Bo paid bills with 1/2 of his paycheck and put 1/5 of the remainder in savings. The rest is his paycheck he divided equally amon
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The sample size suggested by this statement is 664 option second is correct.
<h3>What is the margin of error(MOE)?</h3>It is defined as an error that provides an estimate of the percentage of errors in real statistical data.
The formula for finding the MOE:
Where Z is the z-score at the confidence interval
s is the standard deviation
n is the number of samples.
At 99% confidence Z = 2.576
By using the MOE formula:
0.05 = 2.376×√(0.5(0.5)/n)
After calculating
n = 663.57 ≈ 664
Thus, the sample size suggested by this statement is 664 option second is correct.
Learn more about the Margin of error here:
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