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irga5000 [103]
3 years ago
6

How do I solve this STATS question?

Mathematics
1 answer:
k0ka [10]3 years ago
7 0
We have the following data:

Margin of Error = E = 2.7 % = 0.027
Sample size = n = 900
Proportion of adults in favor = p = 60% = 0.6

We need to find the confidence level. For this first we need to find the z value.

The margin of error for a population proportion is given as:

E=z* \sqrt{ \frac{p(1-p)}{n} }

Using the values, we get:

0.027=z* \sqrt{ \frac{0.6*0.4}{900} } \\  \\ 
0.027=z*0.016 \\  \\ 
z= \frac{0.027}{0.01633}  \\  \\ 
z=1.65

As, seen from the z table, z=1.65 corresponds to the confidence level 90%. So, the answer to this question is option B
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Step-by-step explanation:

This is a multi-year investment and we are not working with a $1 initial investment. There is no mention of compounding so we will use formula A=P0⋅(1+r)N with A=$18,434 and P0=$14,320. We do not know the value of r. However, N=4 years. Substituting the values we have $18,434=$14,320⋅(1+r)4. Divide both sides of the equation by $14,320. Next, take the fourth root of both sides of the equation and subtract 1 to find the decimal form of r.

$18,4341.287291.065170.06517=$14,320⋅(1+r)4=(1+r)4=1+r=r

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2 years ago
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Step-by-step explanation:

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