A sample of 18 joint specimens of a particular type gave a sample mean proportional limit stress of 8.42 MPa and a sample standard deviation of 0.78 MPa. (a) Calculate and interpret a 95% lower confidence bound for the true average proportional limit stress of all such joints. (Round your answer to two decimal places.) 8.06 X MPa Interpret this bound. O With 95% confidence, we can say that the value of the true mean proportional limit stress of all such joints is centered around this value. O With 95% confidence, we can say that the value of the true mean proportional limit stress of all such joints is less than this value. O With 95% confidence, we can say that the value of the true mean proportional limit stress of all such joints is greater than this value. What, if any, assumptions did you make about the distribution of proportional limit stress? O we must assume that the sample observations were taken from a normally distributed population. O we must assume that the sample observations were taken from a chi-square distributed population. O we must assume that the sample observations were taken from a uniformly distributed population. O we do not need to make any assumptions. (b) Calculate and interpret a 95% lower prediction bound for proportional limit stress of a single joint of this type. (Round your answer to two decimal places.) 8.78 X MPa
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When it comes to the concept of polynomial equations, quadratic equations can be said to be a special case. What does solving a quadratic equation mean? We will understand the quadratics and their types once we are familiar with the polynomial equations and their types.
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The concept of demand and supply is important for various factors. One of them is studying and evaluating the condition of an economy within a given period of time. The analysis or evaluation of the demand side factors are important for the suppliers to understand the consumer behavior. The evaluation of supply side factors is important for the consumers in order to understand that what kind of combination of goods or what kind of goods and services he or she should consume in order to maximize his utility and minimize the cost. Therefore, in microeconomics both of these concepts are extremely important in order to have an idea that what exactly is going on in the economy.
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