Jonathan borrowed $475 at a simple annual interest rate of 2%. How many years will it take him to repay the loan if he wants to
2 answers:
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Answer:
The confidence interval has a lower limit of 0.546 and an upper limit of 0.675.
Step-by-step explanation:
In a sample with a number n of people surveyed with a probability of a success of , and a confidence level of
, we have the following confidence interval of proportions.
In which
z is the z-score that has a p-value of .
In 2017, a random sample of 154 individuals who graduated from high school 12 months prior was selected. From this sample, 94 students were found to be enrolled in college or a trade school.
This means that
90% confidence level
So , z is the value of Z that has a p-value of
, so
.
The lower limit of this interval is:
The upper limit of this interval is:
The confidence interval has a lower limit of 0.546 and an upper limit of 0.675.