You buy a game for $ 40 , and the sales tax is $2 . What percent of the game price are you paying in sales tax?
2 answers:
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The margin of error given the proportion can be found using the formula
Where
is the z-score of the confidence level
is the sample proportion
is the sample size
We have
Plugging these values into the formula, we have:
The result 0.14 as percentage is 14%
Margin error is 38% ⁺/₋ 14%
Where
We have
Plugging these values into the formula, we have:
The result 0.14 as percentage is 14%
Margin error is 38% ⁺/₋ 14%