the table below shoes the rates for two duplicating companies. quick copy copy place initial fee of $5.00 initial fee of $10.00
1 answer:
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Answer:
The mean calculated for this case is
And the 95% confidence interval is given by:
So on this case the 95% confidence interval would be given by (476.271;691.729)
Step-by-step explanation:
Previous concepts
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".
The margin of error is the range of values below and above the sample statistic in a confidence interval.
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
represent the sample mean for the sample
population mean (variable of interest)
s represent the sample standard deviation
n represent the sample size
Solution to the problem
The confidence interval for the mean is given by the following formula:
(1)
In order to calculate the mean and the sample deviation we can use the following formulas:
(2)
(3)
The mean calculated for this case is
The sample deviation calculated
In order to calculate the critical value we need to find first the degrees of freedom, given by:
Since the Confidence is 0.95 or 95%, the value of and
, and we can use excel, a calculator or a tabel to find the critical value. The excel command would be: "=-T.INV(0.025,4)".And we see that
Now we have everything in order to replace into formula (1):
So on this case the 95% confidence interval would be given by (476.271;691.729)
Answer:
-2 > -6 . . . or . . . R > S
Step-by-step explanation:
If you plot the temperatures of the two cities on a number line, you see that the temperature for City R is plotted to the right of the temperature for City S. This means the temperature of City S is less than that of City R.
If your inequality relates cities:
S < R or R > S
If your inequality relates temperatures:
-6 < -2 or -2 > -6
Answer:
83%
Step-by-step explanation:
We can put this into a fraction to get the ratio of the new price over the old price
This will give us the percentage of how much was decreased.
The answer you get is .83
Bring 2 decimal places to the right to get 83 (converting from decimal to percentage)
You get 83 percent to be your answer