David has been tasked with tracking the number of bagels sold (y) at freddy's 24-hour bagel shop from 12: 00 am (*= 0) to 12: 00
1 answer:
You might be interested in
Solution :
1). The cost of the formula is given as :
$ 19,350 + $12 x
2). 95% for the prediction is :
(rounding off)
3). r = 0.92
Therefore,
That is 84.64 % of the variability in the moving cost is best explained by the number of moves.
Answer:
The answer is below
Step-by-step explanation:
1)
mean (μ) = 12, SD(σ) = 2.3, sample size (n) = 65
Given that the confidence level (c) = 90% = 0.9
α = 1 - c = 0.1
α/2 = 0.05
The z score of α/2 is the same as the z score of 0.45 (0.5 - 0.05) which is equal to 1.65
The margin of error (E) is given as:
The confidence interval = μ ± E = 12 ± 0.47 = (11.53, 12.47)
2)
mean (μ) = 23, SD(σ) = 12, sample size (n) = 45
Given that the confidence level (c) = 88% = 0.88
α = 1 - c = 0.12
α/2 = 0.06
The z score of α/2 is the same as the z score of 0.44 (0.5 - 0.06) which is equal to 1.56
The margin of error (E) is given as:
The confidence interval = μ ± E = 23 ± 2.8 = (22.2, 25.8)