 & 8.7 & 8.1 & 8.5 & 6.3 & 7.0 \\ \hline 7.3 & 7.4 & 5.3 & 9.0 & 8.1 & 11.3 & 6.3 \\ \hline 7.2 & 7.7 & 7.8 & 11.6 & 10.7 & 7.0 \\ \hline \end{array}\)

a) Calculate a point estimate of the mean value of strength for the conceptual population of all beams manufactured in this fashion. \([Hint.\ ?x_{j}=219.5.]\) (Round your answer to three decimal places.)

MPa

State which estimator you used.

\(x\)

\(p?\)

\(\frac{s}{x}\)

\(s\)

\(\tilde{\chi}\)

b) Calculate a point estimate of the strength value that separates the weakest \(50\%\) of all such beams from the strongest \(50\%\).

MPa

State which estimator you used.

\(s\)

\(x\)

\(p?\)

\(\tilde{\chi}\)

\(\frac{s}{x}\)

c) Calculate a point estimate of the population standard deviation ?. \([Hint:\ ?x_{i}2 = 1859.53.]\) (Round your answer to three decimal places.)

MPa

Interpret this point estimate.

This estimate describes the linearity of the data.

This estimate describes the bias of the data.

This estimate describes the spread of the data.

This estimate describes the center of the data.

Which estimator did you use?

\(\tilde{\chi}\)

\(x\)

\(s\)

\(\frac{s}{x}\)

\(p?\)

d) Calculate a point estimate of the proportion of all such beams whose flexural strength exceeds 10 MPa. [Hint: Think of an observation as a "success" if it exceeds 10.] (Round your answer to three decimal places.)

e) Calculate a point estimate of the population coefficient of variation \(\frac{?}{?}\). (Round your answer to four decimal places.)

State which estimator you used.

\(p?\)

\(\tilde{\chi}\)

\(s\)

\(\frac{s}{x}\)

\(x\)

asked 2021-05-03

According to the Bureau of Labor Statistics, there were approximately 16.3 million workers in the year 2000 and 14.9 million workers in 2010. Consider the change in union workers to be linear and write an equation expressing the number y of union workers in terms of x of years since 2010.

asked 2021-05-17

You want to invest money for your child's education in a certificate of deposit (CD). You want it to be worth \($12,000\) in 10 years. How much should you invest if the CD pays interest at a \(9\%\) annual rate compounded

a) Annually?

b) Continuously?

a) Annually?

b) Continuously?

asked 2021-07-02

A motor home is purchased and a $92000. a loan is obtained for 4 years and 3 months at an interest rate of 10.08% compounded annually. what is the future value of the loan?