The proprietor of a boutique in New York wanted to determine the average age of his customers. A random sample of 25 customers revealed an average age of 28 years with a standard deviation of 10 years. Determine a 95% confidence interval for the average all of all his customers. Specifically provide the lower limit and upper limit of the confidence interval to one decimal.

So on this case the 95% confidence interval would be given by (23.9;32.1)  

Step-by-step explanation:

Previous concepts

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".

The margin of error is the range of values below and above the sample statistic in a confidence interval.

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

represent the sample mean

population mean (variable of interest)

s=10 represent the sample standard deviation

n=25 represent the sample size  

Solution to the problem

The confidence interval for the mean is given by the following formula:

  (1)

In order to calculate the critical value we need to find first the degrees of freedom, given by:

Since the Confidence is 0.95 or 95%, the value of and , and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-T.INV(0.025,24)".And we see that

Now we have everything in order to replace into formula (1):

So on this case the 95% confidence interval would be given by (23.9;32.1)    

one fourth of 9% = 2.25%

gavin is correct in saying : the equivalent quarterly interest rate would be

2.25%.

1. when "a" is a root of a polynomial, (x -a) is a factor of it. for the three roots given, the factors of the desired polynomial are (x +2)(x -1/2)(x -3).

in order to make the leading coefficient be negative, we need to multiply this product by a negative number. any negative number will do, but we choose a small (magnitude) value that will eliminate the fraction: -2.

then

f(x) = -2(x +2)(x -1/2)(x -3) = -(x +2)(2x -1)(x -3)

= -(2x² +3x -2)(x -3)

= -(2x³ -3x² -11x +6)

f(x) = -2x³ +3x² +11x -6

2. a graph created by the desmos on-line graphing calculator is shown, and the zeros are highlighted.

3. as indicated in part 1, the multiplier of this equation can be anything and the zeros will remain the same. you want a negative leading coefficient, so the "anything" is restricted to any of the infinite number of numbers that will make that be the case.