Darrin Newberry’s charge account statement shows an unpaid balance of $875. The monthly finance charge is 1.65% of the unpaid ba
2 answers:
Answer:
The new account balance is $889.44
Step-by-step explanation:
Let us assume that this is a monthly statement and we have to find the total balance with one month's interest.
The unpaid balance in the account = $875
The monthly finance charge is 1.65% of the unpaid balance.
So, the monthly finance amount is = dollars.
Thus, the new account balance will be = dollars or rounding to two decimal places we get $889.44.
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Answer:
1) The mean calculated for this case is
2)
3)
4) B. An interval estimate gives us a sense of the accuracy of the point estimate whereas a point estimate alone does not.
Because with the confidence interval we know the confidence level of the interval, and the limits for the parameter at some significance level.
Step-by-step explanation:
Previous concepts
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".
The margin of error is the range of values below and above the sample statistic in a confidence interval.
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
Part 1
In order to calculate the mean and the sample deviation we can use the following formulas:
(a)
(b)
The mean calculated for this case is
The sample deviation calculated
population mean (variable of interest)
n=6 represent the sample size
Part 2
The confidence interval for the mean is given by the following formula:
(1)
So if we have the margin of error 5.4mm we can find the lowr limit like this:
Part 3
Part 4
B. An interval estimate gives us a sense of the accuracy of the point estimate whereas a point estimate alone does not.
Because with the confidence interval we know the confidence level of the interval, and the limits for the parameter at some significance level.
Answer:
Step-by-step explanation:
Consider irght triangle PRS. By the Pythagorean theorem,
Thus,
Consider isosceles triangle MSC. In this triangle
The area of this triangle is
Consider right triangle PTS. The area of this triangle is
The area of the quadrilateral PMCT is the difference in area of triangles PTS and MSC: