Which of the following shows the equation below rewritten in the form
1 answer:
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Answer:
An 99% confidence interval of the given proportion
(0.355 , 0.385)
Step-by-step explanation:
Given sample size n= 900
the number of successes in the sample is x=333
The proportion P =
Q = 1-P =1 - 0.37 = 0.63
<u>Confidence interval</u>:-
99% of confidence interval zα = 2.93
(0.37 - 0.015 , 0.37 + 0.015)
(0.355 , 0.385)
<u>Conclusion</u>:-
<u>An 99% Confidence interval (0.355 , 0.385)</u>
The probability that the average selling price of the 35 homes will be within $2000 of the true mean is 0.5753
First, we need to find the z-score and this is expressed according to the formula;
x is the sample space
is the mean value
is the standard deviation
Given the following parameters
Mean = $275,000
Standard deviation = $10,500
If the true mean is $273,000, then;
If the true mean is $277,000
This means that the z-score is between -0.1095 and 0.1095
Pr( -0.1095 ≤ z ≤ 0.1095)
According to the z table, the probability that the average selling price of the 35 homes will be within $2000 of the true mean is 0.5753
Learn more here: brainly.com/question/17436641