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Sadie is saving for a new car. Below is the total amount of money in her savings account on the last day of each month. Show all
steps to find the mean amount of money Sadie saves each month. Round your answers to the nearest cent.
1 answer:
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Answer:
a) (0.5256,0.5944)
c) Criticism is invalid
Step-by-step explanation:
We are given the following in the question:
Sample size, n = 560
Proportion of mislabeled = 56%
a) 90% Confidence interval:
Putting the values, we get:
b) Interpretation of confidence interval:
We are 90% confident that the true proportion of all seafood in the country that is mislabeled or misidentified is between 0.5256 and 0.5944 that is 52.56% and 59.44%.
c) Validity of criticism
Conditions for validity:
Verification:
Both the conditions are satisfied. This, the criticism is invalid.