Answer:
68% Confidence interval = [4.5752, 4.5848]
95% Confidence interval = [4.5688, 4.5918]
Step-by-step explanation:
Sample mean (X) = 4.580
Sample Standard Deviation (S) = 0.01065
Sample size (n) = 6
for alpha/2 0.84 = 1.1037
for alpha/2 0.975 = 2.5706
68% Confidence interval = ![[x-T_{(5)}\frac{S}{\sqrt{n}}, x+T_{(5)]\frac{S}{\sqrt{n}}]](https://tex.z-dn.net/?f=%5Bx-T_%7B%285%29%7D%5Cfrac%7BS%7D%7B%5Csqrt%7Bn%7D%7D%2C%20x%2BT_%7B%285%29%5D%5Cfrac%7BS%7D%7B%5Csqrt%7Bn%7D%7D%5D)
= [4.5752, 4.5848]
95% Confidence interval = ![[x-T_{(5)}\frac{S}{\sqrt{n}}, x+T_{(5)}\frac{S}{\sqrt{n}}]](https://tex.z-dn.net/?f=%5Bx-T_%7B%285%29%7D%5Cfrac%7BS%7D%7B%5Csqrt%7Bn%7D%7D%2C%20x%2BT_%7B%285%29%7D%5Cfrac%7BS%7D%7B%5Csqrt%7Bn%7D%7D%5D)
= [4.5688, 4.5918]
I am an organized person, so i make a checklist of all my notes and study them in order and that helps me a lot for the EOGs
Answer:
$5808.08
Step-by-step explanation:
The formula for calculating future value:
FV = P (1 + r/m)^mn
FV = Future value
P = amount deposited = $5000
R = interest rate = 0.03
N = number of years = 5
m = number of compounding = 12
5000 x (1 + 0.03/12)^60 = $5,808.08
The answer is 1014. Look at my work...
