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aivan3 [116]
3 years ago
13

24+j= 37.947 I need to solve for j

Mathematics
2 answers:
Aliun [14]3 years ago
8 0

Answer:

j= 13.947

Step-by-step explanation:

j=37.947-24

so j= 13.947

ololo11 [35]3 years ago
7 0
The answer is
j=13.947
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Use the standard norml distribution or the t-distribution to construct a 99% confidence interval for the population mean. Justif
dalvyx [7]

Answer:

E) we will use t- distribution because is un-known,n<30

the confidence interval is (0.0338,0.0392)

Step-by-step explanation:

<u>Step:-1</u>

Given sample size is n = 23<30 mortgage institutions

The mean interest rate 'x' = 0.0365

The standard deviation 'S' = 0.0046

the degree of freedom = n-1 = 23-1=22

99% of confidence intervals t_{0.01} =2.82  (from tabulated value).

The mean value = 0.0365

x±t_{0.01} \frac{S}{\sqrt{n-1} }

0.0365±2.82 \frac{0.0046}{\sqrt{23-1} }

0.0365±2.82 \frac{0.0046}{\sqrt{22} }

0.0365±2.82 \frac{0.0046}{4.690 }

using calculator

0.0365±0.00276

Confidence interval is

(0.0365-0.00276,0.0365+0.00276)

(0.0338,0.0392)

the mean value is lies between in this confidence interval

(0.0338,0.0392).

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<u>using t- distribution because is unknown,n<30,and the interest rates are not normally distributed.</u>

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