S(t) = -120t + 1,080 to determine the salvage value, S(t), in dollars, of a table saw t years after its purchase. How long will
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Answer:
And the 68% confidence interval is given by (91.1186, 97.2814)
Step-by-step explanation:
For this case we know that mean time that visitors stay at a museum is given by:
The standard deviation is given by:
And the standard error is given by:
And we want to interval captures 68% of the means for random samples of 25 scores and for this case the critical value can be founded like this using the normal standard distribution or excel:
We can find the interval like this:
And replacing we got:
And the 68% confidence interval is given by (91.1186, 97.2814)