Kristen invests $5,000 in a bank. The bank pays 6.45% interest compounded semi-annually. How much money will she have after 2 ye
1 answer:
You might be interested in
Answer:
<h2>= 3/16(0.1875)</h2>Step-by-step explanation:
<h3>explanation in the image.</h3>
Answer:
The probability that the sample proportion will differ from the population proportion by less than 6% is 0.992.
Step-by-step explanation:
According to the Central limit theorem, if from an unknown population large samples of sizes n > 30, are selected and the sample proportion for each sample is computed then the sampling distribution of sample proportion follows a Normal distribution.
The mean of this sampling distribution of sample proportion is:
The standard deviation of this sampling distribution of sample proportion is:
The information provided is:
As the sample size is large, i.e. <em>n</em> = 276 > 30, the Central limit theorem can be used to approximate the sampling distribution of sample proportion.
Compute the value of as follows:
Thus, the probability that the sample proportion will differ from the population proportion by less than 6% is 0.992.