Using the Empirical Rule and the Central Limit Theorem, we have that:
- About 68% of the sample mean fall with in the intervals $1.64 and $1.82.
- About 99.7% of the sample mean fall with in the intervals $1.46 and $2.
<h3>What does the Empirical Rule state?</h3>
It states that, for a normally distributed random variable:
- Approximately 68% of the measures are within 1 standard deviation of the mean.
- Approximately 95% of the measures are within 2 standard deviations of the mean.
- Approximately 99.7% of the measures are within 3 standard deviations of the mean.
<h3>What does the Central Limit Theorem state?</h3>
By the Central Limit Theorem, the sampling distribution of sample means of size n has standard deviation 
.
In this problem, the standard deviation of the distribution of sample means is:
68% of the means are within 1 standard deviation of the mean, hence the bounds are:
99.7% of the means are within 3 standard deviations of the mean, hence the bounds are:
More can be learned about the Empirical Rule at brainly.com/question/24537145
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Answer:
Malcolm is showing evidence of gambler's fallacy.
This is the tendency to think previous results can affect future performance of an event that is fundamentally random.
Step-by-step explanation:
Since each round of the roulette-style game is independent of each other. The probability that 8 will come up at any time remains the same, equal to the probability of each number from 1 to 10 coming up. That it has not come up in the last 15 minutes does not increase or decrease the probability that it would come up afterwards.
Answer:
C - $20.30
Step-by-step explanation:
-9.55 + (-10.75) = - 20.3
Answer:
B- 583
Step-by-step explanation:
6% of 550 is 33. So, you just add 33 to 550 which equals 583.
Your welcome!
This can be calculated using the formula:
P = L((r/n)*(1 + r/n)^(n*t))/((1 + r/n)^(n*t) - 1)
Where:
L = 4759
r = 0.209
n = 12
t = 3
So plugging in our data:P = 4759((0.209/12)*(1 + 0.209/12)^(12*3))/((1 + 0.209/12)^(12*3) - 1)
Which will give us the amount of: $179.05 is the monthly repayments.
Other info:
Total interest:$1,686.80
Total cost:$6,445.80
