Alocal parts shop buys a machine that costs 500,000. it’s value depreciates exponentially each year by 10%. whats is the machines value after 5 years?

(69.94, 72.06)

Step-by-step explanation:

Confidence Interval formula = Mean ± z × Standard deviation/√n

Mean = 71 ounces

Standard deviation = 2.8 ounces

z score = 95% confidence interval = 1.96

Confidence Interval = 71 ± 1.96 × 2.8/√27

= 71 ± 1.96 × 0.5388602512

= 71 ± 1.0561660924

71 - 1.0561660924

= 69.943833908 ounces

Approximately = 69.94 ounces

71 + 1.0561660924

= 72.0561660924 ounces

Approximately = 72.06 ounces

95% Confidence Interval = (69.94, 72.06).