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Answer:
<em>95% of confidence interval for the Population</em>
<em>( 6.1386 , 6.8614)</em>
Step-by-step explanation:
<u><em>Step( i ):-</em></u>
<em>Given random sample size 'n' =85</em>
<em>Mean of the sample size x⁻ = 6.5 years</em>
<em>Standard deviation of Population = 1.7 years</em>
<em>Level of significance = 0.95 or 0.05</em>
<u><em>Step(ii):-</em></u>
<em>95% of confidence interval for the Population is determined by</em>
<em></em><em></em>
<em></em><em></em>
<em>( 6.5 - 0.3614 , 6.5 + 0.3614 )</em>
<em>( 6.1386 , 6.8614)</em>
<u><em>Conclusion</em></u><em>:-</em>
<em>95% of confidence interval for the Population</em>
<em>( 6.1386 , 6.8614)</em>
Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
I is the Final Interest Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above