Answer: 31.792.5 cu. ft. (<u>choice B</u>)
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Work Shown:
The result is approximate since is approximate.
The chart shows the annual sales for a software development company. If the company’s total annual sales were $48 million, what
2 answers:
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Answer:
a) (26.50;57.50)
b) (117.34;128.66)
c) (12.13;27.87)
d) (-4.73;11.01)
e) No. Since the sample sizes are large (n ≥ 30), the central limit theorem guarantees that is approximately normal, so the confidence intervals are valid
Step-by-step explanation:
The central limit theorem states that "if we have a population with mean μ and standard deviation σ and take sufficiently large random samples from the population with replacement, then the distribution of the sample means will be approximately normally distributed. This will hold true regardless of whether the source population is normal or skewed, provided the sample size is sufficiently large".
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".
The confidence interval is given by this formula:
(1)
And for a 95% of confidence the significance is given by , and
. Since we know the population standard deviation we can calculate the critical value
Part a
If we use the formula (1) and we replace the values we got:
The 95% confidence interval is given by (26.50;57.50)
Part b
If we use the formula (1) and we replace the values we got:
The 95% confidence interval is given by (117.34;128.66)
Part c
If we use the formula (1) and we replace the values we got:
The 95% confidence interval is given by (12.13;27.87)
Part d
If we use the formula (1) and we replace the values we got:
The 95% confidence interval is given by (-4.73;11.01)
Part e
No. Since the sample sizes are large (n ≥ 30), the central limit theorem guarantees that is approximately normal, so the confidence intervals are valid