A 99% confidence interval will be wider compared to a 95% confidence interval. This is because while you don't know what the true value of mu is, you are more confident that the parameter is in the interval.
In essence, you are casting a wider net which leads to the higher level of confidence. Imagine if there was a 100 mile stretch of straight land, and somewhere on this line was a special rock that you are looking for. You would be 100% confident if you said "the rock is somewhere on that piece of land", and less confident the more you shrunk the interval.
The question is incomplete, the complete question is;
If in 0.5 min the tank gets 0.8 gallons of the water then
how many gallons will be in 1 min ?
how many gallons will be in 3 min?
and how long it takes for 40 gallons?
Answer:
1.6 gallons
4.8 gallons
25 mins
Step-by-step explanation:
This question has to do with proportion.
If it takes 0.5 mins for the tank to get 0.8 gallons
in 1 minute the tank will get 0.8 * 1/0.5 = 1.6 gallons
In 3 minutes the tank will get 3 * 1.6 gallons = 4.8 gallons
if it takes 1 min to get 1.6 gallons
it will take x mins to get 40 gallons
x = 1 * 40/1.6 = 25 mins
Answer:
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Answer: D. The price is likely to decrease.
Explanation: Supply and Demand, when a product is in high demand, which means a lot of consumers want it then companies can raise the price on it. When its in low demand then they have to decrease the price in order for that product to sell.
Answer:
0.0378
Step-by-step explanation:
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