<h3>
Answer: Choice B</h3>
No, this is not a plausible value for the population mean, because 5 is not within the 95% confidence interval.
====================================================
Explanation:
The greek letter mu is the population mean. It has the symbol
which looks like the letter 'u' but with a tail at the front or left side.
The question is asking if mu = 5 is plausible if the researcher found the 95% confidence interval to be 5.2 < mu < 7.8
We see that 5 is <u>not</u> in that interval. It's a bit to the left of 5.2
Since mu = 5 is not in the interval, it's not a plausible value for the population mean.
Have we ruled it out with 100% confidence? No. Such a thing is not possible. There's always room for (slight) error. The researcher would need to do a census to be fully confident; however, such practices are very time consuming and expensive. This is the main reason why statistics is important to try to estimate the population with a sample.
Answer:
11/2??????
Step-by-step explanation:
Answer:
a. [6.6350,7.3950]
b. ME=0.5150
Step-by-step explanation:
a. Given that n=40,
and that:
The required 90% confidence interval can be calculated as:
![\bar x\pm(margin \ of \ error)\\\\\bar x\pm z_{\alpha/2}\frac{\sigma}{\sqrt{n}}\\\\6.88\pm(1.645\times \frac{1.98}{\sqrt{40}})\\\\=[6.3650,7.3950]](https://tex.z-dn.net/?f=%5Cbar%20x%5Cpm%28margin%20%5C%20of%20%5C%20error%29%5C%5C%5C%5C%5Cbar%20x%5Cpm%20z_%7B%5Calpha%2F2%7D%5Cfrac%7B%5Csigma%7D%7B%5Csqrt%7Bn%7D%7D%5C%5C%5C%5C6.88%5Cpm%281.645%5Ctimes%20%5Cfrac%7B1.98%7D%7B%5Csqrt%7B40%7D%7D%29%5C%5C%5C%5C%3D%5B6.3650%2C7.3950%5D)
Hence, the 90% confidence interval for the population mean cash value of this crop is [6.6350,7.3950]
b. The margin of error at 90% confidence interval is calculated as:

Hence, the margin of error is 0.5150
Answer:
How much should I spend on rent and utilities?
We calculate your monthly rent at 25% of your monthly net income (after monthly debt). This allows you to have enough cash left for other expenses and savings. Utilities are in general 2.5% of your monthly net income, and so in this case, you should expect to spend $0 or more per month on utilities.
Step-by-step explanation: