Answer:
Step-by-step explanation:
Sample size = 95
X=cash carried by the persons
x bar = 8.00
s = sample std dev = 2.50
Std error =
Hence Z score would be
-0.00
b)
c) 95% conf interval margin of error = ±
=±0.54782
Confi interval = (8-0.5027, 8+0.5027)
= (7.4923, 8.5027)
C)If conf level increases, then width of interval would increase since critical value would increase.
If sample size increases std error would decrease and hence margin of error.
So interval would decrease.
Answer:
Here the answer, dearie.
Step-by-step explanation:
So, 136 people can sit in cafeteria and the patio.
Answer:
$311.74
Step-by-step explanation:
A financial calculator computes the payment amount to be $311.74.
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Your graphing calculator may have the capability to do this. Certainly, such calculators are available in spreadsheet programs and on the web.
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The appropriate formula is the one for the sum of terms of a geometric series.
Sn = a1·((1+r)^n -1)/(r) . . . . . where r is the monthly interest rate (0.005) and n is the number of payments (480). Filling in the given numbers, you have ...
$620827.46 = a1·(1.005^480 -1)/.005 = 1991.4907·a1
Then ...
$620827.46/1991.4907 = a1 ≈ $311.74
