Answer:
$110
Step-by-step explanation:
The computation is shown below:
Provided that
Number of desk purchased Fund Left $
0 700
1 590
2 480
3 370
4 260
5 150
6 40
Now the Fund decreased while purchasing is
= 5 desks - 2 desks
= 3 desks
i.e
= $480 - $150
= $330
Now the amount of money left for decreased the desk fund is
= $110
Answer:
a) Sample size = 822
b) Margin of error = 0.03407
Step-by-step explanation:
We are given the following in the question:
p = 74% = 0.74
a) Sample size is required to obtain margin of error of 0.03
Formula:
Putting values, we get,
Thus, the sample size must be approximately 822 to obtain a 95% confidence interval with an approximate margin of error of 0.03
b) Margin of error for the 95% confidence interval
p = 54% = 0.54
Formula:
Putting values, we get,
The margin of error now will be 0.03407.