Answer:
N = 920(1+0.03)^4t
Step-by-step explanation:
According to the given statement a car repair center services 920 cars in 2012. The number of cars serviced increases quarterly at a rate of 12% per year after 2012.
Rate is 12 % annually
rate in quarterly = 12/4= 3%
We will apply the compound interest equation:
N=P( 1+r/n)^nt
N= ending number of cars serviced.
P= the number of cars serviced in 2012,
r = interest rate
n = the number of compoundings per year
t= total number of years.
Number of compoundings for t years = n*t = 4t
Initial number of cars serviced=920
The quarterly rate of growth = n=4
r = 3%
The growth rate = 1.03
Compound period multiplied by number of years = 920(1.03)^4t
Thus N = 920(1+0.03)^4t
N = number of cars serviced after t years...
1-2. The best estimate for the population mean would be sample mean of 60 gallons. Since we know that the sample mean is the best point of estimate. Since sample size n=16 is less than 25, we use the t distribution. Assume population from normal distribution.
3. Given a=0.1, the t (0.05, df = n – 1 = 15)=1.75
4. xbar ± t*s/vn = 60 ± 1.75*20/4 = ( 51.25, 68.75)
5. Since the interval include 63, it is reasonable.
Answer:
The 95% confidence interval of the proportion of Americans who believe in the conspiracy is
Step-by-step explanation:
From the question we are told that
The sample size is n =1057
The number that believe there was a conspiracy is k = 614
Generally the sample proportion is mathematically represented as
=>
From the question we are told the confidence level is 95% , hence the level of significance is
=>
Generally from the normal distribution table the critical value of is
Generally the margin of error is mathematically represented as
=>
=>
Generally 95% confidence interval is mathematically represented as
=>
=>
Answer:
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Step-by-step explanation:
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Answer: 3/48
Step-by-step explanation: 3/8 divided by 6/1 is=3/48