For a new neighborhood, 1.4 acres of land will be split into 8 lots. How many acres of land
1 answer:
You might be interested in
If is a random variable representing your winnings from playing the game, then it has support
There are 52 cards in the deck. Only the 1s, 2s, and 3s fulfill the first condition, so there are 12 ways in which you can win $43. So has PMF
You can expect to win
or about $1.46 per game.
Answer:
a) The 95% confidence interval to estimate the average fee for the population is between $11.65 and $12.79
b) $0.57
Step-by-step explanation:
We have that to find our level, that is the subtraction of 1 by the confidence interval divided by 2. So:
Now, we have to find z in the Ztable as such z has a pvalue of .
So it is z with a pvalue of , so
Now, find the margin of error M as such
In which is the standard deviation of the population and n is the size of the sample.
So the answer for b) is $0.57.
The lower end of the interval is the sample mean subtracted by M. So it is 12.22 - 0.57 = $11.65
The upper end of the interval is the sample mean added to M. So it is 12.22 + 0.57 = $12.79
The 95% confidence interval to estimate the average fee for the population is between $11.65 and $12.79