If youre a cashier
if youre a mathematician
if you have to pay taxes and bills
if your have to loan something
Answer:
( $74.623, $83.777)
The 90% confidence interval is = ( $74.623, $83.777)
Critical value at 90% confidence = 1.645
Step-by-step explanation:
Confidence interval can be defined as a range of values so defined that there is a specified probability that the value of a parameter lies within it.
The confidence interval of a statistical data can be written as.
x+/-zr/√n
Given that;
Mean x = $79.20
Standard deviation r = $10.41
Number of samples n = 14
Confidence interval = 90%
Using the z table;
The critical value that should be used in constructing the confidence interval.
z(α=0.05) = 1.645
Critical value at 90% confidence z = 1.645
Substituting the values we have;
$79.20+/-1.645($10.42/√14)
$79.20+/-1.645($2.782189528308)
$79.20+/-$4.576701774067
$79.20+/-$4.577
( $74.623, $83.777)
The 90% confidence interval is = ( $74.623, $83.777)
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I'm going to assume the joint density function is

a. In order for
to be a proper probability density function, the integral over its support must be 1.

b. You get the marginal density
by integrating the joint density over all possible values of
:

c. We have

d. We have

and by definition of conditional probability,


e. We can find the expectation of
using the marginal distribution found earlier.
![E[X]=\displaystyle\int_0^1xf_X(x)\,\mathrm dx=\frac67\int_0^1(2x^2+x)\,\mathrm dx=\boxed{\frac57}](https://tex.z-dn.net/?f=E%5BX%5D%3D%5Cdisplaystyle%5Cint_0%5E1xf_X%28x%29%5C%2C%5Cmathrm%20dx%3D%5Cfrac67%5Cint_0%5E1%282x%5E2%2Bx%29%5C%2C%5Cmathrm%20dx%3D%5Cboxed%7B%5Cfrac57%7D)
f. This part is cut off, but if you're supposed to find the expectation of
, there are several ways to do so.
- Compute the marginal density of
, then directly compute the expected value.

![\implies E[Y]=\displaystyle\int_0^2yf_Y(y)\,\mathrm dy=\frac87](https://tex.z-dn.net/?f=%5Cimplies%20E%5BY%5D%3D%5Cdisplaystyle%5Cint_0%5E2yf_Y%28y%29%5C%2C%5Cmathrm%20dy%3D%5Cfrac87)
- Compute the conditional density of
given
, then use the law of total expectation.

The law of total expectation says
![E[Y]=E[E[Y\mid X]]](https://tex.z-dn.net/?f=E%5BY%5D%3DE%5BE%5BY%5Cmid%20X%5D%5D)
We have
![E[Y\mid X=x]=\displaystyle\int_0^2yf_{Y\mid X}(y\mid x)\,\mathrm dy=\frac{6x+4}{6x+3}=1+\frac1{6x+3}](https://tex.z-dn.net/?f=E%5BY%5Cmid%20X%3Dx%5D%3D%5Cdisplaystyle%5Cint_0%5E2yf_%7BY%5Cmid%20X%7D%28y%5Cmid%20x%29%5C%2C%5Cmathrm%20dy%3D%5Cfrac%7B6x%2B4%7D%7B6x%2B3%7D%3D1%2B%5Cfrac1%7B6x%2B3%7D)
![\implies E[Y\mid X]=1+\dfrac1{6X+3}](https://tex.z-dn.net/?f=%5Cimplies%20E%5BY%5Cmid%20X%5D%3D1%2B%5Cdfrac1%7B6X%2B3%7D)
This random variable is undefined only when
which is outside the support of
, so we have
![E[Y]=E\left[1+\dfrac1{6X+3}\right]=\displaystyle\int_0^1\left(1+\frac1{6x+3}\right)f_X(x)\,\mathrm dx=\frac87](https://tex.z-dn.net/?f=E%5BY%5D%3DE%5Cleft%5B1%2B%5Cdfrac1%7B6X%2B3%7D%5Cright%5D%3D%5Cdisplaystyle%5Cint_0%5E1%5Cleft%281%2B%5Cfrac1%7B6x%2B3%7D%5Cright%29f_X%28x%29%5C%2C%5Cmathrm%20dx%3D%5Cfrac87)