Using the t-distribution to build the 99% confidence interval, it is found that:
- The margin of error is of 3.64.
- The 99% confidence interval for the population mean is (19.36, 26.64).
<h3>What is a t-distribution confidence interval?</h3>
The confidence interval is:
In which:
- is the sample mean.
- s is the standard deviation for the sample.
The critical value, using a t-distribution calculator, for a two-tailed 95% confidence interval, with 21 - 1 = 20 df, is t = 2.086.
The other parameters are given as follows:
The margin of error is given by:
Hence the bounds of the interval are:
The 99% confidence interval for the population mean is (19.36, 26.64).
More can be learned about the t-distribution at brainly.com/question/16162795
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Answer:
the length of all sides added together
Answer:
√100 = 10, √36 = 6, √225 = 15
Step-by-step explanation:
100 can be made by 10^2 (10 x 10), 36 has factors of 6 and can be made by 6^2, and 225 can be made by 15^2.
We'll have to assume that interest is charged annually.
interest = i = p*r*t, where p is the initial amount ($25000), r is the annual interest rate as a decimal fraction, and t is the length of time, in years.
Then $2625 = $25000*0.035*t. Solve for t:
$2625
------------ = 0.035t = 0.105. Dividing both sides by 0.035, we get
$25000
t = 3 years (answer)
Answer:
A) (17 ; 550)
B) $17/item
C) 550
Step-by-step explanation:
First we must calculate the intersection point of the two lines. Since in that point <em>y</em> has the same value in both equations, we can obtain <em>x </em>by equalling the two equations and then using that value for obtaining <em>y</em>:
So the value of <em>x</em> in the intersection point is 17. We now use this value with either one of the equations to obtain <em>y</em><em>. </em>Let's use the supply equation:
So the intersection point is (17 ; 550)
Supply and demand are in equilibrium when the amount of items on supply are the same as the ones on demand. That is the point were the two lines intersect, which means the selling price is the <em>x</em> coordinate and the amount of items is the <em>y</em> coordinate, so that is a selling price of <em>$17/item</em> with a number of items of <em>550</em>.