Answer:
it looks like its all right to me
Step-by-step explanation:
Answer:
1. Three things influence the margin of error in a confidence interval estimate of a population mean: sample size, variability in the population, and confidence level. For each of these quantities separately, explain briefly what happens to the margin of error as that quantity increases.
Answer: As sample size increases, the margin of error decreases. As the variability in the population increases, the margin of error increases. As the confidence level increases, the margin of error increases. Incidentally, population variability is not something we can usually control, but more meticulous collection of data can reduce the variability in our measurements. The third of these—the relationship between confidence level and margin of error seems contradictory to many students because they are confusing accuracy (confidence level) and precision (margin of error). If you want to be surer of hitting a target with a spotlight, then you make your spotlight bigger.
$790 because it would be 79 times 10
Answer:
Step-by-step explanation:
Givem the profit function
p(x) = −2000x2 + 18000x − 15000
We are to generate the price range that will generate a monthly profit of at least $25,000
Substitute into the function we have;
25000 = −2000x2 + 18000x − 15000
Divide through by 1000
25 = -2x²+18x-15
Rearrange
-2x²+18x-15-25 = 0
2x²-18x+40 = 0
Divide through by 2
x²-9x+20 = 0
Factorize
x²-5x-4x+20 = 0
x(x-5)-4(x-5) = 0
x-4 = 0 and x-5 = 0
x = 4 and x = 5
Hence the price range that will generate a monthly profit of at least $25,000 is between $4 and $5 inclusive
