Lesson 7: Probability Calculations Involving a Mean Response
Preparation
Directions: Please fill in Part I as you study the Reading Assignment. Once you finish
the reading, complete the questions on Part II. You may use your notes, the key, and
the help v
Lesson 6: Sampling Distributions of the Sample Mean;
Central Limit Theorem
Homework
Solutions
Please note that the steps show rounded numbers, but that the final answers to the problems
are calculated without rounding.
Problem
Part
Solution
1

2

3
4
5
Lesson 7: Probability Calculations Involving a Mean
Response
Homework
Solutions
Problem
Part
Solution
1

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

There are many possible sample means that could be obtained from a population.
For example, if you draw a s
Lesson 5: Normal Distribution
Preparation
Directions: Please fill in Part I as you study the Reading Assignment. Once you finish
the reading, complete the questions on Part II. You may use your notes, the key, and
the help videos. Be sure to take this com
Lesson 4: Probability; Discrete Random Variables
Preparation
Directions: Please fill in Part I as you study the Reading Assignment. Once you finish
the reading, complete the questions on Part II. You may use your notes, the key, and
the help videos. Be su
Lesson 5: Normal Distributions
Homework
Instructions: You are encouraged to collaborate with other students on the
homework, but it is important that you do your own work. Before working with
someone else on the assignment, you should attempt each problem
Lesson 7: Probability Calculations Involving a Mean Response
Preparation
Solutions
Proble
m
Par
t
Solution
1
1
The parent population is normally distributed, so the sample mean is
automatically normally distributed.
The sample size is large, and the Centr
Financial ToolBoxes
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APR
Compounding Periods
Present Value
Payment
Years
Future Value:
APR
Compounding Periods
Present Value
Future Value
Years
Payme
Final Project: Make Inference/Take Action
Research Question: According to Phillips Exeter Academy, M&Ms was inquired of
the proportion of colors found in bags of M&Ms in the Fall of 2008. In response,
M&Ms stated, Our color blends were selected by conduct
Mini Financial Calculators
(Shaded boxes are the outputs based on the given inputs above the box. Do not type in the shaded boxes.)
APR
Compounds
Present Value
Payment
Years
Future Value:
APR
Compounds
Present Value
Future Value
Years
Payment:
APR
Compoun
Sarah's Financial Action Plan
Sarah's Daily Expense Record
(* Do Not Type In Any Gray Boxes*)
Debit
Cash
February Budget
Income
Employment
Financial Aid
Other
Total Income:
Goal
290.00
125.00
100.00
415.00
Goal
Savings (Short Term)
Emergency
Living Expens
Learnselfdisciplineandselfrestraintinmoneymatters.
True or False? It doesnt matter how much money a family brings in, there is potential for
families (at all economic levels) to struggle with financial challenges. True
2. According to the American Bar Ass
Sarah's Financial Action Plan
Sarah's Daily Expense Record
(* Do Not Type In Any Gray Boxes*)
Debit
Cash
February Budget
Income
Employment
Financial Aid
Other
Total Income:
Goal
290.00
125.00
100.00
415.00
Goal
Savings (Short Term)
Emergency
Living Expens
Sarah's Financial Action Plan
Sarah's Daily Expense Record
(* Do Not Type In Any Gray Boxes*)
Debit
Cash
February Budget
Income
Employment
Financial Aid
Other
Total Income:
Goal
290.00
125.00
415.00
Goal
Savings (Short Term)
Emergency
Living Expenses
Vehi
Calculating Liabilities and Proprietorship
Rick Davis, owner of a fabric and sewing supply store, owes $1,700 to AA Woolen Co. and
$1,300 to Softer Mills for merchandise purchased from them on credit. What are his total
liabilities?
$1,700 + $1,300 = $3,0
Calculating Home Expenses
The Stevens home has 1,500 square feet of floor space. At $90.00 per square foot, how much
would it cost to replace the home?
1,500 x $90.00 = $135,000.00
Calculating Property Tax pt 1
A person has a commercial property with a fu
Basic Checking
There are six parts of the check that need to be filled in:
1. The current date, which you and the bank need for reference
2. Whom the check is written to
3. The dollars and cents amount in numerals
4. The dollars and cents amount in words
Calculating Total Price
To find the total price of 6 boxes of computer paper if the unit price is $15.30, you would multiply
the two figures together.
6 x $15.30 = $91.80
Calculating Savings
This example shows how to determine whether there is a savings i
Calculating Interest pt 1
Susan deposited $705.00 in a savings account that pays 9 % simple interest. After six months,
how much interest had she earned? (Remember that six months will be or 0.5 of a year.)
I = $705 x 0.095 x 0.5
I = $33.49, when rounded
Calculating Travel Expenses (Bus)
The oneway bus fare from Los Angeles to Chicago is $80.20. The roundtrip fare is double the
price less a 5% discount. To determine the total roundtrip ticket prices, do the following:
First, multiply $80.20 by 2:
$80.2
Calculating a Budget pt 1
Determine what percent of your budget is spent on recreation if you spend $560.00 and your
total budget was $12,000.00
$560 / $12,000 = 0.046666
Calculating a Budget pt 2
Determine how much money you spend on transportation if yo
Calculating Sticker Price
First, find the base price:
$22,567.00
Then add all the options together:
$565.00 + $940.00 + $845.00 + $548.00 = $2,898.00
Next, find the destination charge:
$325.00
Finally, add the three totals together to determine the sticke
Financial ToolBoxes
(Grayshaded boxes are the outputs based on the given inputs above them. Do not type in the shaded boxes.)
APR
Compounding Periods
Present Value
Payment
Years
Future Value:
APR
Compounding Periods
Present Value
Future Value
Years
Payme
Financial ToolBoxes
(Grayshaded boxes are the outputs based on the given inputs above them. Do not type in the shaded boxes.)
APR
Compounding Periods
Present Value
Payment
Years
Future Value:
APR
Compounding Periods
Present Value
Future Value
Years
Payme
Unit 3 Exam Practice
4D Loan Payments, Credit Cards, and Mortgages
Course Outcomes:
1. Demonstrate competence with the mathematics of installment loans by constructing
amortization schedules using spreadsheet technology.
2. Calculate installment payments
Financial ToolBoxes
(Grayshaded boxes are the outputs based on the given inputs above them. Do not type in the shaded boxes.)
APR
Compounding Periods
Present Value
Payment
Years
Future Value:
APR
Compounding Periods
Present Value
Future Value
Years
Payme
DESCRIPTIVE STATISTICS
Over the semester as you are taking Math 108, please keep track of your sleep hours (rounded to the nearest .5
Be sure to finish the descriptive statistics at the bottom and do a Copy / Paste of the table to your PowerPoint slid
Sem
Lesson 19: Inference for Several Proportions, GoodnessofFit,
and Independence
Homework
L19: Homework Assignment
Instructions: You are encouraged to collaborate with other students on the
homework, but it is important that you do your own work. Before wo
Lesson 17: Inference for One Proportion
Homework
Instructions: You are encouraged to collaborate with other students on the
homework, but it is important that you do your own work. Before working with
someone else on the assignment, you should attempt eac