Mr. and Mrs. Rainer took out a $240,000 loan to purchase their home. If the interest rate on the loan is 1.2% compounded bimonth
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The confidence interval comes out to be (0.685,0.735).
Calculating the Confidence Level and Other Terms
The confidence level can be calculated as follows,
z = %
z = 90 %
The margin error is given as, E= 0.025
The p value in this case is 0.71
Calculating the Confidence Interval
The mean of your estimate plus and minus the range of that estimate constitutes a confidence interval. Within a specific level of confidence, this is the range of values you anticipate your estimate to fall within if you repeat the test.
Confidence interval can be obtained by using the following formula,
(p-E, p+E) = (0.71-0.025, 0.71+0.025).
Therefore, the confidence interval is (0.685, 0.735).
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The value of x must be 25.0. The correct option is the second option- 25.0
<h3>Solving Linear equations </h3>From the question, we are to determine the value of x
From the given diagram, we can write that
m ∠SOR + m ∠UOR + m ∠TOU = 180° (<em>Sum of angles on a straight line</em>)
∴ (2x +8)° + (3x - 14)° + (3x -14)° = 180°
2x° + 8° + 3x° -14° + 3x° -14° = 180°
Collect like terms
2x° + 3x° + 3x° + 8° - 14° -14° = 180°
8x° -20° = 180°
8x° = 180° + 20°
8x° = 200°
x = 200/8
x = 25.0
Hence, the value of x must be 25.0. The correct option is the second option- 25.0
Learn more Solving linear equations here: brainly.com/question/1413277
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