In winter, the price of apples suddenly went up by \$0.75$0.75dollar sign, 0, point, 75 per pound. Sam bought 333 pounds of appl
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Answer: The margin of error = 3.71, confidence interval = (354.04, 361.46) and it means that mean cost is lies within the confidence interval.
Step-by-step explanation:
Since we have given that
Sample size = 400
Mean = $357.75
Standard deviation = $37.89
At 95% confidence level, z = 1.96
We first find the margin of error.
Margin of error is given by
95% confidence interval would be
Hence, the margin of error = 3.71, confidence interval = (354.04, 361.46) and it means that mean cost is lies within the confidence interval.
To draw a graph of any linear function you need two points only. We usually use x and y intercepts because these are easiest to work with.
To find x-intercept we set y to be 0. This is also called zero of a function. Let us find x-intercepts for those two functions:
Now we simply set y=0 and solve for x:
Now we need to find y-intercepts. To do this we simply set x to be zero.
Graphs of our functions are not defined by these two points.
To draw a graph you simply draw a line through these two points.
To find intersection we can use a fact that at the point of intersection both functions have the same value. We can write that down mathematically this way:
-1.3x+4.4=1.2x+0.9
Now we need to solve for x. This will give us an x coordinate of the intersection point.
Now we simply plug in these value of x in any function to obtain y coordinate of the interception point.
Our intersection point the following coordinates (1.4,2.6).
I have attached the graph with all the points that we calculated highlighted.
To find x-intercept we set y to be 0. This is also called zero of a function. Let us find x-intercepts for those two functions:
Now we simply set y=0 and solve for x:
Now we need to find y-intercepts. To do this we simply set x to be zero.
Graphs of our functions are not defined by these two points.
To draw a graph you simply draw a line through these two points.
To find intersection we can use a fact that at the point of intersection both functions have the same value. We can write that down mathematically this way:
-1.3x+4.4=1.2x+0.9
Now we need to solve for x. This will give us an x coordinate of the intersection point.
Now we simply plug in these value of x in any function to obtain y coordinate of the interception point.
Our intersection point the following coordinates (1.4,2.6).
I have attached the graph with all the points that we calculated highlighted.