PLEASE ANSWERRRRRRRRRRRRRRR
1 answer:
Let be the number of days spent at Tahoe and San Francisco, respectively.
We don't know the values of and
yet, but we know that the holiday lasted 9 days:
We also know that each day spent in Tahoe costed 350 and each day spent in San Francisco costed 475. So, the total cost of the holiday is the sum of the number of days muliplied by their cost:
If we put the two equations together, we have the system
Which yields
You might be interested in
We need to find out how many adults must the brand manager survey in order to be 90% confident that his estimate is within five percentage points of the true population percentage.
From the given data we know that our confidence level is 90%. From Standard Normal Table we know that the critical level at 90% confidence level is 1.645. In other words, .
We also know that E=5% or E=0.05
Also, since, is not given, we will assume that
=0.5. This is because, the formula that we use will have
in the expression and that will be maximum only when
=0.5. (For any other value of
, we will get a value less than 0.25. For example if,
is 0.4, then
and thus,
.).
We will now use the formula
We will now substitute all the data that we have and we will get
which can approximated to n=271.
So, the brand manager needs a sample size of 271