6x + 1 = 6x - 8 what is the value of x
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Answer:
The 95% confidence interval obtained with a sample size of 64 will give greater precision.
Step-by-step explanation:
We are given the following in the question:
A 95% confidence interval is calculated with the following sample sizes
The population mean and standard deviation are unknown.
Effect of sample size on confidence interval:
- As the sample size increases the margin of error decreases.
- As the margin of error decreases the width of the confidence level decreases.
- Thus, with increased sample size the width of confidence level decreases.
If we want a confidence interval with greater precision that is smaller width, we have to choose the higher sample size.
Thus, the 95% confidence interval obtained with a sample size of 64 will give greater precision.
Given:
One time payment, <em>p </em>= $300
Payment per month, <em>q = </em>$65
Number of months paid, <em>n</em> = 5
The objectiv is to find the amount she paid in 5 months.
Let <em>x </em>be the amount she paid in 5 months. Then the the formula is,
Let's substitute the values.
Hence, total amount paid in 5 months is $625.