Using the expression below, choose the correct answers for the new balance and amount of interest earned in the following compou
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Answer:
The Upper Bound of the 99% confidence interval about the mean number of orcs per raiding party is of 106.83 orcs per party.
Step-by-step explanation:
We have the standard deviation of the sample, so we use the t-distribution to solve this question.
The first step to solve this problem is finding how many degrees of freedom, we have. This is the sample size subtracted by 1. So
df = 13 - 1 = 12
99% confidence interval
Now, we have to find a value of T, which is found looking at the t table, with 12 degrees of freedom(y-axis) and a confidence level of . So we have T = 3.0545
The margin of error is:
M = T*s = 3.0545*7.8 = 23.83
In which s is the standard deviation of the sample.
The upper end of the interval is the sample mean added to M. So it is 83 + 23.83 = 106.83 orcs per party.
The Upper Bound of the 99% confidence interval about the mean number of orcs per raiding party is of 106.83 orcs per party.