I don't understand this, sorry
Answer:
a) 95% confidence interval estimate of the true weight is (3.026, 3.274)
b) 99% confidence interval estimate of the true weight is (2.944, 3.356)
Step-by-step explanation:
Confidence Interval can be calculated using M±ME where
- M is the mean of five successive weightings (3.150)
- ME is the margin of error from the mean
And margin of error (ME) can be calculated using the formula
ME=
where
- t is the corresponding statistic in the given confidence level and degrees of freedom(t-score)
- s is the standard deviation of the random error (0.1)
Using the numbers 95% confidence interval estimate of the true weight is:
3.150±
≈3.150±0.124
And 99% confidence interval estimate of the true weight is:
3.150±
≈3.150±0.206
Answer:
end of third year = 1,200*(1.02)^3 = 1,273.45 plus
end of second year = 1,200*(1.02)^2 = 1,248.48 plus
end of first year = 1,200*(1.02) = 1,224.00
Total = 3,745.9
Step-by-step explanation: