In order to estimate the mean 30-year fixed mortgage rate for a home loan in the United States, a random sample of 10 recent loans is taken. The average calculated from this sample is 6.40%. It can be assumed that 30-year fixed mortgage rates are normally distributed with a population standard deviation of 0.5%. Compute 95% and 99% confidence intervals for the population mean 30-year fixed mortgage rate.

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step-by-step explanation:

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need points to ask question

step-by-step explanation:

5x + 3y = - 4

step-by-step explanation:

the equation of a line in standard form is

ax + by = c ( a is a positive integer and b, c are integers )

express the line first of all in slope- intercept form

y = mx + c ( m is the slope and c the y-intercept )

to calculate m use the gradient formula

m = ( y₂ - y₁ ) / ( x₂ - x₁ )

with (x₁, y₁ ) = (7, - 3) and (x₂, y₂ ) = (4, - 8)

m = = -

y = - x + c ← is the partial equation

to find c substitute either of the 2 points into the partial equation

using (4, - 8 ), then

- 8 = - + c ⇒ c = -

y = - x - ← in slope-intercept form

multiply all terms by 3 to eliminate the fractions

3y = - 5x - 4 ( add 5x to both sides )

5x + 3y = - 4 ← in standard form

answer: - (a)

(b) 88 seats

step-by-step explanation:

given: in an auditorium, there are 22 seats in the first row and 28 seats in the second row.

thus first term=

second term=

the number of seats in a row continues to increase by 6 with each additional row.

⇒d= 6

a) given formula :

b)   let the number of seats (n) = 12

substitute n=12 in the explicit rule formed in (a)

∴there are 88 seats in 12 rows.