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
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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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
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