Aidan has $7565 in his checking account. He invests it in an account that earns 3.5% interest compounded continuously. What is t
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Answer:
Critical value t-score=2.701.
Step-by-step explanation:
When we calculate a confidence interval with an unknown population standard deviation, we estimate it from the sample standard deviation and use the t-score instead of the z-score.
The critical value for t depends on the level of confidence and the degrees of freedom.
If the sample size is 42, the degrees of freedom are:
For a confidence level of 99% and 41 degrees of freedom, the critical value of t is t=2.701.
