Step-by-step explanation:
a. The point estimate is the mean, 47 days.
b. The margin of error is the critical value times the standard error.
At 31 degrees of freedom and 98% confidence, t = 2.453.
The margin of error is therefore:
MoE = 2.453 × 10.2 / √32
MoE = 4.42
c. The confidence interval is:
CI = 47 ± 4.42
CI = (42.58, 51.42)
d. We can conclude with 98% confidence that the true mean is between 42.58 days and 51.42 days.
e. We can reduce the margin of error by either increasing the sample size, or using a lower confidence level.
Answer:
65%
Step-by-step explanation:
this is because the decrease of price is 247 amd if u divide by original its 65%
Because it is simple.you have to do a fewer calculations than if you saved money without it.
Here's the graphical solution.
... (x, y) = (1, 0)
