Just need to know if I answered this correctly please!
1 answer:
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Answer:
The 95% confidence interval obtained with a sample size of 64 will give greater precision.
Step-by-step explanation:
We are given the following in the question:
A 95% confidence interval is calculated with the following sample sizes
The population mean and standard deviation are unknown.
Effect of sample size on confidence interval:
- As the sample size increases the margin of error decreases.
- As the margin of error decreases the width of the confidence level decreases.
- Thus, with increased sample size the width of confidence level decreases.
If we want a confidence interval with greater precision that is smaller width, we have to choose the higher sample size.
Thus, the 95% confidence interval obtained with a sample size of 64 will give greater precision.
Answer:
$3,078.04
Step-by-step explanation:
-Given her income is $27,267, she falls under the 10% and 12% brackets with the following boundaries as attached.
-Her tax is then calculated as;
#10% bracket;
#12% Tax bracket:
The total tax=970+2108.04=$3,078.04
Hence, Lynn owes $3,078.04 in taxes.
