2,180,000 80,000 being rounded up from 78,421
Answer: Option C. [0.95, 1.59].
Step-by-step explanation:
We know that the mean is:
M = 1.27
and the margin of error is:
e = 0.32
This means that the actual value can be at a maximum distance of 0.32 from the mean.
then the interval will be:
[M - e, M + e].= [1.27 - 0.32, 1.27 + 0.32].= [0.95, 1.59].
The correct option is C.
Answer:
Step-by-step explanation:
Let X be average interest paid monthly by a bank's Visa cardholders
Given that X is N(28, 8)
In the following to find out probability we convert X to z score and use std normal distribution table
Z = 
Probability being less than 1 is here equal to the proportion also.
A) P(X>32) = P(Z>0.5)=0.5-0.1915=0.3085
B) P(X>40) = P(Z>1)=0.5-0.3413=0.1687
C) P(X<19) = P(Z<-1.125)=0.5-0.0438=0.4562
D) We have to find 19th percentile here
Z =-0.88