The purchase price of a car is $22,500.00 and the 5 year loan has a 10% down payment and an annual interest rate of 6.75%. What
1 answer:
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Answer:
a.1.90 years
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 question:
So
So the correct answer is:
a.1.90 years