Remember that when you bring ÷ to the other side of the equal sign it'll become multiply instead
Answer:
μ = 1 The firm expects that one oil exploration will be successful.
v(x)= 0.9
Step-by-step explanation:
The first step is to define the random variable x as:
x: number of oil explorations being succesful
Then x can be take this values:
x = 0 , x =1 ... x =10
x is a binomially distributed random variable with parameters.
p = 0.1 and n=10
And the mean or the expected value of x is:
μ = E(x) = np
Then μ = 10*0.1 = 1
And the variance of x is:
V(x) = np(1-p)
V(x) = 10(0.1)(1-0.1)= 0.9
Answer:
0.36 = 36/100 = 9/25
so the simplest form is 9/25
Answer:
b) 95 percent confidence interval for this single-sample t test
[11.64, 16.36]
Step-by-step explanation:
Explanation:-
Given data a study of 62 college students finds that their average interest rate is 14 percent with a standard deviation of 9.3 percent.
Sample size 'n' =62
sample mean x⁻ = 14
sample standard deviation 'S' = 9.3
<u>95 percent confidence interval for this single-sample t test</u>
The values are
the <u>95 percent confidence interval for the population mean 'μ'</u>
Degrees of freedom γ=n-1=62-1=61
t₀.₀₅ = 1.9996 at 61 degrees of freedom

(14-2.361 , 14 + 2.361)
[(11.64 , 16.36]
<u>Conclusion:-</u>
95 percent confidence interval for this single-sample t test
[11.64, 16.36]
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