Answer:
A) sample mean = $1.36 million
B) standard deviation = $0.9189 million
C) confidence interval = ($1.93 million , $0.79 million)
*since the sample size is very small, the confidence interval is not valid.
Step-by-step explanation:
samples:
- $2.7 million
- $2.4 million
- $2.2 million
- $2 million
- $1.5 million
- $1.5 million
- $0.5 million
- $0.5 million
- $0.2 million
- $0.1 million
sample mean = $1.36 million
the standard deviation:
- $2.7 million - $1.36 million = 1.34² = 1.7956
- $2.4 million - $1.36 million = 1.04² = 1.0816
- $2.2 million - $1.36 million = 0.84² = 0.7056
- $2 million - $1.36 million = 0.64² = 0.4096
- $1.5 million - $1.36 million = 0.14² = 0.0196
- $1.5 million - $1.36 million = 0.14² = 0.0196
- $0.5 million - $1.36 million = -0.86² = 0.7396
- $0.5 million - $1.36 million = -0.86² = 0.7396
- $0.2 million - $1.36 million = -1.16² = 1.3456
- $0.1 million - $1.36 million = -1.26² = 1.5876
- total $8.444 million / 10 = $0.8444 million
standard deviation = √0.8444 = 0.9189
95% confidence interval = mean +/- 1.96 standard deviations/√n:
$1.36 million + [(1.96 x $0.9189 million)/√10] = $1.36 million + $0.57 million = $1.93 million
$1.36 million - $0.57 million = $0.79 million
Answer:
Tiffany purchase the better buy.
Step-by-step explanation:
given data
Tiffany paid = $38
snowflake obsidian = 9 pounds
Tony paid = $19
same type of stone = 3 pounds
solution
Tiffany shopped well in this scenario. Mainly because Tiffany paid less per pound than Tony. This can be calculated by dividing the total amount paid by the amount received by each
so for Tiffany
= $38 ÷ 9
= $4.22 per pound
and for Tony
=$19 ÷ 3
= $6.33 per pound
so that here Tiffany paid $4.22 per pound and Tony paid $6.33 per pound
so here whole $2.11 more than Tiffany
so that with this Tiffany purchase the better buy.
Answer:
7488 ft^3
Step-by-step explanation:
26x32x9 = 7488 cubic ft
Answer:
15/3 + (6.5 + 4.2) - 0.6 = 15.1
Step-by-step explanation:
You can first reduce the fraction to 5 when you multiply by 3, then calculate what's in the parenthesis. So now you have 5 + 10.7 - 0.6, then just solve from left to right. Hope this helps
