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Zepler [3.9K]
3 years ago
6

Hakim invests $700 in a bank that pays 5% simple interest annually. After one year he uses the money in his account to buy a com

puter. The original cost of the computer is $750.00. The computer is on sale for a 20% discount off of the original cost. The sales tax is 4% of the sale price.
After purchasing the computer, how much does Hakim have left in his bank account?
Mathematics
1 answer:
Keith_Richards [23]3 years ago
4 0
The answer is $22.00
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Answer:

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Step-by-step explanation:

We have the standard deviation for the sample, so we use the t-distribution to solve this question.

The first step to solve this problem is finding how many degrees of freedom, we have. This is the sample size subtracted by 1. So

df = 45 - 1 = 44

95% confidence interval

Now, we have to find a value of T, which is found looking at the t table, with 44 degrees of freedom(y-axis) and a confidence level of 1 - \frac{1 - 0.95}{2} = 0.975. So we have T = 2

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M = T\frac{s}{\sqrt{n}} = 2\frac{1.5}{\sqrt{45}} = 0.4

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The lower end of the interval is the sample mean subtracted by M. So it is 12.1 - 0.4 = 11.7 units

The upper end of the interval is the sample mean added to M. So it is 12.1 + 0.4 = 12.5 units

The 95% confidence interval for the average number of units that students in their college are enrolled in is between 11.7 and 12.5 units.

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Answer:

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