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skelet666 [1.2K]
3 years ago
11

If you are receiving $57.94 in change, what is the lowest combination of bills and coins that will still give you the correct ch

ange?
Mathematics
1 answer:
mestny [16]3 years ago
7 0

1   50 dollar bill

1    5 dollar bill

2   1 dollar bills

3    quarters

1      dime

1       nickel

4      pennies




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Answer:

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Step-by-step explanation:

We have that to find our \alpha level, that is the subtraction of 1 by the confidence interval divided by 2. So:

\alpha = \frac{1-0.8}{2} = 0.1

Now, we have to find z in the Ztable as such z has a pvalue of 1-\alpha.

So it is z with a pvalue of 1-0.1 = 0.9, so z = 1.28

Now, find M as such

M = z*\frac{\sigma}{\sqrt{n}}

In which \sigma is the standard deviation of the population and n is the size of the sample.

M = 1.28*\frac{0.7}{\sqrt{164}} = 0.07

The lower end of the interval is the mean subtracted by M. So it is 4.1 - 0.07 = 4.03 pounds

The upper end of the interval is the mean added to M. So it is 4.1 + 0.07 = 4.17 pounds

Rounded to one decimal place

The 80% confidence interval for the mean consumption of meat among people over age 23 is between 4 and 4.2 pounds.

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