Answer:
And replacing we got:
And the confidence interval for the difference of means would be given by:

Step-by-step explanation:
Previous concepts
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".
The margin of error is the range of values below and above the sample statistic in a confidence interval.
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
We have the following data given:

In order to find the critical value we need to take in count that we are finding the interval for a proportion, so on this case we need to use the z distribution. Since our interval is at 93% of confidence, our significance level would be given by
and
. And the critical value would be given by:
The confidence interval is given by:
And replacing we got:
And the confidence interval for the difference of means would be given by:

Answer:
No, equivalent quarterly rate will be approx 1.75%
Step-by-step explanation:
Given that Chan deposited money into his retirement account that is compounded annually at an interest rate of 7%.
We know that there are 4 quarters in 1 year.
So to find that equivalent quarterly we will divide given yearly rate by number of quarters.
That means divide 7% by 4.
which gives 1.75%.
But that is different than Chan's though of 2% quarterly interest.
Hence Chan is wrong.
Answer:
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Step-by-step explanation:
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Answer:
186,666,667 Americans know who the vice president is
Step-by-step explanation:
In this question, we are tasked with calculating the number of USA citizens that know who the vice president is.
Now, in this question, we are made to know that the total population is set at 280 million with 2 out of three knowing who the vice president is.
What this means is that a fraction of the population at 2/3 knows who the vice president is
This fraction is equal to; 2/3 * 280,000,000 = 186,666,666.66666666
This is approximately equal to 186,666,667 people
A = {x|x∈N,x<4} = {1,2,3}