1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ksivusya [100]
3 years ago
9

A savings and loan association needs information concerning the checking account balances of its local customers. a random sampl

e of 14 accounts was checked and yielded a mean balance of $664.14 a nd a standard deviation of $297.29. use this data to find a 98% confidence interval for the true mean checking account balance for all local customers. $455.65 < ? < $872.63 $492.52 < ? < $835.76 $453.56 < ? < $874.72 $493.71 < ? < $834.57
Mathematics
1 answer:
ch4aika [34]3 years ago
8 0

In this case, since the standard deviation is known and the sample size is less than 30, we will use the t-distribution. The formula for calculating the confidence interval is:

Confidence Interval = X ± t * s / sqrt(n)

Where,

X = sample mean = $664.14

t = t score (taken from standard distribution tables)

s = standard deviation = $297.29

n = sample size = 14

 

At Degrees of Freedom = n – 1 = 13 and 98% Confidence interval, z = 2.65

Substituting the values in the equation:

Confidence Interval = 664.14 ± 2.65 * 297.29 / sqrt(14)

Confidence Interval = 664.14 ± 210.55

Confidence Interval = 453.59 to 874.69

<span>ANSWER: <span>$453.56 < CI < $874.72</span></span>
You might be interested in
2b=6a-14,3a-b=7 how to work it out
pshichka [43]
So, since there are two equations, we can substitute one of them into the other. In this case, it would be easiest to substitute 2b=6a-14 into the other equations. But first, simplify by dividing both sides by 2. You bet b=3a-1

We can now plug this into the other equation
Sine the equation b=3a-1 results in the value of b, we have to plug in for the value of b in the other equation

So this is what we get after plugging in:
3a-(3a-1)=7
Now, simplify. 3a-3a+1=7
Since 3a-3a = 0, this equation results in a no solution

Answer:
The result is a no-solution, or Ф

Hope this helped!! :D
5 0
2 years ago
Read 2 more answers
A coffeepot contains 1 1/2 quqarts of coffee. After Tonya pours an equal amount of coffee into two cups, 3 1/2 cups of coffee st
saw5 [17]
\bf 1\frac{1}{2}\implies \cfrac{1\cdot 2+1}{2}\implies \cfrac{3}{2}\quad \textit{now, how much is a quart of that?}&#10;\\\\\\&#10;\cfrac{3}{2}\cdot \cfrac{1}{4}\implies \stackrel{of~coffee}{\cfrac{3}{8}}\impliedby makes\quad \stackrel{poured}{2cups}+\stackrel{remaining}{3\frac{1}{2}cups}\implies 5\frac{1}{2}~cups

\bf \textit{now if }\frac{3}{8}\textit{ of coffee makes }5\frac{1}{2}\textit{ cups, how much in 1 cup?}&#10;\\\\\\&#10;\cfrac{\quad \frac{3}{8}\quad }{5\frac{1}{2}}\implies \cfrac{\quad \frac{3}{8}\quad }{\frac{5\cdot 2+1}{2}}\implies \cfrac{\quad \frac{3}{8}\quad }{\frac{11}{2}}\implies \cfrac{3}{8}\cdot \cfrac{2}{11}\implies \stackrel{\textit{of coffee makes one cup}}{\cfrac{3}{44}}
5 0
3 years ago
Which statement is correct about relations and functions?
artcher [175]
It is number 3 I am pretty sure if it’s wrong I’m sorry but I got it right on mine
3 0
3 years ago
What is the solution to the system of equations graphed below?
mafiozo [28]

Answer:

D: (-2,1)

Step-by-step explanation:

4 0
2 years ago
Which of the following is not a solution to the system of linear equations below?
ValentinkaMS [17]
Where is this system please ?
7 0
3 years ago
Other questions:
  • I have 3/5 marbles. Emily gave me 4/3 marble. how many marbles do I have?
    8·1 answer
  • PLEASE HELP ME ASAP!!!!!!
    5·2 answers
  • Use a graphing calculator to determine which equation for the line of regression, Pearson product-moment correlation value (r),
    11·1 answer
  • Use the distributive property to break apart 168
    5·1 answer
  • before the recent house bonding there were 3212 houses in Fulton country now there are 3979 houses. How many houses did develope
    15·1 answer
  • Solve the system of equations using substitution:<br><br> 7y+2x=16 <br> 5y-9=x
    10·1 answer
  • Please help me dontz understand em'.
    15·1 answer
  • In a certain high school, 240 students made the honor roll
    10·1 answer
  • In terms of the number of moose, what is the relative frequency of male moose, female moose, adult moose, and baby moose? Write
    11·2 answers
  • Susie is saving for a new pair of trainers. Every week, she saves £5 of her pocket money
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!