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gregori [183]
3 years ago
12

Ivan surveyed 49 randomly selected players from the 134 players of the soccer club teams to see if they wanted the games to be p

layed on Saturdays or Sundays. Twenty-two of the players said that they preferred that the games be played on Saturdays. Ivan correctly determined that the margin of error, E, of his survey using a 99% confidence interval (z*score 2.58) is approximately 18% What is the 99% confidence level for players who prefer the games be played on Saturdays?
Mathematics
2 answers:
nordsb [41]3 years ago
8 0

Twenty-two of the players said that they preferred that the games be played on Saturdays. Ivan correctly determined that the margin of error, E, of his survey using a 99% confidence interval (z*score 2.58) is approximately 18%

Ivan surveyed 49 randomly select

scoundrel [369]3 years ago
7 0

Answer:

0.269,0.629

Step-by-step explanation:

Ivan surveyed randomly selected 49 players out of 134.

22 of the players said that they preferred that the games be played on Saturdays.

Here,

p = proportion = \dfrac{22}{49},

n = sample size = 49,

We know that,

\text{M.E}=Z_{critical}\cdot \sqrt{\dfrac{p(1-p)}{n}}

It is given as 18% or 0.18

We also know that, confidence interval will be

=p\pm \text{M.E}

Putting the values,

=\dfrac{22}{49}\pm 0.18

=0.449\pm 0.18

=0.269,0.629


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9514 1404 393

Answer:

  14,201 years

Step-by-step explanation:

The two compound interest formulas are ...

  A = P·e^(rt) . . . . . continuous compounding at rate r for t years

  A = P·(1 +r/365)^(365t) . . . . . daily compounding at rate r for t years

We went the amounts to be equal:

  1000·e^(0.07t) = 1100·(1+0.07/365)^(365t)

Dividing by 1000(1 +0.07/365)^(365t), we have ...

  ((e^0.07)/(1+0.07/365)^365)^t = 1.1

The base of the exponential on the left is ...

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Taking logs, we have ...

  t×ln(1.00000671149321522) = ln(1.1)

  t = ln(1.1)/ln(1.00000671149321522) ≈ 0.09531018/(6.7114704·10^-6)

  t ≈ 14,201.09 . . . . . years

It will take about 14,201 years for the investments to be equal.

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<em>Additional comment</em>

The investment value at that time will be about $5.269·10^434. (That's a larger number than <em>anything</em> countable in the known universe, including energy quanta.)

These calculations are beyond the ability of many calculators, so might need to be carefully rewritten if the calculator only keeps 10 significant digits, or only manages exponents less than 100.

This shows that daily compounding is very close in effect to continuous compounding. It would take almost 150 years to make a difference of 0.1% in value.

4 0
3 years ago
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