$30,000 for 15 years at a yearly simple interest rate of 5%
1 answer:
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Answer:
0.0259,0.0406
Step-by-step explanation:
Given that in a poll taken in December 2012, Gallup asked 1006 national adults whether they were baseball fans: 48% said they were. Almost five years earlier, in February 2008, only 35% of a similar-size sample had reported being baseball fans.
a) p is the proportion of national adults who are baseball fans.
b) For 2012 poll, p=0.48
Std error =
Margin of error at 90% = 1.645 * std error
= 0.0259
c) Margin of error is the admissible limit on either side of the mean where the sample mean can lie
d) Margin of error would be larger for 99% because critical value 2.58 >1.645
e) Margin of error 99% =