The answer could be that a shirt costs $10 and a sweater cost $10 or it could mean the shirt cost $9 and the sweater costs $11 or it could swap and be the shirt costs $11 and the sweater costs $9. Or the shirt costs $1 and the sweater costs $19 or A shirt costs $3.50 and the Sweater costs $16.50.

5 0

3 years ago

This is the difference between the estimated value and the true value

evablogger [386]

Answer:

Estimated is close but not completely correct, and true value has the highest accuracy.

Step-by-step explanation:

Hopefully that helped! :)

6 0

3 years ago

A random sampling of a company's monthly operating expenses for n=36 months produced a sample mean of $5474 and a stan-dard devi

lilavasa [31]

Answer with explanation:

Mean of the sample(m) = $ 5474

Standard deviation of the sample (S)=764

Number of observation(n)=36

$Z_{90 \text{Percent}}=Z_{0.09}=0.5359$

$z_{score}=\frac{\Bar x-\mu}{\frac{S}{\sqrt{n}}}\\\\0.5359=\frac{5474- \mu}{\frac{764}{\sqrt{36}}}\\\\0.5359=\frac{5474- \mu}{\frac{764}{6}}\\\\764 \times 0.5359=6 \times (5474- \mu)\\\\409.4276=32844-6 \mu\\\\6 \mu=32844 -409.4276\\\\ 6 \mu=32434.5724\\\\ \mu=\frac{32434.5724}{6}\\\\ \mu=5405.76$

So, Mean Monthly Expenses of Population =$ 5405.76, which is 90% upper confidence bound for the company's mean monthly expenses.

4 0

3 years ago