Answer:
1 2/6 3 3/4
Step-by-step explanation:
Divide the price by the number of months to find the monthly rate.
<span>$237.36 ÷ 24 = $9.89 per month </span>
<span>$184.50</span><span> ÷ 18 = $10.25 per month
The two year club, Aqua Plus is cheaper
</span>
A. The point estimate of μ1 − μ2 is calculated using the value of x1 - x2, therefore:
μ1 − μ2 = x1 – x2 =
7.82 – 5.99
μ1 − μ2 = 1.83
B. The formula for
confidence interval is given as:
Confidence interval
= (x1 –x2) ± z σ
where z is a value
taken from the standard distribution tables at 99% confidence interval, z =
2.58
and σ is calculated
using the formula:
σ = sqrt [(σ1^2 /
n1) + (σ2^2 / n2)]
σ = sqrt [(2.35^2 /
18) + (3.17^2 / 15)]
σ = 0.988297
Going back to the
confidence interval:
Confidence interval
= 1.83 ± (2.58) (0.988297)
Confidence interval
= 1.83 ± 2.55
Confidence interval
= -0.72, 4.38
