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)
The value of TC(10) is 5300 Dollars
Given function is TC(Q) = 500Q +300 dollars
We need to calculate the value for TC (10)
As we know that the equation given is TC(Q) = 500Q + 300 dollars
Q is the number of TVs produced
Therefore, The value of Q is 10 for TC(10)
Substituting the value of Q
in the total cost of flatiron TVs given by function TC(Q) = 500Q + 300 dollars That Q= 100,
TC(10) = 500(10)+300 dollars
∴ TC (10) = 5000+300 dollars
∴ TC (10) = 5300 dollars
Hence the value of TC(10) is 5300 Dollars
Learn more about Substitution method here
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Answer:
Positive exponent
Step-by-step explanation:
Like x root 1 , 2 , 3 etc
If it said negative exponent then x root -1, -2 etc etc.