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sertanlavr [38]
3 years ago
11

Find the simple interest on $6570 at 9.5%

Mathematics
1 answer:
Flauer [41]3 years ago
3 0
$6570 * 1.095 =  7,194.15 ( this is for cost + interest)
Just the interest is :
$6570 * .095 =
624.15
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A sociologist was investigating the ages of grandparents of high school students. From a random sample of 10 high school student
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Answer:

(69.8-71.6) -2.101 \sqrt{\frac{8.38^2}{10} +\frac{6.65^2}{10}}= -8.908  

(69.8-71.6) +2.101 \sqrt{\frac{8.38^2}{10} +\frac{6.65^2}{10}}= 5.308  

So then the confidence interval for the difference of means is given by:

-8.908 \leq \mu_M -\mu_F \leq 5.308

Step-by-step explanation:

Previous concepts

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".

The margin of error is the range of values below and above the sample statistic in a confidence interval.

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".

\bar X_{M}= 69.8 represent the mean for the age of grandmother

\bar X_{F}= 71.6 represent the mean for the age of grandfather

s_{M}= 8.38 represent the sample deviation for the age of grandmother

s_{F}= 6.65 represent the sample deviation for the age of grandfather

n_M = n_F= 10

Solution to the problem

For this case the confidence interval is given by:

(\bar X_{M} -\bar X_F) \pm t_{\alpha/2} \sqrt{\frac{s^2_M}{n_M} +\frac{s^2_F}{n_F}}

In order to calculate the critical value t_{\alpha/2} we need to find first the degrees of freedom, given by:

df=n_M +n_F-2=10+10-2=18

Since the Confidence is 0.95 or 95%, the value of \alpha=0.05 and \alpha/2 =0.025, and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-T.INV(0.025,18)".And we see that t_{\alpha/2}=2.101

And replacing we got:

(69.8-71.6) -2.101 \sqrt{\frac{8.38^2}{10} +\frac{6.65^2}{10}}= -8.908  

(69.8-71.6) +2.101 \sqrt{\frac{8.38^2}{10} +\frac{6.65^2}{10}}= 5.308  

So then the confidence interval for the difference of means is given by:

-8.908 \leq \mu_M -\mu_F \leq 5.308

5 0
3 years ago
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