We have a sample of 28 data points. The sample mean is 30.0 and the sample standard deviation is 2.40. The confidence level required is 98%. Then, we calculate α by:
The confidence interval for the population mean, given the sample mean μ and the sample standard deviation σ, can be calculated as:
![CI(\mu)=\lbrack x-Z_{1-\frac{\alpha}{2}}\cdot\frac{\sigma}{\sqrt[]{n}},x+Z_{1-\frac{\alpha}{2}}\cdot\frac{\sigma}{\sqrt[]{n}}\rbrack](https://tex.z-dn.net/?f=CI%28%5Cmu%29%3D%5Clbrack%20x-Z_%7B1-%5Cfrac%7B%5Calpha%7D%7B2%7D%7D%5Ccdot%5Cfrac%7B%5Csigma%7D%7B%5Csqrt%5B%5D%7Bn%7D%7D%2Cx%2BZ_%7B1-%5Cfrac%7B%5Calpha%7D%7B2%7D%7D%5Ccdot%5Cfrac%7B%5Csigma%7D%7B%5Csqrt%5B%5D%7Bn%7D%7D%5Crbrack)
Where n is the sample size, and Z is the z-score for 1 - α/2. Using the known values:
![CI(\mu)=\lbrack30.0-Z_{0.99}\cdot\frac{2.40}{\sqrt[]{28}},30.0+Z_{0.99}\cdot\frac{2.40}{\sqrt[]{28}}\rbrack](https://tex.z-dn.net/?f=CI%28%5Cmu%29%3D%5Clbrack30.0-Z_%7B0.99%7D%5Ccdot%5Cfrac%7B2.40%7D%7B%5Csqrt%5B%5D%7B28%7D%7D%2C30.0%2BZ_%7B0.99%7D%5Ccdot%5Cfrac%7B2.40%7D%7B%5Csqrt%5B%5D%7B28%7D%7D%5Crbrack)
Where (from tables):
Finally, the interval at 98% confidence level is:
14.75 depending on if the model is 8 & the actual is 1 in the 1:8 scale factor because you would just multiply the actual by 8 because it is the scale factor. the answer could also be .23 is the model is 1 & the actual is 8 because you would divide the actual by 8! hope this helps!!
Hi! This is a difficult problem because I'm not too familiar with exponential functions but I think that 4^x is an exponential function and 2 multiplied by it means that it's multiplying by an exponential function. Does it make the whole rule exponential? I'm not sure but I don't think it does.
The maximum amount of profit the carnival makes based on the number of tickets sold is 6.5 thousand of dollars,
<h3>How to determine the difference?</h3>
The function is given as:
f(x) = -0.5x^2 + 5x - 6
Differentiate the function
f'(x) = -x + 5
Set to 0
-x + 5 = 0
Make x the subject
x = 5
Substitute x = 5 in f(x)
f(5) = -0.5 * 5^2 + 5 * 5 - 6
f(5) = 6.5
The table is not given.
Hence, the maximum amount of profit the carnival makes based on the number of tickets sold is 6.5 thousand of dollars,
Read more about quadratic functions at:
brainly.com/question/18797214
