The problem is an arithmetic sequence with:
a₁ = 206,300
an = 208,400
n = 2013 - 2000
n = 13
To find the annual increase, use this following formula
an = a₁ + d(n - 1)
d represents the annual increase
Input the numbers
an = a₁ + d(n - 1)
289,400 = 206,300 + d(13 - 1)
289,400 = 206,300 + 12d
289,400 - 206,300 = 13d
83,100 = 12d
12d = 83,100
d = 83,100/12
d = 6,925
The annual increase is $6925
54•2=108
36•1=36
108+36=144
14•6=84
144-88=$56
Answer is $56.00
Answer:
The Question isn't clear
Step-by-step explanation:
Answer:
95% confidence interval: (2.784,3.176)
Step-by-step explanation:
We are given the following information in the question:
Sample size, n = 25
Sample mean = $2.98
Standard error = $0.10
Alpha = 0.05
95% confidence interval:
Putting the values, we get,