Step-by-step explanation:
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Answer: The margin of error = 3.71, confidence interval = (354.04, 361.46) and it means that mean cost is lies within the confidence interval.
Step-by-step explanation:
Since we have given that
Sample size = 400
Mean = $357.75
Standard deviation = $37.89
At 95% confidence level, z = 1.96
We first find the margin of error.
Margin of error is given by

95% confidence interval would be

Hence, the margin of error = 3.71, confidence interval = (354.04, 361.46) and it means that mean cost is lies within the confidence interval.
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Answer:
Speed of boat in still water is 26km/hr
Step-by-step explanation:
Let the speed of boat in still water be x and speed of stream by y.
Speed at which it went upstream would be (x-y) and the speed at which it went downstream would be (x+y). According to question x+y=24 and x-y=28. x=26 and y=-2.