Suppose the income tax rate is 5%. Determine the amount of money
1 answer:
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The given equation has a slope of . Parallel lines have the same slope.
Point-Slope formula: y - y₁ = m(x - x₁) ; where (x₁, y₁) is the point and "m" is slope
y - y₁ = m(x - x₁)
y - (-4) = (x - 2)
y + 4 = x +
<u> - 4</u> <u> - </u>
y = x - <u>
</u>
Answer:
The 95% confidence interval for the population mean rating is (5.73, 6.95).
Step-by-step explanation:
We start by calculating the mean and standard deviation of the sample:
We have to calculate a 95% confidence interval for the mean.
The population standard deviation is not known, so we have to estimate it from the sample standard deviation and use a t-students distribution to calculate the critical value.
The sample mean is M=6.34.
The sample size is N=50.
When σ is not known, s divided by the square root of N is used as an estimate of σM:
The degrees of freedom for this sample size are:
The t-value for a 95% confidence interval and 49 degrees of freedom is t=2.01.
The margin of error (MOE) can be calculated as:
Then, the lower and upper bounds of the confidence interval are:
The 95% confidence interval for the mean is (5.73, 6.95).