Rachel has $100 in her savings account and deposits an additional $25 per week. Joanna has $350 in her account and is saving $5
2 answers:
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Answer:
The confidence interval for the unemployment rate is (0.056, 0.06) = (5.6%, 6%).
Step-by-step explanation:
In a sample with a number n of people surveyed with a probability of a success of , and a confidence level of
, we have the following confidence interval of proportions.
In which
z is the zscore that has a pvalue of .
The margin of error is:
The lower bound of the interval is:
The upper bound of the interval is:
In this problem, we have that:
So
The confidence interval for the unemployment rate is (0.056, 0.06) = (5.6%, 6%).