Answer:
Step-by-step explanation:
The mean and standard deviation of the sampling distribution of the sample proportions is given by :-
, where n is the sample size and p is the population proportion.
Given : p= 0.67 and n= 256
Then, the mean and standard deviation of the sampling distribution of the sample proportions is given by :-
If $5,000,000 is invested at 4% interest compounded continuously, the investment will be worth $16,215,000 in 30 years.
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