3 years ago

How much would something cost if it was $20 but was 1/5 percent off??

Mathematics

2 answers:

muminat3 years ago

7 0

$16
Cuz 1/5 of 20 is 4.
It is 4 dollars off.

QveST [7]3 years ago

6 0

4$ would be the cost of the item

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2 years ago

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Step-by-step explanation:

We have that to find our $\alpha$ level, that is the subtraction of 1 by the confidence interval divided by 2. So:

$\alpha = \frac{1-0.99}{2} = 0.005$

Now, we have to find z in the Ztable as such z has a pvalue of $1-\alpha$ .

So it is z with a pvalue of $1-0.005 = 0.995$ , so $z = 2.575$

Now, find the margin of error M as such

$M = z*\frac{\sigma}{\sqrt{n}}$

In which $\sigma$ is the standard deviation of the population and n is the size of the sample.

What is the minimum sample size required to create the specified confidence interval

This is n when $M = 0.06, \sigma = 1.1$

$0.06 = 2.575*\frac{1.1}{\sqrt{n}}$

$0.06\sqrt{n} = 2.575*1.1$

$\sqrt{n} = \frac{2.575*1.1}{0.06}$

$(\sqrt{n})^{2} = (\frac{2.575*1.1}{0.06})^{2}$

$n = 2228.6$

Rounding up

The minimum sample size required to create the specified confidence interval is 2229.

7 0

3 years ago