Keywords:
<em>Medium sodas, buy, dollars, divide </em>
For this case we must find the amount of medium sodas that Natalie's group can buy, taking into account that they have 20 dollars and that each medium soda costs 1.25 dollars. To solve, we must divide:
Let "x" be the number of medium sodas you can buy, then:
So, Natalie's group can buy 16 medium sodas with 20 dollars
Answer:
16 medium sodas
Answer:
a)
b) The should sample at least 293 small claims.
Step-by-step explanation:
We have that to find our level, that is the subtraction of 1 by the confidence interval divided by 2. So:
Now, we have to find z in the Ztable as such z has a pvalue of .
So it is z with a pvalue of , so
, which means that the answer of question a is z = 1.645.
Now, find the margin of error M as such
In which is the standard deviation of the population and n is the size of the sample.
(b) If the group wants their estimate to have a maximum error of $12, how many small claims should they sample?
They should sample at least n small claims, in which n is found when
. So
The should sample at least 293 small claims.