Answer:
4250
Step-by-step explanation:
0.13 = 13%
1000×0.13=130
130×25= 3250 + 1000 = 4250
What I did:
You have to turn the percent to a decimal first
Then multiply the decimal by the first investment amount (1000)
then multiply that by the years that you have before retirement
You add that amount plus the 1000 you have started with
Answer:
The estimate of a population proportion is approximately 541.
Step-by-step explanation:
We can solve the the problem by using the formula for minimum sample needed for interval estimate of a population proportion which is given by the formula
n = pq ((Z/2) / E)^2
As, p is not defined so we use the standard p and q which is 0.5 and 0.5.
The reason for this is we have to choose form 0.1 to 0.9 both values of p and q, we will find the maximum value of pq occurs when they both are 0.5.
Next, we will find the value of (Z/2) by looking at the Z-table, we will find that at 98% confidence (Z/2) = 2.326. Now we start substituting the values in the above formula
n = (0.5)×(0.5) × (2.326/0.05)^2
n = 541.027
n ≅ 541.
