Please help ASAP. 15 points.
1 answer:
Since you're told that the airfare cost is 737 we know that this is a number that will not be varied in any way and that this number will be added to the number of nights that he pays for to stay at a hotel. We are also told that the cost per night is 164 and that x represents the number of nights that he stays. We can then have the following
for the second package we are told that it cost 249 for the round trip and 531 per night at a hotel. Moreover, once again x represents the number of nights that he will be staying at the hotel, giving the equation
therefore, option C is the correct answer.
for the second package we are told that it cost 249 for the round trip and 531 per night at a hotel. Moreover, once again x represents the number of nights that he will be staying at the hotel, giving the equation
therefore, option C is the correct answer.
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Answer:
Step-by-step explanation:
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".
The t distribution or Student’s t-distribution is a "probability distribution that is used to estimate population parameters when the sample size is small (n<30) or when the population variance is unknown".
The shape of the t distribution is determined by its degrees of freedom and when the degrees of freedom increase the t distirbution becomes a normal distribution approximately.
Data given
Confidence =0.99 or 99%
represent the significance level
n =16 represent the sample size
We don't know the population deviation
Solution for the problem
For this case since we don't know the population deviation and our sample size is <30 we can't use the normal distribution. We neeed to use on this case the t distribution, first we need to calculate the degrees of freedom given by:
We know that so then
and we can find on the t distribution with 15 degrees of freedom a value that accumulates 0.005 of the area on the left tail. We can use the following excel code to find it:
"=T.INV(0.005;15)" and we got on this case since the distribution is symmetric we know that the other critical value is