Find the bank discount and proceeds using ordinary interest for a loan to michelle anders for 7,200 at 8.25% annual simple inter
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Answer:
Step-by-step explanation:
Given that in order to efficiently bid on a contract, a contractor wants to be 95% confident that his error is less than two hours in estimating the average time it takes to install tile flooring.
Std deviation =4.5 errors
95% confidence interval = Mean±1.96*std dev
Hence we have
Sample size should be 20.