(Answered) Question thomas stanley who surveyed 200 millionaires in

Statistics

Question: Thomas Stanley, who surveyed 200 millionaires in the United States for his book The Millionaire Mind, found that those in that bracket had an average net worth of $9.2 million. The sample variance was 1.3 million $2. Assuming that the surveyed subjects are a random sample of U.S. millionaires, give a 99% confidence interval for the average net worth of U.S. millionaires.

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92502964
Price:- $15

Verified Expert

Priced at $30 Now at $15, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

1 a stat 200 instructor wants to know if students tend to

1. A STAT 200 instructor wants to know if students tend to score differently on the lesson 4 and 5 quizzes. Data were collected from a representative sample of 60 students during the Summer 2018 semester. Data were paire ...

How would i calculate this anystate auto insurance company

How would I calculate this: Anystate Auto Insurance Company took a random sample of 382 insurance claims paid out during a 1-year period. The average claim paid was $1590. Assume σ = $234. Find a 0.90 confidence interv ...

Lisa anderson expects to need 80000 for a down payment on a

Lisa Anderson expects to need $80,000 for a down payment on a house in six years. How much would she have to invest today in an account paying 7.25 percent in order to have $80,000 in six years? (Round answer to 2 decima ...

David barnes and his fianceacutee valerie shah are visiting

David Barnes and his fiancée Valerie Shah are visiting Hawaii. There are 38 guests registered for orientation. It is announced that 20 randomly selected registered guests will receive a free lesson of the Tahitian dance. ...

The amounts in dollars spent by 20 families for dinner at a

The amounts? (in dollars) spent by 20 families for dinner at a restaurant are given on the right. 22 34 29 45 27 56 26 41 64 62 24 37 62 49 56 32 27 43 66 49 Fill in the correct frequencies in the frequency table based o ...

Problem descriptionthe blockchain is a decentralized ledger

Problem Description: The blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using this technology, participants can confirm transactions without a need for a central clearing authorit ...

You hold a stock with price 100 that can increase by 10 or

You hold a stock with price $100 that can increase by 10% or decrease by 10% m a year. The interest rate is 5% a) Suppose that you want to ensure that you'll get a minimum of $I00 in a year regardless of the evolution of ...

Consider the following difference equation and initial

Consider the following difference equation and initial condition(s). In each case, verify that the expression given for an (i) is a solution of the equation (ii) satisfies the initial condition(s). (a) an = 2(1/3)n satis ...

A project has an initial outlay of 2034 it has a single

A project has an initial outlay of $2,034. It has a single cash flow at the end of year 6 of $4,743. What is the internal rate of return (IRR) for the project? Round the answer to two decimal places in percentage form.

Over the past 100 years the level of government regulation

Over the past 100 years, the level of government regulation of financial institutions and markets has ebbed and flowed or, as some economists might argue, has ebbed and flooded. Although the laws and regulatory agencies ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert