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2 years ago

The appliance store where the Scott family shops offers a 7% discount for paying cash. The Scott

Mathematics

1 answer:

Alborosie2 years ago

3 0

Answer:

7% = $34

100% = 100/7 X 34 = 3400/7 = $ 485.71 OR $ 486 ANSWER.

Step-by-step explanation:

100% = 100/7 X 34 = 3400/7 = $ 485.71 OR $ 486 ANSWER.

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A random sample of 250 students at a university finds that these students take a mean of 15.2 credit hours per quarter with a st

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95% confidence interval for the mean credit hours taken by a student each quarter is [14.915 hours , 15.485 hours].

Step-by-step explanation:

We are given that a random sample of 250 students at a university finds that these students take a mean of 15.2 credit hours per quarter with a standard deviation of 2.3 credit hours.

Firstly, the pivotal quantity for 95% confidence interval for the population mean is given by;

P.Q. = $\frac{\bar X-\mu}{\frac{s}{\sqrt{n} } }$ ~ $t_n_-_1$

where, $\bar X$ = sample credit hours per quarter = 15.2 credit hours

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n = sample of students = 250

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Here for constructing 95% confidence interval we have used One-sample t test statistics as we know don't about population standard deviation.

So, 95% confidence interval for the population mean, $\mu$ is ;

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P(-1.96 < $\frac{\bar X-\mu}{\frac{s}{\sqrt{n} } }$ < 1.96) = 0.95

P( $-1.96 \times {\frac{s}{\sqrt{n} } }$ < ${\bar X-\mu}$ < $1.96 \times {\frac{s}{\sqrt{n} } }$ ) = 0.95

P( $\bar X-1.96 \times {\frac{s}{\sqrt{n} } }$ < $\mu$ < $\bar X+1.96 \times {\frac{s}{\sqrt{n} } }$ ) = 0.95

95% confidence interval for $\mu$ = [ $\bar X-1.96 \times {\frac{s}{\sqrt{n} } }$ , $\bar X+1.96 \times {\frac{s}{\sqrt{n} } }$ ]

= [ $15.2-1.96 \times {\frac{2.3}{\sqrt{250} } }$ , $15.2+1.96 \times {\frac{2.3}{\sqrt{250} } }$ ]

= [14.915 hours , 15.485 hours]

Therefore, 95% confidence interval for the mean credit hours taken by a student each quarter is [14.915 hours , 15.485 hours].

The interpretation of the above confidence interval is that we are 95% confident that the true mean credit hours taken by a student each quarter will be between 14.915 credit hours and 15.485 credit hours.

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