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horrorfan [7]
3 years ago
7

A researcher wants to estimate the mean commute time of residents in Westchester County. The researcher samples 40 commuters and

find the mean commute time to be 25 minutes. Assume the population standard deviation for commute time is 12.5 minutes. Construct a 90% confidence interval for the mean commute time of residents in Westchester County. What is the Lower Bound of the confidence interval
Mathematics
1 answer:
Ksenya-84 [330]3 years ago
4 0

Answer:

21.759

Step-by-step explanation:

Given that :

Mean (m) = 25

Standard deviation (s) = 12.5

Sample size (n) = 40

α = 90%

The confidence interval is obtained using the relation:

Mean ± Zcritical * s/sqrt(n)

Zcritical at 90% confidence interval = 1.64

25 ± 1.64 * (12.5/sqrt(40))

Lower boundary : 25 - 1.64(1.9764235) = 21.75866546

Upper boundary : 25 + 1.64(1.9764235) = 28.24133454

(21.759, 28.241)

Hence, lower bound of confidence interval is : 21.759

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The rate of change is 16.8 million tons per year

<em><u>Solution:</u></em>

Given that, the world catch of fish in 1950 was 12 million tons and in 1955 it was 96 million tons

<em><u>The average rate of change is given by formula:</u></em>

\text{ Average rate of change } = \frac{\text{ change in value }}{\text{ number of years }}

Value in 1950 = 12 million tons

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Change in value = value in 1955 - value in 1950

Change in value = 96 million - 12 million = 84 million tons

Number of years = 1950 to 1955 = 5 years

<em><u>Substitute the given values in formula,</u></em>

<em><u></u></em>\text{ Average rate of change } = \frac{84 \text{ million tons}}{5} = 16.8 \text{ million tons}<em><u></u></em>

Thus rate of change is 16.8 million tons per year

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