Find the simple interest paid to the nearest cent for each loan amount, interest rate, and time.

We are given that a survey that asked whether people agree or disagree with the statement ‘‘There is only one true love for each person." has been conducted. The result is that 735 of the 2625 respondents agreed, 1812 disagreed, and 78 answered ‘‘don’t know."

Firstly, the pivotal quantity for 99% confidence interval for the population proportion is given by;

P.Q. = $\frac{\hat p-p}{\sqrt{\frac{\hat p(1-\hat p)}{n} } }$ ~ N(0,1)

where, $\hat p$ = sample proportion of people who disagree with the statement = $\frac{1812}{2625}$ = 0.69

n = sample of respondents = 2625

p = population proportion of people who disagree with statement

Here for constructing 99% confidence interval we have used One-sample z proportion statistics.

So, 99% confidence interval for the population proportion, p is ;

P(-2.58 < N(0,1) < 2.58) = 0.99 {As the critical value of z at 0.5% level

of significance are -2.58 & 2.58}

P(-2.58 < $\frac{\hat p-p}{\sqrt{\frac{\hat p(1-\hat p)}{n} } }$ < 2.58) = 0.99

P( $-2.58 \times {\sqrt{\frac{\hat p(1-\hat p)}{n} } }$ < ${\hat p-p}$ < $2.58 \times {\sqrt{\frac{\hat p(1-\hat p)}{n} } }$ ) = 0.99

P( $\hat p-2.58 \times {\sqrt{\frac{\hat p(1-\hat p)}{n} } }$ < p < $\hat p+2.58 \times {\sqrt{\frac{\hat p(1-\hat p)}{n} } }$ ) = 0.99

99% confidence interval for p = [ $\hat p-2.58 \times {\sqrt{\frac{\hat p(1-\hat p)}{n} } }$ , $\hat p+2.58 \times {\sqrt{\frac{\hat p(1-\hat p)}{n} } }$ ]

= [ $0.69-2.58 \times {\sqrt{\frac{0.69(1-0.69)}{2625} } }$ , $0.69+2.58 \times {\sqrt{\frac{0.69(1-0.69)}{2625} } }$ ]

= [0.667 , 0.713]

Therefore, 99% confidence interval for the proportion of people who disagree with the statement is [0.667 , 0.713].

5 0

3 years ago

Simplify. 16 - 8 + 5x - 3x 16 + 2x 8 + 8x 8 + 2x 10x

klio [65]

Answer:

8+2x

Step-by-step explanation:

Combine Like Terms:

16-8+5x-3x

8+5x-3x

8+2x

3 0

3 years ago

Read 2 more answers

(02.01)Polygon LMNP slides 5 units right and 4 units down on the coordinate plane. If the original measure of angle M was 50 deg

yarga [219]

Answer:

50°

Step-by-step explanation:

Transformation is the movement of one point from its initial location to a final location. If an object is transformed, all its points are transformed. Types of transformation is reflection, dilation, rotation and translation.

If an object is translated, it maintains its shape and size as well as the length of its sides and angles, only the location changes.

If polygon LMNP with ∠M of 50° is translated 5 units right and 4 units down to a new point, M' has the same angle measure. Hence ∠M' = 50°

4 0

3 years ago