Answer:
Now we just take square root on both sides of the interval and we got:
Step-by-step explanation:
Information given
represent the sample mean
population mean (variable of interest)
s=2.4 represent the sample standard deviation
n=83 represent the sample size
Confidence interval
The confidence interval for the population variance is given by the following formula:
The degrees of freedom given by:
The confidence level is 0.90 or 90%, the value of
and
, and we can use excel, a calculator or a table to find the critical values.
The excel commands would be: "=CHISQ.INV(0.05,82)" "=CHISQ.INV(0.95,82)". so for this case the critical values are:
The confidence interval is given by:
Now we just take square root on both sides of the interval and we got:
I don't really know how to explain but another example would be the opposite of multiplying is dividing.
Answer:
Linear.
Step-by-step explanation:
Answer:
a) amount in the bank after 7 years if interest is compounded quarterly is $6,605
b) amount in the bank after 7 years if interest is compounded quarterly is $6,612.57
Step-by-step explanation:
We are given:
Principal Amount P= 5000
Rate r= 4% = 0.04
time t = 7 years
The formula used is: 
where A is future value, P is principal amount, r is rate, n is compounded value and t is time
a) Find the amount in the bank after 7 years if interest is compounded quarterly?
If interest is compounded quarterly then n = 4
Using values given in question and finding A

So, amount in the bank after 7 years if interest is compounded quarterly is $6,605
b) Find the amount in the bank after 7 years if interest is compounded monthly?
If interest is compounded quarterly then n = 12
Using values given in question and finding A

So, amount in the bank after 7 years if interest is compounded quarterly is $6,612.57