Ryan bought a racing bike for $4,000 this month. Its value depreciates by
2 answers:
You might be interested in
Answer: Plan A is cheaper, because the cost of a 2-minute call and a 4-minute call is less than the cost of a 2-minute call and a 4-minute of Plan B call.
Step-by-step explanation:
1. You have the following information of Plan A:
- A 2 minute call costs .54 cents.
- A 4 minutes call costs $1.08.
2. For Plan B, you know that the cost of is given by the equation:
3. Therefore, you can compare both plans by finding the cost of a call of 2 minutes and a call of 4 minutes of Plan B. You can calculate this by giving these values to :
4. Substitute the values into the equation:
(This is more expensive)
(This is more expensive)
5. Therefore, Plan A is cheaper, because the cost of a 2-minute call and a 4-minute call is less than the cost of a 2-minute call and a 4-minute of Plan B call.
Answer:
[ 1,532.41, 1,617.59]
Step-by-step explanation:
Data provided :
Sample size, n = 120
Mean = $1,575
Standard deviation = $215
Confidence level = 97%
Now,
Confidence interval = Mean ±
also,
for 97% confidence level z score = 2.17 [from standard z-table]
= $1,575 ±
= $1,575 ± 42.59
Therefore,
Confidence interval = [ $1,575 - 42.59, $1,575 + 42.59]
= [ 1,532.41, 1,617.59]