A package of 3 pairs of insulated socks costs $18.87. What is the unit price of the pairs of socks?
2 answers:
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Given:
μ = $3120, population mean
σ = $677, population standard deviation.
The population is normally distributed.
n = 20, sample size.
At the 95% confidence level, the confidence interval is
1.96(σ/√n) = 1.96(677/√20) = 296.71
Th confidence interval for the mean is
($2823.29, $3416.71)
Answer: ($2823.29, $3416.71)
μ = $3120, population mean
σ = $677, population standard deviation.
The population is normally distributed.
n = 20, sample size.
At the 95% confidence level, the confidence interval is
1.96(σ/√n) = 1.96(677/√20) = 296.71
Th confidence interval for the mean is
($2823.29, $3416.71)
Answer: ($2823.29, $3416.71)
Answer:
f(t) = 101,234
Step-by-step explanation:
First, use FV formula to find the rate ;r given PV=101,234 and FV=104,271.02 and time= 1 year
104,271.02 = 101,234
Divide both sides by 101,234 to get;
104,271.02 / 101,234 = 1+r
1.03 = 1+r
1.03 -1 =r
therefore r= 0.03 or 3%
Next, to get the function of FV of estate after t years; f(t) ;
Plug in the 3% rate found above into the FV formula with PV being the current value of 101,234 and it becomes;
f(t) = 101,234
Answer: 24
Step-by-step explanation:
The permutation of n things taken r at a time is given by :-
The number of ways four people can sit next to each other in a stadium row will be given by :-
Hence, the number of ways can four people sit next to each other in a stadium row =24