A store buys a 12 lb turkey for $15. They want to make a 35% profit on the sale/price of the turkey.

The interpretation is that we are <u>95% sure that the true proportion</u> of all days in which the JMJ stock increases <u>is between 0.484 and 0.7292.</u>

In a sample with a number n of people surveyed with a probability of a success of $\pi$ , and a confidence level of $\alpha$ , we have the following confidence interval of proportions.

$\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}$

In which

z is the z-score that has a p-value of $\frac{1+\alpha}{2}$ .

Supposing that it increases on 37 out of 61 days:

$n = 61, \pi = \frac{37}{61} = 0.6066$

95% confidence level

So $\alpha = 0.95$ , z is the value of Z that has a p-value of $\frac{1+0.95}{2} = 0.975$ , so $z = 1.96$ .

The lower limit of this interval is:

$\pi - z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.6066 - 1.96\sqrt{\frac{0.6066(0.3934)}{61}} = 0.484$

The upper limit of this interval is:

$\pi + z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.6066 + 1.96\sqrt{\frac{0.6066(0.3934)}{61}} = 0.7292$

The 95% confidence interval for the proportion of days JMJ stock increases is (0.484, 0.7292), in which 0.484 is the lower bound and 0.7292 is the upper bound.

The interpretation is that we are <u>95% sure that the true proportion</u> of all days in which the JMJ stock increases <u>is between 0.484 and 0.7292.</u>

A similar problem is given at brainly.com/question/16807970

4 0

2 years ago

Which number produces a rational answer when added to 0.85

ZanzabumX [31]

The number that produces a rational answer when added to 0.85 is; 193/180

<h3>How to identify rational numbers?</h3>

A rational number is an algebraic term expressed as a fraction. The fraction can also be in decimals but only if the decimal places are not repeating or not infinitely long. If they aren't, then these are called irrational numbers.

Now, let us convert 0.85 to a fraction. Thus;

0.85 = 85/100 = 17/20

From the given options, the only one that when added to 0.85 will yield a rational number is 2/9. This is because;

17/20 + 2/9 = 193/180

193/180 is a rational number.

The missing options are;

A. 2/9

B. 0.2645751311...

C. √2

D.

Read more about rational numbers at; brainly.com/question/4694420

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3 0

1 year ago