Answer: a.) $50188 to $57812
Step-by-step explanation: <u>Confidence</u> <u>Interval</u> (CI) is an interval of values in which we are confident the true mean is in.
The interval is calculated as
x ± 
a. For a 95% CI, z-value is 1.96.
Solving:
54,000 ± 
54,000 ± 
54,000 ± 1.96*1732.102
54,000 ± 3395
This means the interval is
50605 < μ < 57395
<u>With a 95% confidence interval, the mean starting salary of college graduates is between 50605 and 57395 or </u><u>from 50188 to 57812$.</u>
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b. The mean starting salary for college students in 2017 is $50,516, which is in the confidence interval. Therefore, since we 95% sure the real mean is between 50188 and 57812, there was no significant change since 2017.
Answer: -35+24p
Step by step in picture below
Answer:
If your solving for x on the first one it’s x =−5/2y+8
If your solving for y on the second one it’s y =−4x+3
Step-by-step explanation:
9514 1404 393
Answer:
3.4%
Step-by-step explanation:
The total amount due is ...
A = P(1 +rt/12) . . . . . principal P, annual rate r, t months
33829.50 = 28500(1 +66/12r)
1.187 = 1 +5.5r . . . . . divide by 28500, simplify
0.185/5.5 = r = 0.034 = 3.4%
The interest rate on the loan is 3.4%.