Answer:
The best point estimate for the mean monthly car payment for all residents of the local apartment complex is $624.
Step-by-step explanation:
The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean
and standard deviation
, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean
and standard deviation
.
In this question:
We apply the inverse Central Limit Theorem.
The mean monthy car payment for 123 residents of the local apartment complex is $624.
So, for all residents of the local apartment complex, the best point estimate for the mean monthly car payment is $624.
'Of' in math means 'multiplied by,' so the equation that we can set up is:
So your answer is 320.
Answer:
t + 109,400.00 =$120,340.00
Step-by-step explanation:
The answer would be 54. Because you start with 2.
2x3 = 6
6x3 = 18
18x3 = 54
Each month it triples so you continue
to add 3 to each result.