How much will the monthly payment be for a 2 year old used car that's is priced at 13995 of the current finance rate is 48 month
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Answer:
We need a sample size of at least 383.
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:
85% confidence level
So , z is the value of Z that has a pvalue of
, so
.
How large a sample would be required in order to estimate the fraction of tenth graders reading at or below the eighth grade level at the 85% confidence level with an error of at most 0.03
We need a sample size of at least n.
n is found with
Then
Rounding up
We need a sample size of at least 383.