Your investment advisor proposes a monthly income investment scheme which promises a variable income eachmonth. You will invest in it only if you are assured an average monthly income of at least 630 dollars. Youradvisor also tells you that, for the past 41 months, the scheme had incomes with an average value of 652 dollarsand a standard deviation of 113 dollars.(a) Create a 90% confidence interval for the average monthly income of this scheme. (Round your answers to 4decimal places, if needed.)(b) Based on this confidence interval, should you invest in this scheme?O No, since the interval is completely above 630.Yes, since the interval is completely above 630.O Yes, since the interval contains 630.O No, since the interval contains 630.Check

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Description: Your investment advisor proposes a monthly income investment scheme which promises a variable income eachmonth. You will invest in it only if you are assured an average monthly income of at least 630 dollars. Youradvisor also tells you that, for the

Solution: Given information: n= 41 Sample size μ= 630 dollars Population mean x=652 dollars Sample…

Math

Statistics

our investment advisor proposes a monthly income investment scheme which promises a variable income each honth. You will invest in it only if you are assured an average monthly income of at least 630 dollars. Your dvisor also tells you that, for the past 41 months, the scheme had incomes with an average value of 652 dollars nd a standard deviation of 113 dollars. ») Create a 90% confidence interval for the average monthly income of this scheme. (Round your answers to 4 ecimal places, if needed.) 5) Based on this confidence interval, should you invest in this scheme? O No, since the interval is completely above 630. ● Yes, since the interval is completely above 630. O Yes, since the interval contains 630. O No, since the interval contains 630. Check

our investment advisor proposes a monthly income investment scheme which promises a variable income each honth. You will invest in it only if you are assured an average monthly income of at least 630 dollars. Your dvisor also tells you that, for the past 41 months, the scheme had incomes with an average value of 652 dollars nd a standard deviation of 113 dollars. ») Create a 90% confidence interval for the average monthly income of this scheme. (Round your answers to 4 ecimal places, if needed.) 5) Based on this confidence interval, should you invest in this scheme? O No, since the interval is completely above 630. ● Yes, since the interval is completely above 630. O Yes, since the interval contains 630. O No, since the interval contains 630. Check

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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