Answer:
A) sample mean = $1.36 million
B) standard deviation = $0.9189 million
C) confidence interval = ($1.93 million , $0.79 million)
*since the sample size is very small, the confidence interval is not valid.
Step-by-step explanation:
samples:
- $2.7 million
- $2.4 million
- $2.2 million
- $2 million
- $1.5 million
- $1.5 million
- $0.5 million
- $0.5 million
- $0.2 million
- $0.1 million
sample mean = $1.36 million
the standard deviation:
- $2.7 million - $1.36 million = 1.34² = 1.7956
- $2.4 million - $1.36 million = 1.04² = 1.0816
- $2.2 million - $1.36 million = 0.84² = 0.7056
- $2 million - $1.36 million = 0.64² = 0.4096
- $1.5 million - $1.36 million = 0.14² = 0.0196
- $1.5 million - $1.36 million = 0.14² = 0.0196
- $0.5 million - $1.36 million = -0.86² = 0.7396
- $0.5 million - $1.36 million = -0.86² = 0.7396
- $0.2 million - $1.36 million = -1.16² = 1.3456
- $0.1 million - $1.36 million = -1.26² = 1.5876
- total $8.444 million / 10 = $0.8444 million
standard deviation = √0.8444 = 0.9189
95% confidence interval = mean +/- 1.96 standard deviations/√n:
$1.36 million + [(1.96 x $0.9189 million)/√10] = $1.36 million + $0.57 million = $1.93 million
$1.36 million - $0.57 million = $0.79 million
Answer: Tiffany 15mph, Maggie 20mph
Step-by-step explanation:
Set up the equation 4((x+5) + x) = 140. x+5 represents how many miles Maggie covered in one hour. x represents how much Tiffany traveled in one hour. 140 is the number of miles in total. 4 is the number of hours in total.
Simplify the equation.
(x+5) + x = 35 Divide both sides by 4
2x+5 = 35 Combine like terms
2x = 30 Subtract 5 from both sides
x = 15 Divide both sides by 2
Tiffany traveled 15mph, while Maggie traveled 15+5=20mph.
95% of red lights last between 2.5 and 3.5 minutes.
<u>Step-by-step explanation:</u>
In this case,
- The mean M is 3 and
- The standard deviation SD is given as 0.25
Assume the bell shaped graph of normal distribution,
The center of the graph is mean which is 3 minutes.
We move one space to the right side of mean ⇒ M + SD
⇒ 3+0.25 = 3.25 minutes.
Again we move one more space to the right of mean ⇒ M + 2SD
⇒ 3 + (0.25×2) = 3.5 minutes.
Similarly,
Move one space to the left side of mean ⇒ M - SD
⇒ 3-0.25 = 2.75 minutes.
Again we move one more space to the left of mean ⇒ M - 2SD
⇒ 3 - (0.25×2) =2.5 minutes.
The questions asks to approximately what percent of red lights last between 2.5 and 3.5 minutes.
Notice 2.5 and 3.5 fall within 2 standard deviations, and that 95% of the data is within 2 standard deviations. (Refer to bell-shaped graph)
Therefore, the percent of red lights that last between 2.5 and 3.5 minutes is 95%
