True or false: other things being equal, the confidence interval for the mean will be wider for 95% confidence than for 90% conf
1 answer:
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Answer:
Per minute value fee would be the slope of the line.
Step-by-step explanation:
Given:
Per minute charges by the phone company = $ 0.50
Connection fee (fixed) charged by company = $ 1.0
We have to represent the total cost in terms of y and also explain the slope of the line.
According to the question:
Let the number of minutes be "x" .
And the total cost charged be "y" .
So,
The total cost = (No. of minutes)(Per minute charge) + Connection fee
Re-arranging in term of x and y.
⇒
⇒ ...equation (i)
Slope- intercept form: m is the slope and b is the y-is intercept.
⇒ Comparing equation (i) with the slope- intercept form.
⇒ and
So,
The slope of the line is 0.50 which is also represented by the per minute value of the call.
Per minute value fee would be the slope of the line.