During 2022, Sam Reed purchased 350 shares of common stock issued by New Generation Electronics for $7800 including commission. Later in the same year, Sam sold the shares for $8400 after commission. Calculate the following. (Round all answers to two decimal places.)

1. Profit on this stock transaction: $
2. Percentage return on investment: %

Answers

Answer 1

This stock trade generated a profit of $600 and a 7.69% return on investment.

The total amount received from selling the shares, after commission.

The total cost of purchasing the shares = $7800

Total amount received from selling the shares = $8400

The commission paid for purchasing the shares and for selling the shares will cancel out since they will both be subtracted, so we do not need to consider them.

Profit on this stock transaction = Total amount received - Total cost of purchasing

= $8400 - $7800

= $600

To calculate the percentage return on investment, we need to divide the profit by the total cost of purchasing the shares, and then multiply by 100 to express it as a percentage.

Percentage return on investment = (Profit / Total cost of purchasing) x 100%

= ($600 / $7800) x 100%

= 7.69%

Therefore, the profit on this stock transaction was $600 and the percentage return on investment was 7.69%.

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Related Questions

If the length of BE is 3x-11 and the length of CD is 9x - 43, what is the length of CD?

Answers

The value of line CD is 20

How to determine the value

From the diagram shown, we have that;

Line BE = 3x - 11

Line CD = 9x - 43

Note that the length of line BE is half the length of line CD

this is represented as;

2BE = CD

Now, substitute the values

2(3x - 11) = 9x - 43

expand the bracket

6x - 22 = 9x - 43

collect the lie terms

6x - 9x = -43 + 22

-3x = -21

Make 'x' the subject

x = 7

Then, CD = 9(7) - 43 = 20

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Silas took 18 bags of glass to the recycling center. He still has 6 bags of plastic to take to the recycling center. Which equation could be used to find x, the total number of bags of glass and plastic Silas will take to the recycling center? A. 18 - x = 6 B. x - 6 = -18 C. x - 18 = 6 D. x + 18 = 6
PLEASE HELP ME

Answers

Answer:

The correct equation to find the total number of bags of glass and plastic Silas will take to the recycling center is C. x - 18 = 6.

In this equation, x represents the total number of bags of glass and plastic Silas will take to the recycling center. The left side of the equation represents the number of bags of glass Silas will take to the recycling center (x - 18), and the right side represents the number of bags of plastic he still needs to take to the recycling center (6).

By setting the two expressions equal to each other (x - 18 = 6), we can solve for x and determine the total number of bags Silas will take to the recycling center. Adding 18 to both sides of the equation gives us x = 24, which means Silas will take a total of 24 bags (18 bags of glass and 6 bags of plastic) to the recycling center.

All eleven letters from the word MATHEMATICS are written on individual slips of paper and placed in a hat. If you reach into the hat and randomly choose one slip of paper, what are the odds against the paper having the letter C written on it?

Answers

The odds against the paper having the letter C written on it is 10 : 11

What are the odds against the paper having the letter C written on it?

From the question, we have the following parameters that can be used in our computation:

MATHEMATICS

In the above word, we have

Letter C = 1

letters = 11

So, the probability of C is

Probability = 1/11

When converted to odds we have

Odds = Letter - Letter C : Letters

Substitute the known values in the above equation, so, we have the following representation

Odds = 11 - 1 : 11

Evaluate

Odds = 10 : 11

Hence, the odds is 10 : 11

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Rajindri, a physician assistant who works in an emergency room, earns $163 for every two hours that she works.
Which equation represents the relationship between d, the number of dollars Rajindri earns, and t, the amount of time Rajindri works, in hours?

A. d= 163 + t

B. d= 163/2 × t/2

C. d = 163t

D. d = 81.50t

Answers

Answer:

B

Step-by-step explanation:

163 money t for time 2 for 2hours

Which of the following can you determine, when you use deduction and start
from a given set of rules and conditions?
OA. None of these
B. What may be false
C. What may be true
D. What must be true
R
SUBMIT

Answers

Answer: D

Step-by-step explanation:

When using deduction and starting from a given set of rules and conditions, you can determine what must be true. Therefore, the correct answer is:

D. What must be true

D because it’s the start so everything you have is true

A 6 sided die is rolled. The set of equally likely outcomes is 1,2,3,4,5,6 find the probability of rolling a number less than 9

Answers

The probability of rolling a number less than 9 is 1

Finding the probability of rolling a number less than 9

The probability of rolling a number less than 9 is 1, since all the possible outcomes are 1, 2, 3, 4, 5, 6 and all of them are less than 9.

The set of equally likely outcomes when rolling a 6-sided die is {1, 2, 3, 4, 5, 6}.

There are no outcomes greater than 6 since that is the maximum number on the die.

Therefore, the probability of rolling a number less than 9 is equal to the probability of rolling any number on the die, which is 1, since all outcomes in the sample space are equally likely.

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Solve: log2(x-1)+log2(x+5)=4

Answers

Answer:

Using the logarithmic identity log(a) + log(b) = log(ab), we can simplify the left-hand side of the equation:

log2(x-1) + log2(x+5) = log2((x-1)(x+5))

So the equation becomes:

log2((x-1)(x+5)) = 4

Using the exponential form of logarithms, we can rewrite the equation as:

2^4 = (x-1)(x+5)

Simplifying:

16 = x^2 + 4x - 5

Rearranging:

x^2 + 4x - 21 = 0

Using the quadratic formula:

x = (-4 ± sqrt(4^2 - 4(1)(-21))) / (2(1))

x = (-4 ± sqrt(100)) / 2

x = (-4 ± 10) / 2

So x = -7 or x = 3.

However, we need to check whether these solutions satisfy the original equation. We can see that x = -7 does not work, because both terms inside the logarithms would be negative. Therefore, the only solution is x = 3.

Answer:

Using the properties of logarithms, we can simplify the left-hand side of the equation:

log2(x-1) + log2(x+5) = log2((x-1)(x+5))

Therefore, the equation becomes:

log2((x-1)(x+5)) = 4

Using the definition of logarithms, we can rewrite this equation as:

2^4 = (x-1)(x+5)

16 = x^2 + 4x - 5

Simplifying further:

x^2 + 4x - 21 = 0

We can now use the quadratic formula to solve for x:

x = (-4 ± sqrt(4^2 - 4(1)(-21))) / (2*1)

x = (-4 ± sqrt(100)) / 2

x = (-4 ± 10) / 2

x = -7 or x = 3

However, we need to check if these solutions satisfy the original equation.

When x = -7:

log2(x-1) + log2(x+5) = log2((-7-1)(-7+5)) = log2(16) = 4

So x = -7 is a valid solution.

When x = 3:

log2(x-1) + log2(x+5) = log2((3-1)(3+5)) = log2(16) = 4

So x = 3 is also a valid solution.

Therefore, the solutions to the equation log2(x-1) + log2(x+5) = 4 are x = -7 and x = 3.

Step-by-step explanation:

brainliest and 20 point goes to whoever shows work that i can understand

Answers

Answer:

9. 40 = 2πr

r = 20/π inches = 6.4 inches

d = 40/π inches = 12.7 inches

10. 256 = 2πr

r = 128/π feet = 40.7 feet

d = 256/π feet = 81.5 feet

At the beginning of a population study, a city had 300,000 people. Each year since, the population has grown by 2.5%.
Let t be the number of years since start of the study. Let y be the city's population.
Write an exponential function showing the relationship between y and t.

Answers

The population growth can be modeled by an exponential function of the form:

y = ab^t

where y is the population, t is the number of years since the start of the study, a is the initial population, and b is the annual growth rate expressed as a decimal.

In this case, the initial population a is 300,000, and the annual growth rate is 2.5%, or 0.025 as a decimal. Therefore, the exponential function is:

y = 300,000 * (1 + 0.025)^t

Simplifying the expression inside the parentheses, we get:

y = 300,000 * 1.025^t

This is the exponential function that shows the relationship between the city's population y and the number of years t since the start of the study.

What is the sum of the polynomials?
17m-12n-1
+ 4-13m-12n

Answers

Answer: 4m-24n+3

Step-by-step explanation:

Expand and collect like terms!

[tex](17m-12n-1) + (4-13m-12n)\\= 17m - 12n - 1 + 4 - 13m - 12n\\=4m-24n+3[/tex]

Hope this helps <3

The net income of the Apex Company was $110 million in 1995 and has been increasing by $30 million per year since. Over the same period, the net income of its
chief competitor, the Best Corporation, has been growing by $20 million per year, starting with $170 million in 1995. Which company earned more in 2004?
Apex Company
Best Corporation
In what year did/will Apex surpass Best?

Answers

Answer:

Step-by-step explanation:

In 2004, the net income of the Apex Company would be $110 million + ($30 million x 9 years) = $380 million.

The net income of the Best Corporation in 2004 would be $170 million + ($20 million x 9 years) = $350 million.

Therefore, Apex Company earned more in 2004.

To find the year when Apex surpassed Best, we need to set their net incomes equal and solve for time:

110 + 30t = 170 + 20t

10t = 60

t = 6

Therefore, Apex surpassed Best in the year 1995 + 6 = 2001.

Which equation gives the rule for this table?

Responses

Answers

The equation which represents the rule for the variable values is given by option c. y = 2x + 2

The values in the table are,

x  -2   -1    0   1   2

y   -2    0   2   4  6

let us consider two coordinates of the given values in the table .

( x₁ , y₁ ) = ( -2 , -2 )

( x₂ , y₂ ) = ( 0 , 2 )

Using the formula for the slope intercept form of the line we get the equation,

( y - y₁ ) / ( x - x₁ ) = ( y₂ - y₁ ) / ( x₂ - x₁ )

Substitute the values to get the equation of the line we have,

⇒ ( y - ( - 2 ) ) / ( x -  ( -2 ) ) = ( 2 - ( - 2 ) ) / ( 0 - ( - 2 ) )

⇒  ( y + 2 ) / ( x + 2 ) = ( 2 + 2 ) / ( 0 + 2)

⇒  ( y + 2 ) / ( x + 2 ) = 4  / 2

⇒  ( y + 2 ) / ( x + 2 ) = 2

⇒ y + 2 = 2 ( x + 2)

⇒ y + 2 = 2x + 4

⇒ y = 2x + 4 - 2

⇒ y = 2x + 2

Therefore, the equation which represents the rule for the given values of the variable is equal to option c. y = 2x + 2

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Find x,y if (x-1) 8i = 5 + (y² - 1) i​

Answers

To solve for x and y, we can equate the real and imaginary parts of the equation.

Given: (x-1) 8i = 5 + (y² - 1) i

Real Part:
(x-1) 8 = 5
x-1 = 5/8
x = 5/8 + 1
x = 13/8

Imaginary Part:
(y² - 1) = 0
y² = 1
y = ±1

Therefore, the solutions are (x,y) = (13/8,1) and (13/8,-1).

Numbers in the octal number system are numbered from 0 to 7. Based on the numbering pattern in the decimal number system, list the next 20 octal numbers​

Answers

The next 20 octal numbers after 7 are: 10, 11, 12, 13, 14, 15, 16, 17, 20, 21, 22, 23, 24, 25, 26, 27, 30, 31, 32, 33

How to determine the next 20 octal numbers​

In the decimal system, we count from 0 to 9 before moving to the next place value. In the octal system, we count from 0 to 7 before moving to the next place value. Therefore, the next 20 octal numbers after 7 are:

10, 11, 12, 13, 14, 15, 16, 17, 20, 21, 22, 23, 24, 25, 26, 27, 30, 31, 32, 33

To understand how this pattern works, consider the decimal number 32. To convert it to octal, we can repeatedly divide it by 8 and record the remainders:

32 ÷ 8 = 4 with remainder 0

4 ÷ 8 = 0 with remainder 4

So the octal representation of 32 is 40. Similarly, we can convert any decimal number to octal by repeatedly dividing by 8 and recording the remainders.

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Find the exact values of x and y.

Answers

The missing sides of each geometric system are summarized below:

Case 9: (x, y) = (9, 12)

Case 12: (x, y) = (√51, 7)

Case 15: (x, y) = (8, 15)

How to determine missing sides by Pythagorean theorem

In this question we find three cases of geometric systems formed by two right triangles, all missing sides can be found by means of Pythagorean theorem:

r = √(x² + y²)

Where:

r - Hypotenusex, y - Legs

Now we proceed to determine all missing sides:

Case 9

y = √(15² - 9²)

y = 12

x = 9

Case 12

x = √(10² - 7²)

x = √51

y = 7

Case 15

y = √(17² - 15²)

y = 8

x = 15

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At the beach, Trevor and his sister both built sandcastles and then measured their heights. Trevor's sandcastle was 1/2 of a foot tall and his sister's was 1/5 of a foot tall. How much taller was Trevor's sandcastle than his sister's?

Answers

The height of Trevor's sandcastle is 3/10 foot taller than his sister's.

Given that, Trevor's sandcastle was 1/2 of a foot tall and his sister's was 1/5 of a foot tall.

Difference in the height of sandcastles = 1/2 - 1/5

= 5/10 - 2/10

= (5-2)/10

= 3/10

So, the difference in heights = 3/10 foot

Therefore, the height of Trevor's sandcastle is 3/10 foot taller than his sister's.

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The fox population in a certain region has an annual growth rate of 4 percent per year. It is estimated that the population in the year 2000 was 14400.

Answers

The function that models the population t years after 2000 is P(t) = 14400 * (1.04)^t

How find a function that models the population t years after 2000?

The population growth function is of the form:

P(t) = P₀ * (1 + r)^t

Where:

P(t) is the current population after t years

P₀ is the starting population

r is the annual growth rate in percent

Thus, P₀ = 14400 and 4% = 0.04

P(t) = P₀ * (1 + r)^t

P(t) = 14400 * (1 + 0.04)^t

P(t) = 14400 * (1.04)^t

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Complete Question

The fox population in a certain region has an annual growth rate of 4 percent per year. It is estimated that the population in the year 2000 was 14400.

a) Find a function that models the population t years after 2000 (t=0 for 2000).

Your answer is P(t) =

Find the perimeter and area of a square if the length of its diagonal is 16 mm. Round your answers to the nearest tenth. (Hint: Draw and label the square)

Answers

The solution is :  the perimeter and area of a square if the length of its diagonal is 16 mm is, 45.3 mm and 512mm².

Here, we have,

Use the basic 45-45-90 triangle with side length 1 as the building block here.  If the length of one side is 1, then the perimeter is 1 + 1 + 1 + 1, or 4, and the length of the diagonal is √2.

We are told that the length of the diagonal of the given square is 16 m.

Determine the length of one side of this square, using an equation of proportions:

16        x

------ = -------

√2       1

                                            16

Then (√2)x = 16, and x = -----------

                                            √2

The perimeter of the given square (with diagonal 16 mm)  is 4 times the side length found above, or:

     16                      16

4 ---------- = (2)(2) -----------  =  (2)(√2)(16) = 32√2 (all measurements in mm)

      √2                    √2

This perimeter, rounded to the nearest tenth, is 45.3 mm.

so, area of the  square is:

(16/√2)² = 512mm².

Hence, The solution is :  the perimeter and area of a square if the length of its diagonal is 16 mm is, 45.3 mm and 512mm².

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A stack of two hundred eighty cards is placed next to a ruler, and the height of stack is measured to be 7/ 8 inches. How thick is one card?

Answers

In a case whereby  stack of two hundred eighty cards is placed next to a ruler, and the height of stack is measured to be 7/ 8 inches the thickness  of one card is 1/320 inches

How can the  thickness  be known?

Based on  the provided information, two hundred eighty cards is placed next to a ruler ten we can set up the expression as

( 7/ 8) / 280

7/ 8 * 1/280

1/320

Therefore, based on the given information, this implies that Each card is 1/320 inches

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help! I’m getting frustrated

Answers

Answer:

The domain in interval notation is (-infinity, infinity), or all real numbers.

On a planet far far away from Earth, IQ of the ruling species is normally distributed with a mean of 110 and a standard deviation of 16. Suppose one individual is randomly chosen. Let X = IQ of an individual. find the q1 and q3

Answers

Answer:

Step-by-step explanation:

First, we need to find the z-scores for q1 and q3.

Q1:

Using the formula for z-score, we get:

z = (x - μ) / σ

where x is the IQ score we want to find the z-score for, μ is the mean IQ of the population, and σ is the standard deviation of the population.

For the first quartile (q1), we want to find the z-score such that 25% of the population has an IQ score below that value. From the standard normal distribution table, we find that the z-score corresponding to a cumulative area of 0.25 is -0.674.

So we have:

-0.674 = (x - 110) / 16

Solving for x, we get:

x = 99.8

Therefore, q1 is approximately 99.8.

Q3:

Similarly, for the third quartile (q3), we want to find the z-score such that 75% of the population has an IQ score below that value. From the standard normal distribution table, we find that the z-score corresponding to a cumulative area of 0.75 is 0.674.

So we have:

0.674 = (x - 110) / 16

Solving for x, we get:

x = 120.8

Therefore, q3 is approximately 120.8.

I need this quickly please

Answers

(a)The arrow will reach a maximum height of 130 feet.

(b) After around 5 seconds, the arrow will strike the ground.

(c) At 1 second and 4 seconds after launch, the arrow will be 114 feet high.

How to determine maximum height and time?

a) The maximum height of the arrow occurs at the vertex of the parabolic pathway. The x-coordinate of the vertex is given by -b/2a, where a=-16 and b=80. So, t= -b/2a = -80/(2x(-16)) = 2.5 seconds. To find the maximum height, plug in t=2.5 into the equation: h(2.5) = -16(2.5)² + 80(2.5) + 50 = 130 feet.

Therefore, the maximum height of the arrow is 130 feet.

b) To find the time it takes for the arrow to reach the ground, find the value of t when h(t)=0 (since the arrow hits the ground when h=0). We can use the quadratic formula to solve for t:

t = (-V₀ ± √(V₀² - 4ah₀)) / 2a

where a=-16, V₀=80, and h₀=50.

t = (-80 ± √(80² - 4x(-16)50)) / 2(-16) = 5 seconds or -1.5625 seconds

Since time can't be negative, the arrow will hit the ground after about 5 seconds.

c) To find the time it takes for the arrow to be 114 feet high, solve for t when h(t) = 114.

-16t² + 80t + 50 = 114

-16t² + 80t - 64 = 0

Dividing both sides by -16 gives:

t² - 5t + 4 = 0

Factoring gives:

(t-4)(t-1) = 0

So t=4 seconds or t=1 second.

Therefore, the arrow will be 114 feet high at 1 second and 4 seconds after launch.

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Identify the domain and range of the function.

Answers

Answer:

D

Step-by-step explanation:

All the numbers that have fraction are irrational therefore the numbers are real

What are three ratios that are equivalent to fraction 9/5

Answers


The proportions equal to the ratio 9 : 5 is given by the equation
A = 18 : 10 , 27 : 15 and 36 : 20

1. Each person in a random sample of 1.026 adults in the United States was asked the following question "Based on what you know about the Social Security System today, what would you like Congress and the President to do during this next year? The response choice and the percentages selecting them are shown below
Completely overhaul the system 19%
Make some major changes 39%
Make some minor adjustments 30%
Leave the system the way it is now
No opinion 1%

Find a 95% confidence interval for the proportion of all United States adults who would respond "Make some major changes to the question
a. Identify the variables needed to solve the problem.
b. Can a normal distribution be used to approximate this data Justify your evidence. c. Find the standard deviation
d. Calculate the point estimate and margin of error
e. calculate the confidence interval ​

Answers

Answer:

Step-by-step explanation:

a. Variables needed to solve the problem:

Sample size: n = 1,026

Proportion of the sample that responded "Make some major changes": p = 0.39

Confidence level: 95%

b. To determine if a normal distribution can be used to approximate the data, we need to check if the sample size is large enough to meet the requirements for a normal approximation. The sample size should be at least 10 times larger than the number of successes (np) and 10 times larger than the number of failures (n(1-p)). In this case, we have:

np = 1026 x 0.39 = 399.14

n(1-p) = 1026 x 0.61 = 626.86

Both np and n(1-p) are greater than 10, so we can assume that a normal distribution can be used to approximate the data.

c. The standard deviation of the proportion can be calculated using the following formula:

standard deviation = sqrt(p(1-p) / n)

standard deviation = sqrt(0.39 x 0.61 / 1026) = 0.024

d. The point estimate of the proportion of all United States adults who would respond "Make some major changes" is simply the sample proportion, which is p = 0.39. The margin of error can be calculated using the following formula:

margin of error = z* * standard deviation

where z* is the z-score associated with the 95% confidence level. Using a standard normal distribution table or a calculator, we find that the z-score for a 95% confidence level is approximately 1.96. Therefore:

margin of error = 1.96 * 0.024 = 0.047

e. The confidence interval can be calculated using the following formula:

confidence interval = point estimate ± margin of error

confidence interval = 0.39 ± 0.047

confidence interval = (0.343, 0.437)

Therefore, we are 95% confident that the proportion of all United States adults who would respond "Make some major changes" is between 0.343 and 0.437.

Can I get some help with these problems??

Answers

A) (2x+1)⁰ = 96⁰

=> 2x = 96⁰ - 1⁰ = 95⁰

=> x = 95⁰/2 = 47⁰30' (= 47.5⁰)

B) x⁰ = (2x-7)⁰

=> x - 2x = -7

=> -x = -7

=> x = 7⁰

C) mIJ = 45⁰ ; mJK = 57⁰

m✓ IJK = 180⁰- 45⁰ - 57⁰ = 78⁰

=> mIK = 78⁰

Ans: a) 47.5⁰ b) 7⁰ c) mIJ = 45⁰ ; mJK = 57⁰ ; mIK = 78⁰

Ok done. Thank to me >:333

help me solve for please!

Answers

Answer: ∠DGB or ∠EGA

Step-by-step explanation:

Supplementary: Either of two angles whose sum is 180°.

Starting Angle: ∠DGE

Possible Supplements: ∠DGB or ∠EGA

I hope this helps ^^

Please help me with this math question

Answers

The first three terms of the expression (2 · x + 1 / x)¹² are 4096 · x¹², 24576 · x¹⁰ and 67584 · x⁸, respectively.

How to determine the first three terms of the power of a binomial

In this problem we find the case of a expression of the form (a + b)ⁿ, where any term of the expression can be found by binomial theorem:

[tex](a + b)^{n} = \sum\limits_{k = 0}^{n} \frac {n!}{k! \cdot (n - k)!}\cdot a^{n - k}\cdot b^{k}[/tex]

Where:

a, b - Coefficients of the binomial.n - Power of the binomial. k - Index of the term of the expanded form of the binomial.

If we know that a = 2 · x, b = 1 / x and 12, then the first three terms of the power of the binomial are, respectively:

n = 0

[tex]C_{0} = \frac{12!}{0! \cdot (12 - 0)!}\cdot (2\cdot x)^{12 - 0} \cdot (\frac {1}{x})^{0}[/tex]

C₀ = 4096 · x¹²

n = 1

[tex]C_{1} = \frac{12!}{1! \cdot (12 - 1)!}\cdot (2\cdot x)^{12 - 1} \cdot (\frac {1}{x})^{1}[/tex]

C₁ = 12 · (2048 · x¹¹) · (1 / x)

C₁ = 24576 · x¹⁰

n = 2

[tex]C_{2} = \frac{12!}{2! \cdot (12 - 2)!}\cdot (2\cdot x)^{12 - 2} \cdot (\frac {1}{x})^{2}[/tex]

C₂ = 66 · (1024 · x¹⁰) · ( 1 / x²)

C₂ = 67584 · x⁸

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- Higher Order Thinking A sporting goods store manager was selling
a kayak set for a certain price. The manager offered the markdowns
shown on the right, making the one-day sale price of the kayak set $328.
Find the original selling price of the kayak set.
KANN &
SET
10%
OFF
TRRAY
EXTRA
30%
OFF

Answers

The original selling price of the kayak set, given the discounts, would be $ 520. 63

How to find the original selling price ?

The kayak is being sold such that a discount was offered of 10 % and then an additional discount was offered for 30 %.

The first step to the original price is:

= 328 / ( 1 - 30 %)

= 328 / 0. 70

= $ 468. 57

Then, the original price, would then account for the original discount of 10 % to become:

= 468. 57 / ( 1 - 10 %)

= 468. 57 / 0. 90

= $ 520. 63

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In 2022, a random sample of UGA students found that they slept an average of 7.43 hours per night. The margin of error for a 90% confidence interval was reported as 1.32 hours.

(a) What is the lower limit of this 90% confidence interval?
lower limit = (2 decimal places)

(b) If 500 random samples like this were selected, and a 90% confidence interval was constructed using each sample, approximately how many of these confidence intervals would contain the population mean?
(whole number)

Answers

Step-by-step explanation:

(a) The lower limit of the 90% confidence interval can be calculated using the formula:

lower limit = sample mean - margin of error

Plugging in the given values, we have:

lower limit = 7.43 - 1.32

lower limit = 6.11 (rounded to 2 decimal places)

Therefore, the lower limit of the 90% confidence interval is approximately 6.11 hours per night.

(b) If 500 random samples like this were selected, and a 90% confidence interval was constructed using each sample, the expected number of intervals that would contain the population mean can be approximated using the margin of error as a guide.

Since the margin of error is 1.32 hours, we can expect roughly 90% of the confidence intervals to contain the true population mean. Therefore, out of 500 samples, we would expect approximately:

500 * 0.9 = 450

So, approximately 450 of these confidence intervals would contain the population mean.

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