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Answer:
The confidence interval for the mean is given by the following formula:
(1)
And for this case the 95% confidence interval is given by (2.13; 2.37)
We have a point of estimate for the sample mean with this formula:
And for the margin of error we have the following estimation:
Step-by-step explanation:
Previous concepts
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".
The margin of error is the range of values below and above the sample statistic in a confidence interval.
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
represent the sample mean
population mean (variable of interest)
s represent the sample standard deviation
n represent the sample size
Solution to the problem
The confidence interval for the mean is given by the following formula:
(1)
And for this case the 95% confidence interval is given by (2.13; 2.37)
We have a point of estimate for the sample mean with this formula:
And for the margin of error we have the following estimation:
Let L, W, F, H, P represent, respectively, the length, width, number of floors, height, and perimeter of the building. Here are some equations that model the given information.
- L = W + 40
- H = 12×F
- foundation cost = 10×L×W
- cost of floors = 35000×F
- total cost = foundation cost + cost of floors
- total cost = 1,180,000
- P = 2×(L+W)
- P = 3×H
We can rewrite these into a system of equations involving L, W, F.
Let's look first at the relation between the perimeter and height. The two versions of perimeter are equal to each other, so we have (after substituting for H) ...
... 3H = 2(L+W)
... 3(12F) = 2((W +40) +W) . . . . substitute for H and L
... 36F = 4W +80 . . . . . . . . . . . simplify
... 9F = W +20 . . . . . . . . . . . . . divide by 4
Now, we can look at the cost equations.
... 1180000 = 35000F + 10W(W+40) . . . . . substitute for the various cost terms and for L
... 118000 = 3500F +W² +40W . . . . . . . . . divide by 10
The two simplified equations in W and F are ...
- 9F = W +20
- 3500F = 118000 -40W -W²
You can solve the first for F and substitute for F in the second. Then you have a quadratic equation in W that can be solved by the usual methods. (Likely, the quadratic formula would be the best choice.) Here, we have elected to let a graphing calculator show the two solutions. One solution has negative dimensions, so is clearly infeasible.
There is one (nearly feasible) solution:
... W ≈ 180.788
... F ≈ 22.31
There is no combination of floor dimensions and integral numbers of floors that will match <em>all</em> of the problem requirements.
_____
A solution that comes about as close as possible is ...
- length = 221 ft
- width = 181 ft
- perimeter = 804 ft
- # of floors = 22
- height = 264 ft . . . . . (3×height = 792 ft vs. 804 ft)
- cost = $1,170,010 . . . (vs. 1,180,000)
