Answer:
E) we will use t- distribution because is un-known,n<30
the confidence interval is (0.0338,0.0392)
Step-by-step explanation:
<u>Step:-1</u>
Given sample size is n = 23<30 mortgage institutions
The mean interest rate 'x' = 0.0365
The standard deviation 'S' = 0.0046
the degree of freedom = n-1 = 23-1=22
99% of confidence intervals
(from tabulated value).





using calculator

Confidence interval is


the mean value is lies between in this confidence interval
(0.0338,0.0392).
<u>Answer:-</u>
<u>using t- distribution because is unknown,n<30,and the interest rates are not normally distributed.</u>
Let t=number of years since 1991.
Then
P(t)=147 e^(kt) ... in millions
P(0)=147 e^(0)=147
P(7)=147 e^(7k)=153
e^(7k)=(153/147)
take ln both sides
ln(e^(7k))=ln(153/147)
7k=0.0400 => k=0.005715
Year 2017=>t=2017-1991=26
P(26)=147e^(26*.005715)=170.55
Answer: in 2017, the projected population is 170.55 millions.
I would say c. I’m not sure if I’m right if I’m not sorry but good luck