What would be a reasonable amount to charge

Reference no: EM13120856

Aa random sample of 70 four-year-old attending day care center provided a yearly tuition average of $3,994 and a population standard deviation of $660. Find the 93% confidence interval of the true mean. If a day care center were starting up and wanted to keep tuition low, what would be a reasonable amount to charge? Round your calculation to the nearest dollar.

Reference no: EM13120856

Questions Cloud

Problem related to minimum pretax return : The company requires a minimum pretax return of 13% on all investment projects. The net present value of the proposed project is closest to:

Explain conclude-that women think men are less kind-gentle : At the .05 level, can we conclude-that women think men are less kind, gentle, and thoughtful in 2000 compared with 1990?

What is the percent by mass of silver nitrate in this soln : A 91 gram solution of silver nitrate contains 8 grams of AgNO3. What is the percent by mass of silver nitrate in this solution.

Find weight corresponding to each percentile of weight : The weight of a small Starbucks coffee is a random variable with a mean of 360 g and a standard deviation of 9 g. Use Excel to find the weight corresponding to each percentile of weight.

What would be a reasonable amount to charge : Find the 93% confidence interval of the true mean. If a day care center were starting up and wanted to keep tuition low, what would be a reasonable amount to charge?

Metric measurements for spa : Suppose you wish to build a spa on a wood deck. The deck is to be built 4 ft above level ground. It is to be 50 ft by 30 ft and is to contain a spa that is circular with a 14-ft diameter. The spa is 4 ft deep.

What is the net working capital for 2012 : What is the Net Working Capital for 2012 and what is it for 2011 - what is the Change in Net Working Capital (NWC)?

What is the final temperature of water : if 40.0 kJ of energy is absorbed by 500.0 g of water at 10.0 degrees celcius what is the final temperature of water?

Cause-and-effect relationship : Which of the following is NOT a reason for expecting that a cause-and-effect relationship exists between the level of an activity and specified costs.

User Account

All Pages