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The given graph shows the cost for renting a post hole digger from a local hardware store. We have to determine the rate of change or cost per day.
Let us consider any two points.
Let us consider (1,30) and (2,60)
We have to determine the rate of change which is basically termed as "slope".
Rate of change is expressed as a ratio between a change in one variable relative to a corresponding change in another variable.
Therefore, rate of change or cost per day =
Change in y Change in x
=
= 30
Therefore, the rate of change or cost per day is $30 per day.
<h2><u>Answer with explanation:</u></h2>
Let be the population mean strain in a way that conveys information about precision and reliability.
The sample mean is the best point estimate of the true population mean .
As per given , we have
Sample size : n= 12
degree of freedom :
Sample mean :
The true average strain in a way that conveys information about precision and reliability= 25.0
sample standard deviation : s= 3.3
Significance level :
Since sample population standard deviation is unknown , so we use t-test.
Critical t-value for t :
95% Confidence interval for true average strain in a way that conveys information about precision and reliability:
The 95% Confidence interval for true average strain in a way that conveys information about precision and reliability:
We 95% confident that the true population average strain in a way that conveys information about precision and reliability lies between 22.9 and 27.1 .