A carnival charges $1.50 per ride after an entrance fee. You paid a total of $30
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Answer:
The lower limit of the 90% confidence interval for the population mean life of the new model is 72.53 months.
Step-by-step explanation:
Our sample size is 13.
The first step to solve this problem is finding our degrees of freedom, that is, the sample size subtracted by 1. So
Then, we need to subtract one by the confidence level and divide by 2. So:
Now, we need our answers from both steps above to find a value T in the t-distribution table. So, with 12 and 0.05 in the t-distribution table, we have .
Now, we find the standard deviation of the sample. This is the division of the standard deviation by the square root of the sample size. So
Now, we multiply T and s
The lower end of the interval is the mean subtracted by M. So it is 75 - 2.47 = 72.53
The lower limit of the 90% confidence interval for the population mean life of the new model is 72.53 months.