The santos because they rented the car for two weeks, while the others rented for four.
Answer: a. CI for the mean: 17.327 < μ < 26.473
b. CI for variance: 29.7532 ≤
≤ 170.9093
Step-by-step explanation:
a. To construct a 95% confidence interval for the mean:
The given data are:
mean = 21.9
s = 7.7
n = 12
df = 12 - 1 = 11
1 - α = 0.05
= 0.025
t-score =
= 2.2001
Note: since the sample population is less than 30, it is used a t-score.
The formula for interval:
mean ± 
Substituing values:
21.9 ± 2.200.
21.9 ± 4.573
The interval is: 17.327 < μ < 26.473
b. A 95% confidence interval for the variance:
The given values are:
= 
= 59.29
α = 0.05
= 0.025
= 0.975
= 21.92
= 3.816
Note: To find the values for
and
, look for them at the chi-square table
The formula to calculate interval:
(
)
are the lower and upper limits, respectively.
Substituing values:
(
)
(29.7532, 170.9093)
The interval for variance is: 29.7532 ≤
≤ 170.9093
There are no given figures. I'll just show what the difference is. Let us assume the following
Principal = 10,000
interest rate = 12%
term = 4 years
Simple Interest = Principal * interest rate * term
S.I = 10,000 * 12% * 4 years
S.I = 4,800
Total value at the end of 4 yrs = 10,000 + 4,800 = 14,800
Compounded Interest. Compounded quarterly.
A = P(1 + r/n)^n*t
A = 10,000 (1 + 12%/4)^4*4
A = 10,000 (1.03)^16
A = 10,000 (1.60)
A = 16,000 value after 4 years.
What do you need lol and no you can’t pay me haha