Samuel measured three ropes as 3and 63/80 feet, 3and 1/5 feet, and 3and 11/20feet. Put the measurements of the ropes in order fr
2 answers:
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Answer: Hence, Probability that a coffee maker will have a defective cord is 0.376=37.6%.
Step-by-step explanation:
Since we have given that
Let A be the event of getting a faulty switch.
Let B be the event of getting a defective cord.
Here, P(A∪B) = 4% = 0.04
P(A∩B) = 0.1% = 0.001
P(A) = 2.5% = 0.025
We need to find P(B):
As we know that
Hence, Probability that a coffee maker will have a defective cord is 0.376=37.6%.
Answer:
a. The 95% confidence interval for the proportion of all adult Americans who would give themselves a grade of A or B on their financial knowledge of personal finance is (0.54, 0.588). This means that we are 95% sure that the true proportion of all adult Americans who would give themselves a grade of A or B on their financial knowledge of personal finance is between these two bounds.
b. Because this confidence interval is entirely above 0.5, the interval is consistent with the statement that a majority of adult Americans would give themselves a grade of A or B.
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 zscore that has a pvalue of .
Sample of 1,664 adult Americans, 939 people in the sample would have given themselves a grade of A or B in personal finance.
This means that
95% confidence level
So , z is the value of Z that has a pvalue of
, so
.
The lower limit of this interval is:
The upper limit of this interval is:
The 95% confidence interval for the proportion of all adult Americans who would give themselves a grade of A or B on their financial knowledge of personal finance is (0.54, 0.588). This means that we are 95% sure that the true proportion of all adult Americans who would give themselves a grade of A or B on their financial knowledge of personal finance is between these two bounds.
(b) Is the confidence interval from part (a) consistent with the statement that a majority of adult Americans would give themselves a grade of A or B?
Yes, because the confidence interval is entirely above 0.5.
Because this confidence interval is entirely above 0.5, the interval is consistent with the statement that a majority of adult Americans would give themselves a grade of A or B.