Answer:
b. A year and a half
Step-by-step explanation:
First, we can find the total cost
Next, we can divide by 50 in order to find out how many months it will take for the panel to pay for itself.
months
This is very close to 36 months, which is <u>A year and a half</u>.
Using the Central Limit Theorem, the branch manager can be 95% certain that the sample mean will fall within $1.034 of the mean.
<h3>What does the Central Limit Theorem state?</h3>In this problem, we have that the standard deviation and the sample size are given as follows:
Hence the standard error is given by:
[tex]s = \frac{10.34}{\sqrt{400}} = 0.517.
Two standard errors is represented by:
2 x 0.517 = $1.034.
Hence, the branch manager can be 95% certain that the sample mean will fall within $1.034 of the mean.
More can be learned about the Central Limit Theorem at brainly.com/question/24663213
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