Name: 5. Driving Distance In a random sample of nine people, the mean driving distance to work was 21.2 miles and the standard deviation was 4.2 miles. Assume that the population is normally distributed. a. O Construct a 95% confidence interval for the mean. Write your answer as an inequality, ncluding units. tc = X-a1.2 ertical value for K=0.05 df=nl 9-1=8 6:4.2 %3D when The ipe Iis ac Typs i en p. O) Suppose you researched commute distances and found the population standard deviation to be 4.2 miles. In general, if you used this new value to create a confidence interval, would you expect vidth of the confidence interval to be bigger or smaller? Why?
Quadratic Equation
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.
Demand and Supply Function
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.
Step by step
Solved in 2 steps with 1 images
