A small child is at a candy store, eager to spend his $1 allowance on candy. His two favorite candies are priced at $0.05 and $0
2 answers:
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Answer:
Step-by-step explanation:
We cannot calculate the confidence interval without the sample size. However, for the second question, the sample size needed would be 49.
The formula we use is
To find the z-score:
Convert 98% to a decimal: 0.98
Subtract from 1: 1-0.98 = 0.02
Divide by 2: 0.02/2 = 0.01
Subtract from 1: 1-0.01 = 0.99
Using a z-table (http://www.z-table.com) we see that this value is closest to a z-score of 2.33.
Using the z-score, our standard deviation (9) and our margin of error (3), we have:
The formula we use is
To find the z-score:
Convert 98% to a decimal: 0.98
Subtract from 1: 1-0.98 = 0.02
Divide by 2: 0.02/2 = 0.01
Subtract from 1: 1-0.01 = 0.99
Using a z-table (http://www.z-table.com) we see that this value is closest to a z-score of 2.33.
Using the z-score, our standard deviation (9) and our margin of error (3), we have: