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miss Akunina [59]
3 years ago
15

An environmental group at a local college is conducting independent tests to determine the distance a particular make of automob

ile will travel while consuming only 1 gallon of gas. They test a sample of five cars and obtain a mean of 28.2 miles. Assuming that the standard deviation is 2.7 miles, find the 95 percent confidence interval for the mean distance traveled by all such cars using 1 gallon of gas.
Mathematics
1 answer:
melomori [17]3 years ago
6 0

Answer:

26.5265

Step-by-step explanation:

<u>Confidence Interval</u>

When the population standard deviation \sigma is known, the formula for a confidence interval for a population mean \bar x is:

\displaystyle \bar x \pm z\frac{\sigma}{\sqrt{n}}

Where n is the sample size and z is the corresponding z-value from the standard normal distribution for the selected confidence level. The value of z for a 95% confidence interval is z=1.96. The rest of the values are

\bar x=28.2,\ \sigma=2.7, \ n=10

Calculating the confidence interval

\displaystyle 28.2 \pm 1.96\frac{2.7}{\sqrt{10}}

\displaystyle 28.2 \pm 1.6735

Or, equivalently

26.5265

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The quantity demanded x for a certain brand of MP3 players is 100 units when the unit price p is set at $80. The quantity demand
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Answer:p = (2100 - x)/25

Step-by-step explanation:

According to the law of demand, when the price,p of the brand of MP3 players is is high, the quantity,x of the brand of MP3 players demanded would be low and when the price,p of the brand of MP3 players is is low, the quantity,x of the brand of MP3 players demanded would be high.

To derive the demand equation, we would apply the slope intercept form of equation which is expressed as

y = mx + c

Where

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c = intercept

The slope, m would be

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