A bicycle was sold for $285 at a discount of 5% calculate the cost price of that bicycle
2 answers:
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Step-by-step explanation:
After you find the sums for each set, make a list, counting the number of ways a sum can occur.
You'll notice that for Set A, sums of 5, 6, 7, 8, and 9 all appear 4 times. So they have equal probabilities. In Set B, a sum of 7 appears 6 times. Sums smaller or larger than 7 are less common.
When we look at the data, we see that were more sums of 7 than any other sum. So this data was probably from Set B.
The margin of error is 0.137 and the confidence interval for the population proportion is (0.443, 0.717).
<h3>What is the margin of error(MOE)?</h3>It is defined as an error that provides an estimate of the percentage of errors in real statistical data.
The formula for finding the MOE:
Where Z is the z-score at the confidence interval
s is the standard deviation
n is the number of samples.
We have:
n = 50, X = 29,
Estimate point p = 29/50 = 0.58
q = 1-p = 1-0.58 = 0.42
Z at 0.05/2 (95% confidence interval) = 1.96
After calculating:
MOE = 0.137
Confidence interval will be: (p - MOE, p+MOE)
= (0.58-0.137, 0.58+0.137)
= (0.443, 0.717)
Thus, the margin of error is 0.137 and the confidence interval for the population proportion is (0.443, 0.717).
Learn more about the Margin of error here:
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