He price of an item has risen to$62 today. Yesterday it was $40. Find the percentage increase.
2 answers:
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Answer:
The 99% confidence interval for the proportion of all American adults who blame Barack Obama a great deal or a moderate amount for U.S. economic problems is (0.4894, 0.5706)..
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 .
For this problem, we have that:
99% confidence level
So , z is the value of Z that has a pvalue of
, so
.
The lower limit of this interval is:
The upper limit of this interval is:
The 99% confidence interval for the proportion of all American adults who blame Barack Obama a great deal or a moderate amount for U.S. economic problems is (0.4894, 0.5706)..