Answer:
yessir
Step-by-step explanation:
Answer:
And the 90% confidence interval would be between [566.80 and 579.20]
Step-by-step explanation:
Information given
represent the sample mean
population mean (variable of interest)
s=22 represent the sample standard deviation
n=36 represent the sample size
Confidence interval
The confidence interval for the mean is given by the following formula:
(1)
The degrees of freedom are given by:
The Confidence level is 0.90 or 90%, the significance would be
and
, and the critical value for this case would be
And replacing we got:
And the 90% confidence interval would be between [566.8033 and 579.1967]
Answer:
why
Step-by-step explanation:
?
Answer:
The loan was for 9 months only
Step-by-step explanation:
In this question, we are concerned with calculating the time taken for a loan om an interest to be paid back
To calculate this, we use the simple interest formula
Mathematically;
I = PRT/100
where P is the principal which is the amount borrowed and that is $500 according to the question
R is the rate which is 8% according to the question
Interest can be calculated by subtracting the principal from the amount paid back = 530-500 = 30$
We now plug these values into the equation
30 = (500 × 8× T)/100
100 × 30 = 4000T
T = 3000/4000
T = 0.75 (same as 0.75 × 12 months = 9 months)
The answer is negative 21