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Ede4ka [16]
3 years ago
15

Please show steps to this problem

Mathematics
1 answer:
Leto [7]3 years ago
4 0

Answer:

Answer is D. 1572 square units.

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A credit card company is about to send out a mailing to test the market for a new credit card. From that sample, they want to es
Sergeeva-Olga [200]

Answer:

n=\frac{0.005(1-0.005)}{(\frac{0.001}{1.96})^2}=19111.96  

And rounded up we have that n=19112

Step-by-step explanation:

Previous concepts

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".  

The margin of error is the range of values below and above the sample statistic in a confidence interval.  

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".  

Solution to the problem

In order to find the critical value we need to take in count that we are finding the interval for a proportion, so on this case we need to use the z distribution. Since our interval is at 95% of confidence, our significance level would be given by \alpha=1-0.95=0.05 and \alpha/2 =0.025. And the critical value would be given by:

z_{\alpha/2}=-1.96, z_{1-\alpha/2}=1.96

The margin of error for the proportion interval is given by this formula:  

ME=z_{\alpha/2}\sqrt{\frac{\hat p (1-\hat p)}{n}}    (a)  

And on this case we have that ME =\pm 0.001 and we are interested in order to find the value of n, if we solve n from equation (a) we got:  

n=\frac{\hat p (1-\hat p)}{(\frac{ME}{z})^2}   (b)  

And replacing into equation (b) the values from part a we got:

n=\frac{0.005(1-0.005)}{(\frac{0.001}{1.96})^2}=19111.96  

And rounded up we have that n=19112

3 0
3 years ago
Read 2 more answers
Roman numeral xxiii
Elden [556K]
X= 10


I= 1

10+10+1+1+1= 23

I hope this helps! 
3 0
4 years ago
Read 2 more answers
Change 3/5 to a percentage and a decimal
AURORKA [14]
A fraction is a short way to write a division problem.

Every fraction means  (the top number) divided by (the bottom number).

When you actually do the division, you get the decimal.

             3  divided by  5  =  0.60 .

To change any decimal to a percent, you move
the decimal point two places that way  ==> .

             0.60  =  60% .
8 0
3 years ago
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What is the answer and explanation
PolarNik [594]
Answer:
-4 1/3 < -1 3/4

Explanation:
The negative number farther away from 0 is smaller.
5 0
3 years ago
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Which expression is equivalent to 16.8-18.6
tatiyna

Answer:-1.8

Step-by-step explanation:

16.8-18.6=-1.8

7 0
3 years ago
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