To put money into a savings account, CDs, and stocks is to___
1 answer:
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Answer: b. 0.98
Step-by-step explanation:
The formula to find the maximum error of the estimated mean :
(1)
, where = standard deviation
n= Sample size
z* = Critical z-value.
As per given , we have
n=100
Critical value for 95% confidence interval = z*=1.96
Put these values in the formula (1), we get
Hence, the maximum error of the estimated mean quality for a 95% level of confidence is 0.98.
Therefore , the correct answer is b. 0.98 .