A car is advertised as $288/month for 72 months. What is the cost of the car?
1 answer:
Answer:
$20,736
Step-by-step explanation:
When these kind of advertisements are displayed,, it means the EMI cost per month shall be $288.
Since it provides the time period, that is 72 months,
Total cost of car in this case shall be $288 72 months = $20,736
Also, these include an interest factor, but overall it is = $20,736 only,
If one down payment for full price of the car is made the cost shall reduce by the interest amount, but since no interest rate is provided it shall be ignored.
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The value of mean, standard deviation and interval from the method of tree ring dating is 1273 AD, 37 years, [1250,1296].
According to the statement
we have to find that the standard deviation, mean and the intervals from the given data.
So, According to the given data from the method of tree ring dating
The value of mean is
x-bar = (1271 + 1208 + 1229 + 1299 + 1268 + 1316 + 1275 + 1317 + 1275) / 9 = x-bar = 1273 AD
And now we find standard deviation :
s = √∑(xi - x-bar) / (N - 1)
∑(xi - x-bar)^2 = (1271 - 1273)2 + (1208 - 1273)2 + (1229 - 1273)2 + ... + (1275 - 1273)2
∑(xi - x-bar)^2 = (-2)2 + (-65)2 + (-44)2 + ... + (2)2
∑(xi - x-bar)^2 = 4 + 4225 + 1936 + 676 + 25 + 1849 + 4 1936 + 4
∑(xi - x-bar)^2 = 10,659
Now,
s^2 = 10659/8 = 1332
s = 37 years
So, standard deviation is 37 years.
We need the t-distribution table since the standard deviation is unknown. Therefore, our degrees of freedom is 9 - 1 = 8 and the critical value is 1.860. Set up the confidence interval for the mean:
[x-bar ± t*(s/√n)] = [1273 ± 1.860*(37/√9)]
[x-bar ± t*(s/√n)] = [1250,1296]
So, The value of mean, standard deviation and interval from the method of tree ring dating is 1273 AD, 37 years, [1250,1296].
Learn more about method of tree ring dating here
Disclaimer: This question was incomplete. Please find the full content below.
Question:
The method of tree ring dating gave the following years A.D. for an archaeological excavation site. Assume that the population of x values has an approximately normal distribution.
For more data please see the image below.
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