Using the t-distribution, it is found that the 95% confidence interval for the mean number of people the houses were shown is (20.1, 27.9).
We have the <u>standard deviation for the sample</u>, hence the t-distribution is used to build the confidence interval. Important information are given by:
- Sample mean of
. - Sample standard deviation of
. - Sample size of
The confidence interval is:
In which t is the critical value for a <u>95% confidence interval with 23 - 1 = 22 df</u>, thus, looking at a calculator or at the t-table, it is found that t = 2.0739.
Then:
The 95% confidence interval for the mean number of people the houses were shown is (20.1, 27.9).
A similar problem is given at brainly.com/question/15180581
Answer: C
Step-by-step explanation:
<h3>Explain why it is helpful to know the basic function shapes and discuss some ways to remember them. </h3>
- Knowing the basic function shapes and discuss some ways to remember them is helpful because this is useful tools in the creation of mathematical models because we constantly make theories about the relationships between variables in nature and society. Functions in school mathematics are typically defined by an algebraic expression and have numerical inputs and outputs.
Answer:
Step-by-step explanation:
If the price is supposed to be dropping with each year, maybe your year/price chart would reflect that. Seems to me that the price rose between 2015 and 2016 and even by 2017 the value was still higher than it was in 2015.
I have no way of knowing how to fix this.
Let's ASSUME that the 2015 price was $71,445 and that the 2016 and 2017 prices are valid.
the decrease between 2015 and 2016 is (71445 - 68640) / 71445 = 0.03926
or 3.926%
the decrease between 2016 and 2017 is (68640 - 65945)/68640 = 0.03926
or 3.926%
so the price each year after new is
p = 71445(1 - 0.03926)ⁿ
or
71445(0.96074)ⁿ
where n is the number of years.
To get the monthly version, we divide the decrease by 12
p = 71445(1 - 0.03926/12)ˣ
or
p = 71445(1 - 0.00327)ˣ
or
p = 71445(0.99673)ˣ
where x is the number of months since new.
This may not be your exact answer, but the same method can be used if you get real numbers.
Answer: This is False because they don't go together and it doesn't make sense.
Step-by-step explanation:
