Answer:
With 95% confidence when n equals 44, the population mean is between a lower limit of 33.96 and an upper limit of 40.04
Step-by-step explanation:
Confidence Interval = mean + or - Error margin (E)
mean = 37
sd = 10
n = 44
degree of freedom = n - 1 = 44 - 1 = 43
t-value corresponding to 43 degrees of freedom and 95% confidence level is 2.0165
E = t × sd/√n = 2.0165×10/√44 = 3.04
Lower limit = mean - E = 37 - 3.04 = 33.96
Upper limit = mean + E = 37 + 3.04 = 40.04
95% confidence interval is between 33.96 and 40.04
Answer:
present value = $16750
Step-by-step explanation:
The simple interest formula allows us to calculate A, which is the final amount. According to this formula, the amount is given by A = P (1 + r*t), where P is the principal, r is the annual interest rate in decimal form, and t is the loan period expressed in years
simple interest formula:
t: time
P: present value
A: amount
r
: anual interest
A = P (1 + r*t)
P = A / (1 + r*t)
P = 19,513.75 / (1 + 3/100 * 5.5)
P = 19,513.75/ (1 + 0.165)
P = 19,513.75 / 1.165
P = 16750
present value = $16750
Answer:
Step-by-step explanation:
Total number of tickets sold = 3388
Total number of coach tickets = 3069
Total number of first-class tickets = Total number of tickets sold - Total number of coach tickets
= 3388 - 3069
= 319
Ratio of the number of first-class tickets to the total number of tickets = 319:3388
