find the monthly interest payment in the situation described below the song that the monthly interest rate is 1/12 of the annual
1 answer:
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Answer:
C.I = 0.7608 ≤ p ≤ 0.8392
Step-by-step explanation:
Given that:
Let consider a random sample n = 400 candidates where 320 residents indicated that they voted for Obama
probability
= 0.8
Level of significance ∝ = 100 -95%
= 5%
= 0.05
The objective is to develop a 95% confidence interval estimate for the proportion of all Boston residents who voted for Obama.
The confidence internal can be computed as:
where;
=
= 1.960
SO;
= 0.8 - 0.0392 OR 0.8 + 0.0392
= 0.7608 OR 0.8392
Thus; C.I = 0.7608 ≤ p ≤ 0.8392