1) Andrew owns 220 shares of a common stock in a tech company. The tech company recently paid a cash dividend of $2.25 per share
1 answer:
You might be interested in
Answer:
The margin of error for a 99% confidence interval for the population mean is 1.8025.
Step-by-step explanation:
We have that to find our level, that is the subtraction of 1 by the confidence interval divided by 2. So:
Now, we have to find z in the Ztable as such z has a pvalue of .
So it is z with a pvalue of , so
Now, find the margin of error M as such
In which is the standard deviation of the population and n is the size of the sample.
In this problem:
So
The margin of error for a 99% confidence interval for the population mean is 1.8025.