To put money into a savings account, CDs, and stocks is to___
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Answer:
Step-by-step explanation:
The lower limit of the interval is 0.712 if the survey of 504 citizens found that 378 of them favor a new bill introduced by the city.
<h3>What is a confidence interval?</h3>It is defined as the sampling distribution following an approximately normal distribution for known standard deviation.
We have:
A survey of 504 citizens found that 378 of them favor a new bill introduced by the city.
Sample proportion = p = 378/504 = 0.75
q = 1 - p = 1 - 0.75 = 0.25
SD = 0.01928
For 95% confidence interval Z value = 1.96
Lower limit = 0.75 - 1.96(0.01928)
= 0.712
Thus, the lower limit of the interval is 0.712 if the survey of 504 citizens found that 378 of them favor a new bill introduced by the city.
Learn more about the confidence interval here:
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