Answer:
95% Confidence interval for y
= (-9.804, -5.979)
Lower limit = -9.804
Upper limit = -5.979
Step-by-step explanation:
^y= 2.097x - 0.552
x = -3.5
Standard error = 0.976
Mathematically,
Confidence Interval = (Mean) ± (Margin of error)
Mean = 2.097x - 0.552 = (2.097×-3.5) - 0.552 = - 7.8915
(note that x=-3.5)
Margin of Error is the width of the confidence interval about the mean.
It is given mathematically as,
Margin of Error = (Critical value) × (standard Error of the mean)
Critical value for 95% confidence interval = 1.960
Standard Error of the mean = 0.976
95% Confidence Interval = (Mean) ± [(Critical value) × (standard Error of the mean)]
CI = -7.8915 ± (1.960 × 0.976)
CI = -7.8915 ± 1.91296
95% CI = (-9.80446, -5.97854)
95% Confidence interval for y
= (-9.804, -5.979)
Hope this Helps!!!
Answer:
Step-by-step explanation:
price of tv and sales tax = 1.0688×$189 = $202.0032 ≅ $202.00
4 years = 3×365 days + 366 days = 1461 days
cost of electricity = 1461 days × $0.06/day = $87.66
lifetime cost = purchase price + electricity + repairs
= $202.00 + $87.66 + 2·$29
= $347.66
The answer for this Q is 3%
