suppose you invest $700 in a savings account that pays 4.2% annual interest compounded continuously. how much money will be in t
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Answer:
Step-by-step explanation:
We are given the following in the question:
Significance level = 0.01
Width of interval = 0.1
Population variance =
We have to find the sample size so that the width of the confidence interval is no larger than 0.1
Formula for sample size:
where E is the margin of error. Since the confidence interval width is 0.1,
Putting these values in the equation:
So, the above expression helps us to calculate the sample size so that the width of the confidence interval is no larger than 0.1 for different sample variances.