What is the constant of proportionality in the table below?
1 answer:
You might be interested in
Using the z-distribution, as we have a proportion, the 95% confidence interval is (0.2316, 0.3112).
<h3>What is a confidence interval of proportions?</h3>A confidence interval of proportions is given by:
In which:
is the sample proportion.
- z is the critical value.
- n is the sample size.
In this problem, we have a 95% confidence level, hence, z is the value of Z that has a p-value of
, so the critical value is z = 1.96.
We also consider that 130 out of the 479 season ticket holders spent $1000 or more at the previous two home football games, hence:
Hence the bounds of the interval are found as follows:
The 95% confidence interval is (0.2316, 0.3112).
More can be learned about the z-distribution at brainly.com/question/25890103
<u>Story Problem</u>
Mr. Bill Gates bought a house in Italy for and a house in Canada for
. What is the total cost of the two houses?
we know that
The total cost is the sum of the cost each house
so
therefore
the answer is
The total cost is