It rained 0.72 inches on Monday. On Tuesday, it rained 0.34 inches less than on Monday.
2 answers:
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Answer:
See explanation
Step-by-step explanation:
The standard compound interest formula is where:
P is the principal amount
r is the interest rate (typically as a percentage)
t is the time
n is the times compounded per unit of time
So,
1)
2)
3)
You should check my answers though, I may have mixed up some terms.
Answer:
And we can conclude at 95% of confidence that the true proportion of interest for this case is between 0.287 and 0.613
Step-by-step explanation:
The estimated proportion of interest is
We need to find a critical value for the confidence interval using the normla standard distributon. For this case we have 95% of confidence, then the significance level would be given by and
. And the critical value is:
The confidence interval for the true population proportion is interest is given by this formula:
Replacing the values provided we got:
And we can conclude at 95% of confidence that the true proportion of interest for this case is between 0.287 and 0.613