The lead bank clerk of a bank would like a quick estimate of the mean checking account
balance of all checking account customers. A random sample of 18 checking account balances
results in a sample mean of $1069 and a standard deviation of $55. Calculate a 95%
confidence interval for the mean checking account.

Answers

Answer 1

(1048.43, 1089.57) is the95% confidence interval for the mean checking account.

Given that the lead bank clerk of a bank would like a quick estimate of the mean checking account balance of all checking account customers, and a random sample of 18 checking account balances results in a sample mean of $1069 and a standard deviation of $55, we need to calculate a 95% confidence interval for the mean checking account.

The formula for calculating the confidence interval for the mean with a known standard deviation is given below:

\(( xˉ −z α/2​ n​ σ​ , xˉ +z α/2​ n​ σ​ )\)

Where,

\(xˉ  is the sample mean,�σ is the standard deviation,�n is the sample size,��/2z α/2\)

 is the z-score at α/2 level of significance.

 is the z-score at α/2 level of significance.

At a 95% confidence interval, α = 0.05, and so α/2 = 0.025. The corresponding z-score from the z-table is 1.96. Now, let's substitute the values in the above formula:

\((1069−1.96 18​ 55​ ,1069+1.96 18​ 55​ )\)

Simplifying this, we get:

\((1048.43,1089.57)\)

Therefore, the 95% confidence interval for the mean checking account is (1048.43, 1089.57).

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Related Questions


Marcus deposited money into a savings account 10 years ago and it is now worth $2,500. The
account earned 2.1% annual interest over those ten years. Write an equation and then solve to
determine the amount Marcus initially deposited into the savings account. Round your answer to the
nearest cent.

Answers

Answer:

$244.81

Step-by-step explanation:

A (total amount) = P(principal) · (1 + r/n)^nt

r = interest rate

n = # times per year interest is compounded

t = term of investment

2500 = P[1 + (.021/10)]^10·1

2500 = 1.021199565 · P

P = 244.81

Which of the following pairs of hypotheses are used to test if the mean of the first population is smaller than the mean of the second population, using independent random sampling?
H0: µ1-µ2 ≥ 0
HA: µ1-µ2 < 0

Answers

The pair of hypotheses used to test if the mean of the first population is smaller than the mean of the second population, using independent random sampling, is H0: µ1-µ2 ≥ 0 and HA: µ1-µ2 < 0.

The given pair of hypotheses represents a one-tailed test where we are interested in determining if the mean of the first population (µ1) is smaller than the mean of the second population (µ2).

The null hypothesis (H0) states that the difference between the means, represented by (µ1-µ2), is greater than or equal to zero. This means that there is no significant difference between the means or that the mean of the first population is equal to or greater than the mean of the second population.

The alternative hypothesis (HA) states that the difference between the means, represented by (µ1-µ2), is less than zero. This suggests that there is a significant difference between the means and specifically indicates that the mean of the first population is smaller than the mean of the second population.

By conducting a statistical test, such as a t-test or z-test, and analyzing the results, we can evaluate the evidence and make an inference regarding the relationship between the means of the two populations based on the given pair of hypotheses.

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12m = 14.4 solve the equation PLEASE HELP options A.m=120 B.m=12 C.m=1.2 D.m=0.12

Answers

Answer:

m = 1.2

Step-by-step explanation:

12m = 14.4

Divide each side by 12

12m/12 = 14.4/12

m = 1.2

m = 1.2  is the answer

because..

12m = 14.4

Divide each side by 12

12m/12 = 14.4/12

m = 1.2

hope this helped ヾ(•ω•`)oヾ(•ω•`)o

PLS HELP ME ASAP NOW PLS ILL GIVE EXTRA POINTS PLE HELP ME

PLS HELP ME ASAP NOW PLS ILL GIVE EXTRA POINTS PLE HELP ME

Answers

Answer:

your not showing the whole thing

Step-by-step explanation:

Diameter measures from side to side

Radius measures from side to center.

For example, AE is the diameter and AH is the radius.



Here is a circle with center H and some line segments and curves joining points on the circle.

Identify examples of the following. Explain your reasoning.

Diameter measures from side to sideRadius measures from side to center. For example, AE is the diameter

Answers

The region's sector AHB is a circle's sector. This is due to the fact that it diameter is shaped like a slice of pizza and is bounded by two radii and an arc of the circle.

what is diameter?

In geometry, the diameter of a circle is any linear fashion segment that has an endpoint mostly on circle and travels through its centre. Another way to put it is the tallest chord of a circle

The diameter of the circle is represented by the line segment AB. This is due to the fact that it runs through the centre H and connects two points on the circle.

The radius of the circle is represented by the line segment AH. This is because it connects the circle's centre H to a point A.

The chord is the line segment. The chord CD is a circle chord. This is due to the fact that it connects two points on a circle but does not pass through the centre.

Tangent to the circle: The line segment EF is tangent to the circle. This is due to the fact that it only intersects the circle at one point, G, and is perpendicular to the radius GH at that point.

ABG's curve is an arc of the circle. This is because it is part of the circle's circumference, connecting two points A and B.

The region's sector AHB is a circle's sector. This is due to the fact that it is shaped like a slice of pizza and is bounded by two radii and an arc of the circle.

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Evaluate 68 % of 948.37 m Give your answer rounded to 2 DP.

Answers

Answer:

644.89

Step-by-step explanation:

Answer:

644.89 m

Step-by-step explanation:

68 / 100 * 948.37 = 0.68 * 948.37 = 644.89 m (2 d.p.)

Could you help me with question sane amount of money deposited

Could you help me with question sane amount of money deposited

Answers

The amount of money in the savings account depends on how much time has passed since the account was opened. Then, the amount of money is the depenent variable, and the amount of time is the independent variable.

Then, money is a function of time.

I need help with my Alg 2 work.
Help quickly if possible.
Thanks.

I need help with my Alg 2 work.Help quickly if possible. Thanks.

Answers

Positive value of a vertically stretches the graph of f when a > 1 or shrinks the graph of f when a < 1. h translates the graph of f to the left when h < 0 or right when h > 0.

What are some examples of how exponential functions are employed in mathematics and in real life?

Several real-world scenarios use exponential functions, including population increase, compound interest, radioactive decay, and the spread of diseases. For instance, an exponential function may be used to simulate the expansion of a bacterial population, with the rate of increase being proportional to the population size. Similarly, compound interest, which applies the rate of interest to the principal sum across a number of periods, can be represented by an exponential function.

Positive value of a vertically stretches the graph of f when a > 1 or shrinks the graph of f when a < 1. h translates the graph of f to the left when h < 0 or right when h > 0 and k translates the graph of f up when k > 0 and down when k < 0.

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7 3/8 divided by 6 as a fraction

Answers

Answer:

\( \frac{73}{48} \)

Step-by-step explanation:

.......

Need help on this asap pleaseee

Need help on this asap pleaseee

Answers

The rule each sister wrote should be matched with the diagram that represent the rule as follows;

Ella  ⇒ p = 2t + 2.

Della ⇒ p = 2(t + 1)

Stella ⇒ p = 2(t - 1) + 4

What is a linear function?

In Mathematics and Geometry, a linear function refers to a type of function whose equation is graphically represented by a straight line on the cartesian coordinate (graph).

Assuming the variable t represent the number of smaller tables pushed together and the variable p represent the number of people that can be seated, a linear function (rule) that models the thinking of each sister can be written as follows;

Ella  ⇒ p = 2t + 2.

When t = 1, the value of p is given by;

p = 2(1) + 2 = 4.

When t = 2, the value of p is given by;

p = 2(2) + 2 = 6.

When t = 3, the value of p is given by;

p = 2(3) + 2 = 8.

For Della, we have:

p = 2(t + 1)

When t = 1, the value of p is given by;

p = 2(1 + 1) = 4.

When t = 2, the value of p is given by;

p = 2(2 + 1) = 6.

When t = 3, the value of p is given by;

p = 2(3 + 1) = 8.

For Stella, we have:

p = 2(t - 1) + 4

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Kim is buying an equal number of ounces of gummy bears and chocolate drops for her friends. Kim has $10 to spend at the store. If gummy bears cost $0.50 per ounce and chocolate drops cost $0.75 per ounce, how many ounces of each type of candy can she buy?

Answers

Answer:

she can buy 13.333 repeating ounces (13 as a full number) of chocolate drops or 20 ounces of gummy bears.

Step-by-step explanation:

take the amount of money you have, $10 and divide that by the price per ounce $10÷.5=20

Answer:

8 ounces

Step-by-step explanation:

Imagine X is the number of ounces she can buy for each type

.5 (x) the gummy and  .75 (x) the chocolage = 10

combine like terms.

1.25 (X) = 10

X = 8

.5 (8) + .75(8) = 10

4+ 6 = 10

Which represents the most effective chunking of the digit sequence 14929111776?

Answers

The most effective chunking of the digit sequence 14929111776 would depend on the purpose of chunking.

However, a possible effective chunking could be 14-92-91-11-77-6, which groups the digits into pairs or triplets based on their similarity or pattern. Another possible chunking could be 1492-911-1776, which separates the digits based on significant historical events. Ultimately, the effectiveness of chunking would depend on the context and intended use of the sequence. The most effective chunking of the digit sequence 14929111776 would be to group the numbers into smaller, manageable chunks. One possible way to chunk the sequence is: 149-29-11-17-76. This breaks the sequence into five groups, making it easier to remember and process.

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bob pays his gym 99 per month and can attend 12 group classes. each additional class costs 5. if his bill for the month was 124, how many extra classes did he attend

Answers

he attended 5 extra for a total of 17 that month

Mr Tom had 124 cows. He made a will that half of his cows be given to his wife and a quarter to his son. His daughter received the rest. How many cows did his daughter get?

Answers

Answer:

The daughter got 31 cows

Step-by-step explanation:

1/2 of 124 is 62

1/4 of 124 is 31

124 - (62 + 31)

124 - 93 = 31

helping in the name of Jesus.

help asap please !!!

help asap please !!!

Answers

180-12-40= 128 so it’s C

Answer:

answer below  

Step-by-step explanation

128-B

For each polynomial function below, determine all of the roots.
a) y = (x + 1)(5x7 + × + 1)
b). y = (×7 + 1) (27 - 4)

Answers

The roots of the polynomial functions are

(a) x = -1 or x = -1.2 and x = -0.16

(b) x = -1/7 or x = 2

How to determine the roots of the polynomial functions

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

a) y = (x + 1)(5x² + 7x + 1)

b). y = (7x + 1) (2x - 4)

The roots of the polynomial functions are calculated by setting the functions to 0

So, we have

(x + 1)(5x² + 7x + 1) = 0

(7x + 1) (2x - 4) = 0

Using the zero product property, we have

x + 1 = 0 or 5x² + 7x + 1 = 0 and

7x + 1 = 0 or 2x - 4 = 0

When evaluated, we have

x = -1 or x = -1.2 and x = -0.16

x = -1/7 or x = 2

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Complete question

For each polynomial function below, determine all of the roots.

a) y = (x + 1)(5x² + 7x + 1)

b). y = (7x + 1) (2x - 4)

An online store typically ships packages at a rate of 15 orders every 5 hours. At this rate, how many hours will it take to ship 156 orders?

Answers

Answer:

52 hours

Step-by-step explanation:

figure it out genius

An online store ships 15 orders every 5 hours. It will take approximately 52 hours to ship 156 orders at this rate.

Use the concept of ratio defined as:

A ratio indicates how many times one number contains another number. The ratio of two numbers is written as x : y, which is equivalent to x/y.

Where x and y are individual amounts of two quantities.

And, the Total quantity is given after combining as x + y.

Given that,

Online store ships packages at a rate of 15 orders every 5 hours.

We need to determine how many hours it will take to ship 156 orders.

The rate can be expressed as 15 orders per 5 hours or 15/5.

To figure this out,

Set up a proportion.

If the online store ships 15 orders every 5 hours,

Then the rate is 15 orders per 5 hours, or 15/5.

Now, let's set up the proportion:

15/5 = 156/x

To solve for x, cross multiply:

15x = 5(156)

Now, divide both sides of the equation by 15 to isolate x:

x =780/15

Calculating that out, x is equal to 52.

Hence, it will take approximately 52 hours to ship 156 orders at the given rate.

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Please help me!

A taxi charges a $2 flat fee plus $2.35 per mile. If Caleb can spend no more than $47, write and solve an inequality to represent the number of miles m he can ride in the taxi.
Select the correct inequality to represent this situation.
2.35 + 2m < 47
2 + 2.35m ≤ 47
2.35 + 2m ≤ 47
2 + 2.35m < 47

Answers

Answer:

2+2.35<47

Step-by-step explanation:

because the taxi charge $2 + $2.35 per mile and < means you spend less than $47.

SOMEONE ANSWER CORRECTLY PLEASEE !!!!!!!!!!!!!!

SOMEONE ANSWER CORRECTLY PLEASEE !!!!!!!!!!!!!!

Answers

Answer:

63 degrees

Step-by-step explanation:

m<FGH is asking for the measure of angle fgh.

when there are 3 letters, the middle one represents the point of the angle

m<FGH=63

I'm not sure about the second part because it's a drop down menu, but hope my explanation helps.

chegg many of a bank’s customers use its automatic teller machine to transact business after normal banking hours. during the early evening hours in the summer months, customers arrive at a certain location at the rate of one every other minute. this can be modeled using a poisson distribution. each customer spends an average of 92 seconds completing his or her transactions. transaction time is exponentially distributed.

Answers

The given scenario can be modeled using a Poisson distribution.  

A Poisson distribution is commonly used to model the number of events occurring in a fixed interval of time or space, given the average rate at which those events occur. It is often used to describe rare or random events, such as the arrival of customers at a bank's automatic teller machine.

In this context, the Poisson distribution helps us understand the likelihood of a certain number of customers arriving during a specific time frame. The fact that customers arrive at a rate of one every other minute means that the average rate λ (lambda) is 0.5 customers per minute.

To calculate the probability of a specific number of customers arriving during a given time frame, we can use the Poisson probability formula:

P(x;λ) = (e^(-λ) * λ^x) / x!

Where:
- P(x;λ) represents the probability of x customers arriving during the specified time frame,
- e is the base of the natural logarithm (approximately 2.71828),
- λ is the average rate of arrival (0.5 customers per minute in this case),
- x is the number of customers we want to calculate the probability for, and
- x! denotes the factorial of x.

Furthermore, we are given that each customer spends an average of 92 seconds (or 1.53 minutes) completing their transactions. This transaction time can be modeled using an exponential distribution.

The exponential distribution is commonly used to model the time between events in a Poisson process. In this case, it helps us understand the time it takes for a customer to complete their transaction. The average transaction time is 1.53 minutes.

The exponential distribution has a probability density function (pdf) given by:

f(x;λ) = λ * e^(-λx)

Where:
- f(x;λ) represents the probability density function,
- e is the base of the natural logarithm (approximately 2.71828),
- λ is the rate parameter (the reciprocal of the average transaction time), and
- x is the time we want to calculate the probability density for.

By understanding and applying the concepts of the Poisson distribution and the exponential distribution, we can model and analyze the arrival rate of customers at the bank's automatic teller machine and the time it takes for them to complete their transactions.

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Find the percent increase in volume when 1 foot is added to each dimension of the prism. Round your answer to the nearest tenth of a percent.

Find the percent increase in volume when 1 foot is added to each dimension of the prism. Round your answer

Answers

Answer:

hi this is my old account

Step-by-step explanation:

Use the formula sin(A + B) = sin A cos B + cos A sin B to show sin 2x = 2 sin x cos x (Hint: Take A=B=x) Sin²x = sin(x+ X) (2marks) = sinxcosx + cosx sinh =sinxcost sinh con Sin x= 2 Sin (taking c) Use the formula cos(A + B) = cos Acos B-sin A sin B to show cos 2x = 1 - 2 sin² x. (5marks) COS (A+B) =>cos²x = COSA COSB-Sin A sin B To show that cos2x = 1-25in²x = 1 - sink. COS2X COSY cosx Sinx sinx (taking A = B =X) =) Cosex- (5marks) d) Use the formula sin(A + B) = sin A cos B + cos A sin B AND the answers of parts b and c to show that sin 3x = 3 sinx-4 sin³ x

Answers

To show that sin 2x = 2 sin x cos x, we can use the formula sin(A + B) = sin A cos B + cos A sin B. Taking A = B = x, we have:

sin(2x) = sin(x + x)

Using the formula, we have:

sin(2x) = sin(x) cos(x) + cos(x) sin(x)

Since sin(x) cos(x) is commutative, we can write:

sin(2x) = 2 sin(x) cos(x)

Therefore, sin 2x = 2 sin x cos x.

To show that cos 2x = 1 - 2 sin²x, we can use the formula cos(A + B) = cos A cos B - sin A sin B. Taking A = B = x, we have:

cos(2x) = cos(x + x)

Using the formula, we have:

cos(2x) = cos(x) cos(x) - sin(x) sin(x)

Since cos(x) cos(x) is equal to sin²x, we can write:

cos(2x) = sin²x - sin²x

Simplifying further, we get:

cos(2x) = 1 - 2 sin²x

Therefore, cos 2x = 1 - 2 sin²x.

Using the results from parts (b) and (c), we can now show that sin 3x = 3 sin x - 4 sin³x.

Let's start with sin 3x. We can express it as sin (2x + x):

sin 3x = sin (2x + x)

Using the formula sin(A + B) = sin A cos B + cos A sin B, we have:

sin 3x = sin 2x cos x + cos 2x sin x

Substituting the values from part (b) and (c), we get:

sin 3x = (2 sin x cos x) cos x + (1 - 2 sin²x) sin x

Expanding and simplifying further:

sin 3x = 2 sin x cos²x + sin x - 2 sin³x

sin 3x = sin x + 2 sin x cos²x - 2 sin³x

Rearranging the terms:

sin 3x = sin x - 2 sin³x + 2 sin x cos²x

Finally, factoring out sin x:

sin 3x = sin x (1 - 2 sin²x) + 2 sin x cos²x

Using the identity cos²x = 1 - sin²x:

sin 3x = sin x (1 - 2 sin²x) + 2 sin x (1 - sin²x)

sin 3x = sin x - 2 sin³x + 2 sin x - 2 sin³x

sin 3x = 3 sin x - 4 sin³x

Therefore, sin 3x = 3 sin x - 4 sin³x.

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rewrite the expression with a rational exponent as a radical expression. (1 point) five to the three fourths power all raised to the two thirds power

Answers

The expression "five to the three-fourths power raised to the two-thirds power" can be rewritten as a radical expression.

First, let's calculate the exponentiation inside the parentheses:

(5^(3/4))^2/3

To simplify this, we can use the property of exponentiation that states raising a power to another power involves multiplying the exponents:

5^((3/4) * (2/3))

When multiplying fractions, we multiply the numerators and denominators separately:

5^((3 * 2)/(4 * 3))

Simplifying further:

5^(6/12)

The numerator and denominator of the exponent can be divided by 6, which results in:

5^(1/2)

Now, let's express this in radical form. Since the exponent 1/2 represents the square root, we can write it as:

√5

Therefore, the expression "five to the three-fourths power raised to the two-thirds power" simplifies to the radical expression √5.

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Select the correct answer.


Which American sociologist strongly criticized the structural functionalism approach to sociology?


O A Lester Ward


ОВ.


Robert Nisbet


OC. C. Wright Mills


OD. Julian Samora

Answers

Answer:

C. Wright Mills

Step-by-step explanation:

was the American sociologist who strongly criticized the structural functionalist approach to sociology.

What is an equation of the line that passes through the points (-8, -8)(−8,−8) and (-8, 8)(−8,8)?

Answers

Answer: x=8

Step-by-step explanation:

What is an equation of the line that passes through the points (-8, -8)(8,8) and (-8, 8)(8,8)?

a student records the repair cost for 1717 randomly selected tvs. a sample mean of $73.10$⁢73.10 and standard deviation of $16.01$⁢16.01 are subsequently computed. determine the 90�% confidence interval for the mean repair cost for the tvs. assume the population is approximately normal.

Answers

Therefore, the 90% confidence interval for the mean repair cost for the VCRs is ($82.40,$90.12).

What do you mean by the term Repair cost?

Subject to the exclusions outlined in this clause, the repair cost is defined as the cost of the parts and labor required to fix or replace any covered component as a result of a covered mechanical breakdown. We reserve the right to substitute components of comparable sort and quality, whether they are new, OEM, swapped, rebuilt, remanufactured, or used. The suggested retail price of a part of a like type and quality, or the manufacturer's indicated retail price for Your Vehicle, whichever is higher, may not be exceeded when pricing out parts. A current, widely used flat-rate labor guide will be used to calculate labor costs. According to state-specific rules, the Repair Cost includes the necessary taxes related to the covered Mechanical Breakdown.

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a regulation-sized gymnasium is 80 feet wide and 100 feet long. if a scale model of the gymnasium is 12 inches long, how wide is the model?

Answers

A scale model of a regulation-sized gymnasium that is 12 inches long would be 10 inches wide.

To determine the width of a scale model of a regulation-sized gymnasium, you need to determine the scale factor used to create the model. The scale factor is the ratio of the size of the model to the size of the actual object.

In this case, the length of the model is 12 inches, while the length of the actual gymnasium is 100 feet, or 1200 inches. So, the scale factor is: 12/1200 = 1/100.

To find the width of the model, you would multiply the width of the actual gymnasium, 80 feet, by the scale factor, 1/100. This gives you a width of:

80 × 1/100 = 0.8 feet = 10 inches.

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PLEASE HELP!!! WILL GIVE BRAINLIEST!!!

PLEASE HELP!!! WILL GIVE BRAINLIEST!!!

Answers

Angle 1 is 112

Angle 2 is 68

Angle 3 is 90

Angle 4 is 90

Angle 5 is 22

Angle 6 is 158

Salvador had 3.25 pounds of dry cement he used 1.7 pounds to make a paver for his lawn how many pounds of dry cement does Salvador have left

Answers

Answer:
1.55

Explanation:
3.25 - 1.7 = 1.55

a tailor bought 5 yards of cloth he used 2 3/8 yards of cloth to make 1 pair of pants if he made 2 pairs of pants how much cloth does the tailor have left

Answers

If a tailor bought 5 yards of cloth he used  \(2\frac{3}{8}\) yards of cloth to make 1 pair of pants and he made 2 pairs, the length of the cloth that left is 1/4 yards

The total length of the cloth that he bought = 5 yards

The length of cloth that he used to make 1 pair of pants = \(2\frac{3}{8}\) yards

Convert the mixed fraction to the simple fraction

\(2\frac{3}{8}\) yards = 19/8 yards

The length of cloth required to make 2 pants = 2 × The length of cloth that he used to make 1 pair of pants

Substitute the values in the equation

= 2 × (19/8)

= 19/4 yards

The remaining cloth = The total length of the cloth that he bought - The length of cloth required to make 2 pants

= 5 - (19/4)

= 1/4  yards

Hence, the length of the cloth left is 1/4 yards

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Let PC) be the population (in Millions) of a certain city t years after 1990, and suppose that Plt) satisfies the differential equation P = 04P(1) PO) = 5. (a) Find the formula for P(t) P- (Type an ex During the Civil war, as a precaution against Confederate expansion to the West, the Republican Congress moved todesignate remaining western lands as federal territories. What is the attraction and repulsion interactions based on charges called? The need to develop multiple components, to overlap the development, and to be more evolutionary leads to the:________ SOMEONE PLS HELP ME MATCH THEM Types of observational studies What kingdom are fungi, molds and yeast in? handwritten please, easy to read, no cursive please thank you so much A calibrated measurement system is used to quantify an analog measurand. A measurement standard with a value of 5.3 units was measured 10 times. The average and standard deviation of the resulting measurements are 5.4 and 0.4, respectively. What is the amount of bias error The anti-drug campaign in the 1980 encouraged students to ""just say no"" to put an end to drug use and drug violence. which type of framing did this campaign use? group of answer choices Which pair of regions are both part of the Central American cultural regions? Guatemala and California Panama and Costa Rica Yucatan Peninsula and Northern Mexico Belize and Yukon Territory the traditional american family farm is being replaced by which type of enterprise? 9) 64 is ______times as many as 8. use contradiction to prove the following statement x r, if |x| < for any > 0, then x = 0. Han wants to buy 30 tickets to a game but the pre order tickets are sold out he knows there will be more tickets the day for the game with a markup of 200% how much should han excpet to pay for the tickets if he buys it the game day Libby bought 250 stocks of a company named XyletJast year. Xylet's total earning for the IS year is $ 4million and it has 1,000,000 outstanding stocks.What is Xylet's Eamning per share (EPS)?O A. 4O B. 0.04 c.40O D.400 what is processing cycle patterns reaching cooks against? Might give you Brainliest is you step by step explain how much you get the answer in the wells fargo case, what is the primary ethical issue? group of answer choices recording sales that lack economic substance aggressive sales tactics and charging for services not requested bill and hold revenue recognition releasing cookie jar reserves to smooth income Suppose an economy is described by the aggregate demand curve: Y = 2000 + 1.25 * G + 2.5 * M/P = If Y* (the potential output) is equal to 6000, G 1200, and P = 1, what must M equal to generate GDP, which is 3% lower than the potential. (a) 1072 (b) 1000 (c) 982 (d) 928 (e) impossible to calculate