Solve for m/TRS if m/QRS = 88° and m/QRT = 54°. ? Answer: m/TRS = Submit Answer
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Bart company charges a lower rate. It is lower by rate $ 0.5 per hour
<h3><u>Solution:</u></h3>Given that Ace bike rentals rents bikes for $28 per day. Renters can keep the bike for 8 hours
Also given that Bart's bikes rents bikes for $30 per day. Renters can keep the bike for 10 hours
To find: company that charges lower rate
Let us find the hourly rate of Ace and Bart
<em><u>Hourly rate of Ace company:</u></em>
Rental price = $28
total time in a day 8 hours
So the hourly rate of Ace company is $ 3.5 per hour
<em><u>Hourly rate of Bart company:</u></em>
Rental price = $ 30
total time in a day 10 hours
So the hourly rate of Bart company is $ 3 per hour
<em><u>Comparing hourly rate of both companies</u></em>
Ace company is $ 3.5 per hour
Bart company is $ 3 per hour
Bart company < Ace company
3 < 3.5
Thus bart company charges a lower rate
<h3><em><u>How much lower?</u></em></h3>hourly rate of Ace company - hourly rate of Bart company = 3.5 - 3 = 0.5
So, it is lower by rate $0.5 per hour
121 is big enough to assume normality and not worry about the t distribution. By the 68-95-99.7 rule a 95% confidence interval includes plus or minus two standard deviations. So 95% of the cars will be in the mph range
The question is a bit vague, but it seems we're being asked for the 95% confidence interval on the average of 121 cars. The 121 is a hint of course.
The standard deviation of the average is in general the standard deviation of the individual samples divided by the square root of n:
So repeating our experiment of taking the average 121 cars over and over, we expect 95% of the averages to be in the mph range
That's probably the answer they're looking for.