The neighborhood bank offers a lower rate on commercial account than on personal accounts,if the commercial rate is 1.25% lower
1 answer:
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Answer:
a: 28 < µ < 34
Step-by-step explanation:
We need the mean, var, and standard deviation for the data set. See first attached photo for calculations for these...
We get a mean of 222/7 = 31.7143
and a sample standard deviation of: 4.3079
We can now construct our confidence interval. See the second attached photo for the construction steps.
They want a 90% confidence interval. Our sample size is 7, so since n < 30, we will use a t-score. Look up the value under the 10% area in 2 tails column, and degree of freedom is 6 (degree of freedom is always 1 less than sample size for confidence intervals when n < 30)
The t-value is: 1.943
We rounded down to the nearest person in the interval because we don't want to over estimate. It said 28.55, so more than 28 but not quite 29, so if we use 29 as the lower limit, we could over estimate. It's better to use 28 and underestimate a little when considering customer flow.
Answer:
213.52 cubic ft
Step-by-step explanation:
Diameter of pipe = 4ft
radius for circle is half of diameter
thus radius of pipe = 1/2 of 4ft = 2 ft
length of pipe = 17 feet
volume of cylinder is given by
where r is the radius and l is the length of cylinder
.
thus volume of pipe is calculated below using above values
volume of pipe is 213.52 cubic ft.