You have a credit card balance of %188, and you pay annual interest on the unpaid balance of 18%. If you pay $50 on your balance
, how much interest will you pay for the next month on the remaining balance?
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1 answer:
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Answer:
The margin of error for the 99% confidence level for this sample is ±2.23.
None of the given figures is close to the answer:
E. None of the above
Step-by-step explanation:
margin of error (ME) around the mean can be calculated using the formula
ME= where
- z is the corresponding statistic of the 99% confidence level (2.576)
- s is the population IQ standard deviation (15)
- N is the sample size (300)
Using these numbers we get:
ME= ≈ 2.23