Answer:
$393.50+/-$19.72
= ( $373.78, $413.22)
Therefore, the 95% confidence interval (a,b) = ($373.78, $413.22)
Step-by-step explanation:
Confidence interval can be defined as a range of values so defined that there is a specified probability that the value of a parameter lies within it.
The confidence interval of a statistical data can be written as.
x+/-zr/√n
Given that;
Mean x = $393.50
Standard deviation r = $50.30
Number of samples n = 25
Confidence interval = 95%
z value(at 95% confidence) = 1.96
Substituting the values we have;
$393.50+/-1.96($50.30/√25)
$393.50+/-1.96($10.06)
$393.50+/-$19.7176
$393.50+/-$19.72
= ( $373.78, $413.22)
Therefore, the 95% confidence interval (a,b) = ($373.78, $413.22)
As given,
Loan amount is = $45000
Rate of interest = 8.5%
So, Tony's mortgage will attract an interest of:
= $3825 (this is yearly)
And for 1st month it will be =
= $318.75
As given, the first month's payment is $390.60 and this covers the interest Additional amount ($390.60 - $318.75 = $71.85) is a payment against the principle.
Hence, the new principle after the 1st month is $71.85 less than $45000
= 45000-71.85 = $44928.15
Hence, the last option $44928.15 is the correct answer.
<span>Since Sturge's Rule states that the optimal number of bins is equal to the 1 plus 3.3 log(n), where n is the number of data points, the estimated solution (since you can only have whole bins) is to provide 6 bins, each storing 42 to 43 data points.</span>
Not sure about the first part but X is 11 because if 14 is congruent to x + 3 then you just do 14-3 which is 11 and then since you figured out x is 11 you just plug that into 11-y and so if it needs to equal 3 then 11-3 = 8. So basically x=11 y=8