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Nadya [2.5K]
3 years ago
11

The 90% confidence interval for the mean one-way commuting time in New York City is

Mathematics
1 answer:
Zinaida [17]3 years ago
3 0

Answer:

95% provides more information

Step-by-step explanation:

The confidence interval is obtained by using the relation :

Xbar ± Zcritical * σ/√n

(Xbar - (Zcritical * σ/√n)) = 5.22 - - - (1)

(Xbar + (Zcritical * σ/√n)) = 5.98 - - (2)

Adding (1) and (2)

2xbar = 5.22 + 5.98

2xbar = 11.2

xbar = 11.2 / 2 = 5.6

Margin of Error :

Xbar - lower C.I = Zcritical * σ/√n

Zcritical at 90% = 1.645

5.6 - 5.22 = 1.645 * (σ/√n)

0.38 = 1.645 * (σ/√n)

(σ/√n) = 0.38 / 1.645 = 0.231

Therefore, using the se parameters to construct at 95%

Zcritical at 95% = 1.96

Margin of Error = Zcritical * σ/√n

Margin of Error = 1.96 * 0.231 = 0.45276

C.I = xbar ± margin of error

C. I = 5.6 ± 0.45276

C.I = (5.6 - 0.45276) ; (5.6 + 0.45276)

C. I = (5.147 ; 6.053)

Hence, 95% confidence interval provides more information as it is wider.

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Answer:

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Step-by-step explanation:

[1]    11d + 17b = 95

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Graphic Representation of the Equations :

   17b + 11d = 95        b + d = 7  

 

Solve by Substitution :

// Solve equation [2] for the variable  b

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// Plug this in for variable  b  in equation [1]

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// Solve equation [1] for the variable  d

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// By now we know this much :

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Solution :

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Present value = $10000 / (1.0619)^3.5 = $810.41

To learn more about present value, please check: brainly.com/question/26537392

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