When will APR of a credit card be equal to its APY?
1 answer:
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Answer:
.b. It is one‐half as large as when n = 100.
Step-by-step explanation:
Given that a simple random sample of 100 batteries is selected from a process that produces batteries with a mean lifetime of 32 hours and a standard deviation of 3 hours.
i.e. s = 0.3
we obtain se of sample by dividing std devitation by the square root of sample size
i.e. s=
when n =100 this = 0.3 and
when n =400 this equals 0.15
We find that when sample size is four times as large as original, std deviation becomes 1/2 of the original
Correction option is
.b. It is one‐half as large as when n = 100.