Susan has 3 pairs of shorts, 5 shirts, and 2 pairs of shoes to take to camp. If she wears a pair of shorts, a shirt and pair of
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Answer:
The 95% confidence interval for the percent of all coffee drinkers who would say they are addicted to coffee is between 21% and 31%.
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 .
The margin of error is:
A confidence interval has two bounds, the lower and the upper
Lower bound:
Upper bound:
In this problem, we have that:
Lower bound:
Upper bound:
The 95% confidence interval for the percent of all coffee drinkers who would say they are addicted to coffee is between 21% and 31%.
Answer:
$1,229.75
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
<em />
First, change 3.25% into a decimal:
3.25% -> -> 0.0325
Since the interest is compounded monthly, we will use 12 for n. Lets plug in the values now:
Lastly, subtract A from P to get the interest earned: