Answer:
The 99% confidence interval would be given (11.448;14.152).
Step-by-step explanation:
1) Important concepts and notation
A confidence interval for a mean "gives us a range of plausible values for the population mean. If a confidence interval does not include a particular value, we can say that it is not likely that the particular value is the true population mean"
represent the sample deviation
represent the sample mean
n =1003 is the sample size selected
Confidence =99% or 0.99
represent the significance level.
2) Solution to the problem
The confidence interval for the mean would be given by this formula
We can use a z quantile instead of t since the sample size is large enough.
For the 99% confidence interval the value of and , with that value we can find the quantile required for the interval in the normal standard distribution.
And replacing into the confidence interval formula we got:
And the 99% confidence interval would be given (11.448;14.152).
We are confident that about 11 to 14 are the number of books that the people had read on the last year on average, at 1% of significance.
hope this helps in the picture below :)
B. what is the cost of the haircut
C. calculate the total cost of the haircut, including the tip
D.If you only wanted to know the tip amount, how would you change the process you used in part c to calculate the total cost
Answer:
Sure! Here are the answers:
A. Jeremy paid 100% + 15% = **115%** of the cost to the barber, including the tip.
B. Let's say the cost of the haircut is x dollars. Then, Jeremy paid a tip of 15% of x which is 0.15x dollars. Therefore, the cost of the haircut is x + 0.15x = **1.15x** dollars.
C. The total cost of the haircut, including the tip is 115% of the cost of the haircut. So, if the cost of the haircut is x dollars, then the total cost is 115% of x which is 1.15x dollars.
D. If you only wanted to know the tip amount, you would calculate 15% of the cost of the haircut which is 0.15 times x or **0.15x** dollars.
I hope this helps!
Step-by-step explanation:
A.
{(7, 12), (1, –5), (3, –10), (2, –5)}
B.
{(1, 2), (1, 5), (1, –1), (1, 4)}
C.
{(–3, 4), (–2, 5), (0, 9), (0, 12)}
D.
{(8, –1), (2, –1), (3, 8), (2, 5}
Answer:
Option A is correct that is $15.
Step-by-step explanation:
Caroline bought 20 shares of stock at , and after 10 months the value of the stocks was .
We need to calculate the profit which is the difference of the two values of the stock.
The above value is for 1 share we have to calculate it for 20 shares
So, we will multiply it with 20 we get:
Therefore, Option A is correct that is $15.