Answer:
The 95% confidence interval for the true average number of homes that a person owns in his or her lifetime is (4,6.2).
Step-by-step explanation:
We have the standard deviation for the sample, which means that the t-distribution is used to solve this question.
The first step to solve this problem is finding how many degrees of freedom,which is the sample size subtracted by 1. So
df = 50 - 1 = 49
95% confidence interval
Now, we have to find a value of T, which is found looking at the t table, with 49 degrees of freedom(y-axis) and a confidence level of
. So we have T = 2.0096
The margin of error is:
In which s is the standard deviation of the sample and n is the size of the sample.
The lower end of the interval is the sample mean subtracted by M. So it is 5.1 - 1.1 = 4
The upper end of the interval is the sample mean added to M. So it is 5.1 + 1.1 = 6.2.
The 95% confidence interval for the true average number of homes that a person owns in his or her lifetime is (4,6.2).
Answer:
1.

E(3) = 0.29
2. See Below
Step-by-step explanation:
1.
According to the formula we would need the derivative, so lets first calculate the derivative of f(p) given.
The rules to use would be 
Also, remember to use chain rule if there is a function inside a function. So we differentiate the "inside" function again.
Now, lets differentiate:

Now, the E(p):

We find E(3) by substituting 3 into "p":

2.
When E(p) = 1, it means the price elasticity of demand is "1". It is the called Unitary Elastic Demand. It means that for every unit change in price, there is the same unit change in demand. The changes of demand and price are proportional to each other.
Tom destroys one toy car each week.
9-3=6 i car destroyed each week!
Answer:
look this up on Gøogle should find it
Step-by-step explanation:
good luck