Some people are guessing the number of jelly beans in a jar. Each person who guesses within 15 of the correct number will win a
2 answers:
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Answer:
Confidence interval: (0.04649,0.04913)
Step-by-step explanation:
We are given the following in the question:
Sample size, n = 100,000
Number of people who donated, x = 4781
95% Confidence interval:
Putting the values, we get:
is the required 95% confidence interval for the true proportion of their entire mailing list who may donate.
For quarters we have:
Where,
x: number of quarters
Clearing x we have:
For nickels we have:
Where,
y: number of nickels
Clearing y we have:
Then, the ratio of quarters to nickels is:
Simplifying we have:
Answer:
The ratio of quarters to nickels in a dollar is: