You have enough inventory ($3,000,000) to last 30 days for the current orders being processed. However, a new order came in toda
1 answer:
You might be interested in
Analytically, it will be
-√(1+1²) = -√2
The calculator shows it to be -1.41421356237
_____
= -√2 to 12 significant digits.
Answer:
The 96% confidence interval estimate for the mean daily number of minutes that BYU students spend on their phones in fall 2019 is between 306.65 minutes and 317.35 minutes.
Step-by-step explanation:
Confidence interval normal
We have that to find our level, that is the subtraction of 1 by the confidence interval divided by 2. So:
Now, we have to find z in the Ztable as such z has a pvalue of .
That is z with a pvalue of , so Z = 2.054.
Now, find the margin of error M as such
In which is the standard deviation of the population and n is the size of the sample.
The lower end of the interval is the sample mean subtracted by M. So it is 312 - 5.35 = 306.65 minutes
The upper end of the interval is the sample mean added to M. So it is 312 + 5.35 = 317.35 minutes
The 96% confidence interval estimate for the mean daily number of minutes that BYU students spend on their phones in fall 2019 is between 306.65 minutes and 317.35 minutes.