It costs £430 to rent a cottage .last year it cost £400 what percentage increase is this
2 answers:
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Answer:
We are confident that the true proportion of people satisfied with the quality of education the students receive is between (0.3995, 0.4564), since the lower value for this confidence level is higher than 0.38 we have enough evidence to conclude that the parents' attitudes toward the quality of education have changed.
Step-by-step explanation:
For this case we are interesting in the parameter of the true proportion of people satisfied with the quality of education the students receive
The confidence level is given 95%, the significance level would be given by and
. And the critical values are:
The estimated proportion of people satisfied with the quality of education the students receive is given by:
The confidence interval for the proportion if interest is given by the following formula:
And replacing the info given we got:
We are confident that the true proportion of people satisfied with the quality of education the students receive is between (0.3995, 0.4564), since the lower value for this confidence level is higher than 0.38 we have enough evidence to conclude that the parents' attitudes toward the quality of education have changed.