Answer:
$1060
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 5.3%/100 = 0.053 per year,
then, solving our equation
I = 2000 × 0.053 × 10 = 1060
I = $ 1,060.00
The simple interest accumulated
on a principal of $ 2,000.00
at a rate of 5.3% per year
for 10 years is $ 1,060.00.
Answer:
The 99% confidence interval for the proportion of readers who would like more coverage of local news is (0.3685, 0.4315).
Step-by-step explanation:
In a sample with a number n of people surveyed with a probability of a success of , and a confidence level of , we have the following confidence interval of proportions.
In which
z is the zscore that has a pvalue of .
For this problem, we have that:
99% confidence level
So , z is the value of Z that has a pvalue of , so .
The lower limit of this interval is:
The upper limit of this interval is:
The 99% confidence interval for the proportion of readers who would like more coverage of local news is (0.3685, 0.4315).