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Lilit [14]
2 years ago
7

The function f (t) = 12(1 +0.03) can be used to determine the population, in thousands of a town t years

Mathematics
1 answer:
Alja [10]2 years ago
5 0

f= the original amount of people, a steady growth throughout the years

t=time

In 1955 the population was 12 thousand. Compared to the current population of 12.36 thousand, the population then was roughly 77%.

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A random sample of 10 parking meters in a resort community showed the following incomes for a day. Assume the incomes are normal
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Answer:

A 95% confidence interval for the true mean is [$3.39, $6.01].

Step-by-step explanation:

We are given that a random sample of 10 parking meters in a resort community showed the following incomes for a day;

Incomes (X): $3.60, $4.50, $2.80, $6.30, $2.60, $5.20, $6.75, $4.25, $8.00, $3.00.

Firstly, the pivotal quantity for finding the confidence interval for the population mean is given by;

                         P.Q.  =  \frac{\bar X-\mu}{\frac{s}{\sqrt{n} } }  ~ t_n_-_1

where, \bar X = sample mean income = \frac{\sum X}{n} = $4.70

            s = sample standard deviation = \sqrt{\frac{\sum (X-\bar X)^{2} }{n-1} }  = $1.83

            n = sample of parking meters = 10

            \mu = population mean

<em>Here for constructing a 95% confidence interval we have used a One-sample t-test statistics because we don't know about population standard deviation.</em>

<u>So, 95% confidence interval for the population mean, </u>\mu<u> is ;</u>

P(-2.262 < t_9 < 2.262) = 0.95  {As the critical value of t at 9 degrees of

                                            freedom are -2.262 & 2.262 with P = 2.5%}  

P(-2.262 < \frac{\bar X-\mu}{\frac{s}{\sqrt{n} } } < 2.262) = 0.95

P( -2.262 \times {\frac{s}{\sqrt{n} } } < {\bar X-\mu < 2.262 \times {\frac{s}{\sqrt{n} } } ) = 0.95

P( \bar X-2.262 \times {\frac{s}{\sqrt{n} } } < \mu < \bar X+2.262 \times {\frac{s}{\sqrt{n} } } ) = 0.95

<u>95% confidence interval for</u> \mu = [ \bar X-2.262 \times {\frac{s}{\sqrt{n} } } , \bar X+2.262 \times {\frac{s}{\sqrt{n} } } ]

                                         = [ 4.70-2.262 \times {\frac{1.83}{\sqrt{10} } } , 4.70+ 2.262 \times {\frac{1.83}{\sqrt{10} } } ]

                                         = [$3.39, $6.01]

Therefore, a 95% confidence interval for the true mean is [$3.39, $6.01].

The interpretation of the above result is that we are 95% confident that the true mean will lie between incomes of $3.39 and $6.01.

Also, the margin of error  =  2.262 \times {\frac{s}{\sqrt{n} } }

                                          =  2.262 \times {\frac{1.83}{\sqrt{10} } }  = <u>1.31</u>

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