Contemporary Mathematics for Business & Consumers
8th Edition
ISBN: 9781305585447
Author: Robert Brechner, Geroge Bergeman
Publisher: Cengage Learning
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Chapter 12.III, Problem 2RE
To determine
To calculate: The amount of sinking fund payment where payment frequency is every year, the time duration is
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Answer questions 8.3.3 and 8.3.4 respectively
8.3.4 .WP An article in Medicine and Science in Sports and
Exercise [“Electrostimulation Training Effects on the Physical Performance of Ice Hockey Players” (2005, Vol. 37, pp.
455–460)] considered the use of electromyostimulation (EMS) as
a method to train healthy skeletal muscle. EMS sessions consisted of 30 contractions (4-second duration, 85 Hz) and were carried
out three times per week for 3 weeks on 17 ice hockey players.
The 10-meter skating performance test showed a standard deviation of 0.09 seconds. Construct a 95% confidence interval of the
standard deviation of the skating performance test.
8.6.7 Consider the tire-testing data in Exercise 8.2.3. Compute a 95% tolerance interval on the life of the tires that has confidence level 95%. Compare the length of the tolerance interval with the length of the 95% CI on the population mean. Which interval is shorter? Discuss the difference in interpretation of these two intervals.
Chapter 12 Solutions
Contemporary Mathematics for Business & Consumers
Ch. 12.I - Freeport Bank is paying 8% interest compounded...Ch. 12.I - Vista Savings Loan is paying 6% interest...Ch. 12.I - Katrina Byrd invested $250 at the end of every...Ch. 12.I - Use Table 12-1 to calculate the future value of...Ch. 12.I - Use Table 12-1 to calculate the future value of...Ch. 12.I - Use Table 12-1 to calculate the future value of...Ch. 12.I - Use Table 12-1 to calculate the future value of...Ch. 12.I - Use Table 12-1 to calculate the future value of...Ch. 12.I - Use Table 12-1 to calculate the future value of...Ch. 12.I - Use Table 12-1 to calculate the future value of...
Ch. 12.I - Use Table 12-1 to calculate the future value of...Ch. 12.I - Use Table 12-1 to calculate the future value of...Ch. 12.I - Use Table 12-1 to calculate the future value of...Ch. 12.I - Solve the following exercises by using Table 12-1....Ch. 12.I - Solve the following exercises by using Table 12-1....Ch. 12.I - Solve the following exercises by using Table...Ch. 12.I - Solve the following exercises by using Table 12-1....Ch. 12.I - Solve the following exercises by using Table...Ch. 12.I - Solve the following exercises by using formulas....Ch. 12.I - Solve the following exercises by using...Ch. 12.I - Solve the following exercises by using formulas....Ch. 12.I - Annuities Due Annuity Payment Time Nominal...Ch. 12.I - Annuities...Ch. 12.I - Annuities Due Annuity Payment Time Nominal...Ch. 12.I - To establish a "rainy day" cash reserve account....Ch. 12.I - 23. As a part of his retirement planning strategy....Ch. 12.I - Hi-Tech Hardware has been in business for a few...Ch. 12.II - Prob. 4TIECh. 12.II - Prob. 5TIECh. 12.II - Prob. 6TIECh. 12.II - Use Table 12-2 to calculate the present value of...Ch. 12.II - Prob. 2RECh. 12.II - Prob. 3RECh. 12.II - Prob. 4RECh. 12.II - Prob. 5RECh. 12.II - Prob. 6RECh. 12.II - Prob. 7RECh. 12.II - Prob. 8RECh. 12.II - Prob. 9RECh. 12.II - Prob. 10RECh. 12.II - Prob. 11RECh. 12.II - Solve the following exercises by using Table...Ch. 12.II - Solve the following exercises by using Table 12-2....Ch. 12.II - Prob. 14RECh. 12.II - Solve the following exercises by using Table...Ch. 12.II - Solve the following exercises by using Table...Ch. 12.II - Prob. 17RECh. 12.II - Prob. 18RECh. 12.II - Prob. 19RECh. 12.II - Prob. 20RECh. 12.II - Prob. 21RECh. 12.II - Prob. 22RECh. 12.II - As part of an inheritance. Joan Townsend will...Ch. 12.II - Norm Legend has been awarded a scholarship from...Ch. 12.III - Prob. 7TIECh. 12.III - Prob. 8TIECh. 12.III - Prob. 9TIECh. 12.III - Apex Manufacturing recently purchased a new...Ch. 12.III - Prob. 1RECh. 12.III - Prob. 2RECh. 12.III - Prob. 3RECh. 12.III - Prob. 4RECh. 12.III - Prob. 5RECh. 12.III - Prob. 6RECh. 12.III - You have just been hired as a loan officer at the...Ch. 12.III - Prob. 8RECh. 12.III - Prob. 9RECh. 12.III - Loan Payment Term of Nominal Present...Ch. 12.III - Prob. 11RECh. 12.III - Solve the following exercises by using tables.
12....Ch. 12.III - Solve the following exercises by using tables.
13....Ch. 12.III - Solve the following exercises by using tables....Ch. 12.III - Solve the following exercises by using tables.
15....Ch. 12.III - Solve the following exercises by using the sinking...Ch. 12.III - Prob. 17RECh. 12.III - Prob. 18RECh. 12.III - Prob. 19RECh. 12.III - Prob. 20RECh. 12.III - Prob. 21RECh. 12.III - Prob. 22RECh. 12.III - Randy Scott purchased a motorcycle for $8,500 with...Ch. 12.III - Prob. 24RECh. 12.III - Prob. 25RECh. 12 - Payment or receipt of equal amounts of money per...Ch. 12 - Prob. 2CRCh. 12 - Prob. 3CRCh. 12 - Prob. 4CRCh. 12 - Prob. 5CRCh. 12 - The table factor for an annuity due is found by...Ch. 12 - 7. Write the formula for calculating the future...Ch. 12 - Prob. 8CRCh. 12 - Prob. 9CRCh. 12 - Prob. 10CRCh. 12 - 11. A(n) ____ fund is an account used to set aside...Ch. 12 - Prob. 12CRCh. 12 - Prob. 13CRCh. 12 - Prob. 14CRCh. 12 - Prob. 1ATCh. 12 - Prob. 2ATCh. 12 - Prob. 3ATCh. 12 - Prob. 4ATCh. 12 - Prob. 5ATCh. 12 - Prob. 6ATCh. 12 - Prob. 7ATCh. 12 - Use Table 12-2 to calculate the present value of...Ch. 12 - Prob. 9ATCh. 12 - Use Table 12-1 to calculate the amount of the...Ch. 12 - Prob. 11ATCh. 12 - Prob. 12ATCh. 12 - Prob. 13ATCh. 12 - Prob. 14ATCh. 12 - Prob. 15ATCh. 12 - Prob. 16ATCh. 12 - Solve the following exercises by using tables.
17....Ch. 12 - Prob. 18ATCh. 12 - Prob. 19ATCh. 12 - Solve the following exercises by using tables....Ch. 12 - Solve the following exercises by using formulas....Ch. 12 - Prob. 22ATCh. 12 - Prob. 23ATCh. 12 - Prob. 24ATCh. 12 - Prob. 25ATCh. 12 - Prob. 26ATCh. 12 - Prob. 27ATCh. 12 - Prob. 28ATCh. 12 - Prob. 29ATCh. 12 - Prob. 30ATCh. 12 - Prob. 31ATCh. 12 - Prob. 32ATCh. 12 - Prob. 33ATCh. 12 - Prob. 34ATCh. 12 - Prob. 35AT
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- 8.6.2 Consider the natural frequency of beams described in Exercise 8.2.8. Compute a 90% prediction interval on the diameter of the natural frequency of the next beam of this type that will be tested. Compare the length of the prediction interval with the length of the 90% CI on the population mean. 8.6.3 Consider the television tube brightness test described in Exercise 8.2.7. Compute a 99% prediction interval on the brightness of the next tube tested. Compare the length of the prediction interval with the length of the 99% CI on the population mean.arrow_forwardAnswer question S8 stepwisearrow_forwardAnswer questions 8.2.11 and 8.2.12 respectivelyarrow_forward
- 8.4.2 An article in Knee Surgery, Sports Traumatology, Arthroscopy [“Arthroscopic Meniscal Repair with an Absorbable Screw: Results and Surgical Technique” (2005, Vol. 13, pp. 273–279)] showed that only 25 out of 37 tears (67.6%) located between 3 and 6 mm from the meniscus rim were healed. a. Calculate a two-sided 95% confidence interval on the proportion of such tears that will heal. b. Calculate a 95% lower confidence bound on the proportion of such tears that will heal. 8.4.3 An article in the Journal of the American Statistical Association [“Illustration of Bayesian Inference in Normal Data Models Using Gibbs Sampling” (1990, Vol. 85, pp. 972–985)] measured the weight of 30 rats under experiment controls. Suppose that 12 were underweight rats. a. Calculate a 95% two-sided confidence interval on the true proportion of rats that would show underweight from the experiment. b. Using the point estimate of p obtained from the preliminary sample, what sample size is needed to be 95%…arrow_forward8.4.8 Use the data from Exercise 8.4.2 to compute the two-sided Agresti-Coull CI on the proportion of tears that heal. Compare and discuss the relationship of this interval to the one computed in Exercise 8.4.2.arrow_forwardAnswer questions 8.3.7 and 8.4.1 respectivelyarrow_forward
- Don't do 14. Please solve 19arrow_forward8.4.7 Use the data from Exercise 8.4.5 to compute the two-sided Agresti-Coull CI on the proportion of digits read correctly. Compare and discuss the relationship of this interval to the one computed in Exercise 8.4.5.arrow_forward8.6.5 Consider the fuel rod enrichment data described in Exercise 8.2.11. Compute a 90% prediction interval on the enrichment of the next rod tested. Compare the length of the prediction interval with the length of the 99% CI on the population mean.arrow_forward
- 8.4.4 The Arizona Department of Transportation wishes to survey state residents to determine what proportion of the population would like to increase statewide highway speed limits from 65 mph to 75 mph. How many residents does the department need to survey if it wants to be at least 99% confident that the sample proportion is within 0.05 of the true proportion? 8.4.5 The U.S. Postal Service (USPS) has used optical character recognition (OCR) since the mid-1960s. In 1983, USPS began deploying the technology to major post offices throughout the country (www.britannica.com). Suppose that in a random sample of 500 handwritten zip code digits, 466 were read correctly. a. Construct a 95% confidence interval for the true proportion of correct digits that can be automatically read. b. What sample size is needed to reduce the margin of error to 1%? c. How would the answer to part (b) change if you had to assume that the machine read only one-half of the digits correctly?arrow_forwardAnswer questions 8S7 and 8S14arrow_forwardAnswer questions 8.2.9 and 8.2.10 respectivelyarrow_forward
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