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sveticcg [70]
3 years ago
10

Katrina randomly selected 64 students out of her school of 400 students and found that 40 of them want school to start at a late

r time.
With a desired confidence of 99%, which has a z*-score of 2.58, which statements are true? Check all that apply.

E = z*

The sample size is 40.
The sample size is 64.
The point estimate of the population proportion is 0.16.
The point estimate of the population proportion is 0.625.
The margin of error is approximately 12%.
The margin of error is approximately 16%.
Mathematics
2 answers:
SashulF [63]3 years ago
6 0

- The sample size is 64.

- The point estimate of the population proportion is 0.625.

-The margin of error is approximately 16%.

Svetllana [295]3 years ago
4 0

Answer:

Step-by-step explanation:

Given that Katrina randomly selected 64 students out of her school of 400 students and found that 40 of them want school to start at a later time.

Out of the statements given the true statements are :

1) The sample size is 64

2) The point estimate of the population is sample proportion =40/64 =5/8

=0.625

3) Margin of error = std error x 2.58

Std error = sq rt pq/n

p=0.625 and q = 0.375

Hence std error = 0.060

Margin of error = 0.156

Round off to 0.16 = 16%

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A horizontal demand curve can be observed for a perfectly competitive market. Since, its a perfect competition, the price of a product by all competitors will be the same. In this case, if a firm decides to increase the price, he will loose his market share as no customer will buy the product at increased price. They will rather go with the other competitor who is offering a similar product at lower price.

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